Causes of the Great Depression
The sudden collapse of stock prices in late October 1929
What is the Stock Market Crash
This term describes how Americans bought fewer goods during the Great Depression, leading to cutbacks, layoffs, and worsening economic decline.
which could also be seen as an underlying cause
What is under consumption?
FDR‘s radio broadcast that involve the American people; involved, explanations of how he was fixing economic problems
What are fireside chats?
This program is a combo of public assistance insurance; for old age, unemployed, and assistance to dependents. This is done through a tax on the employer and the employee.
What is the Social Security act?
This was the name given to people who were displaced by the dust bowl in the Great Plains region and migrated to California looking for work
What are the Okies?
This practice of buying stocks with borrowed money encouraged risky over-speculation (the idea that stock prices will always rise) helped trigger the 1929 stock market crash.
What is Buying on Margin
This unemployment rate showed how severe the Great Depression had become by 1933.
What is 25%
This program provided jobs through conserving natural resources in building parks
What is the civilian conservation corps?
this insured bank deposits. If the bank fails your deposit is guaranteed
What is the FDIC?
Although widely criticized for his lack of action during the Great , This massive public works project on the Colorado River, later named after Herbert Hoover, was one of the major construction efforts he approved during the Great Depression.
What is the Hoover dam
After World War I, many European countries struggled to pay back loans to the US this led to a decrease in….
What is international trade?
This name was given to the World War I veterans who marched on Washington in 1932 demanding early payment of their promised wartime bonuses.
What is the bonus army?
This program provided jobs to 25% of adult Americans through constructing public buildings and improving roads.
What is the works progress administration?
Created in 1934 to regulate the stock market to prevent fraud and rest, restore investor confidence
What is the securities exchange commission? SEC
Unsustainable farm techniques plus drought led to this natural disaster
What is the dust bowl?
This happened as a result of demand during World War I when farmers bought more land to grow more crops
What is overproduction?
These shanty towns and makeshift shelters were named after President Hoover
What are Hooverville’s
The three R’s of FDR’s new deal
What are relief, recovery and reform?
FDR‘s attempt to add more justices to the Supreme Court to make it easier to pass new deal programs
What is the judicial reorganization act of 1937 also known as court packing plan“?
This famous line from FDR’s First Inaugural Address aimed to boost public confidence during the Great Depression
What is “the only thing we have to fear is fear itself”?
Harding, Coolidge and Hoover all practice this economic policy.
What is laissez-faire? Little government involvement in the economy and lax regulation.
This term describes the mass deportation and removal of hundreds of thousands of Mexicans and Mexican Americans during the Great Depression.
What is Mexican repatriation?
This action by FDR in March 1933 temporarily closed all U.S. banks to stop runs and restore confidence in the financial system.
What is the banking holiday?The
This was created to raise crop prices and paid for us to reduce production even going as far as having farmers kill crops in livestock. This was later declared unconstitutional.
What is the agricultural adjustment act?
This photographer document is suffering of Americans during the Great Depression
Who is Dorothea Lange?