Key Terms
What is an amount of money that is less than needed, like in a budget?
Deficit
During the Great Depression what happened to the unemployment rate?
Greatly increased
Who was elected President in 1932 promising a New Deal of government programs for the American people to help them out of the Great Depression?
Franklin Delano Roosevelt
What term describes taxes on imported goods from another country?
Tariff
What speeches did President Franklin Roosevelt make over the radio to millions of Americans encouraging them to stay strong and explaining New Deal programs?
Fireside Chats
Who formed the Catholic Worker movement to serve the poor during the Great Depression?
Dorothy Day
How did the New Deal change the role of the federal government in the United States?
It increased the role of the federal government. Americans expected the government to care for those in need.
What New Deal program still exists today and that provides income for many retired Americans?
Social Security Administration
What is a sum of money paid to a retired person, usually on a monthly basis?
Pension
What event caused the end of the Great Depression?
World War II
DOUBLE HISTORDY
What does TVA stand for? What were 2 results of this program? Be specific.
DOUBLE HISTORDY
What New Deal program regulates activities of stockbrokers, and requires companies to publish facts about their businesses?
What New Deal program still exists today and provides income for many retired Americans?
Social Security Act
Describe 4 causes of the Great Depression.
1) The Stock Market Crash beginning on Black Tuesday was the start of the Great Depression.
2) Bank Failures- Banks closed and could not give depositors their money back.
3) Underconsumption- Most people could not continue to buy expensive consumer goods.
4) Overproduction- Factories and farms made too much, and as orders slowed factories laid off workers or closed entirely.
5) High Tariffs (taxes on goods imported from other countries) hurt foreign sales.
6) Dust Bowl-During the 1930s, a severe drought affected many Great Plains states from Texas to the Dakotas.
What New Deal program insured bank deposits so Americans would feel confident about keeping their money in bank accounts?
Federal Deposit Insurance Corporation (FDIC)
In Quadragesimo Anno, why did Pope Pius XI condemn Socialism and Communism? Why did he condemn unrestricted laissez-faire capitalism?
He condemned Socialism and Communism because they denied religious freedom and the right to private property. He condemned unrestricted laissez-faire capitalism because it could lead to the rejection of the dignity of workers while seeking to maximize profits.
What New Deal program paid farmers to plant less and raise fewer animals so prices would rise and they could start making profits again?
Agricultural Adjustment Administration (AAA)
What was the topic of FDR's first fireside chat? What did he tell Americans to do?
FDR addressed the banking crisis when banks closed and people lost their money. He told people it was safe to keep their money in the bank, and not to keep it under a mattress at home.
Why are some New Deal programs like Social Security described as "safety net" programs?
They were intended to help the nation’s neediest people. This support keeps the unemployed, elderly, and disabled from falling too far, especially during crises.
What New Deal program created over 8 million jobs making public buildings, roads, and murals?
Works Progress Administration (WPA)