Show:
The Stock Market
The Great Depression
The New Deal
Essential Questions
Quotes
100
During the 1920s, many people borrowed money from their stockbrokers or from banks in order to invest more in the stock market. This practice was called ______________________. How did this work out for them later?
buying on the margin; it was bad because when the stock market crashed, people lost their money and couldn't pay back their loans, which put them further into debt.
100
Define "the dust bowl" and explain how it got to be the way it was
the dust bowl was the name given to the area the middle of the country during the Great Depression. Farmers were greatly affected by
100
What personal challenge did President Roosevelt work to overcome?
He was crippled by polio and could not walk.
100
What economic/political system did some Americans say would work better during the Great Depression and why?
Communism, which was the system in the Soviet Union. The reports from the Soviet Union said that everyone there had food and a job. Some Americans said they would give up their capitalism and democracy if it meant they could have a job and food.
100
"I'm getting a little pink myself..." What type of system is this quote referring to? Explain the quote.
Communism; the color associated with communism is "red" so if you are becoming interested in communism, you might not be fully red, but you might be pink. An American might feel "pink" because the conditions of the Great Depression are so bad, and, apparently, the economic conditions of communist countries are better.
200
A _____________________ buys ____________, which means he or she owns a piece of that company.
Stockholder; stocks/shares
200
define "depression"
a economic time characterized by high unemployment, low prices and a shrinking economy
200
a group of highly educated and intelligent men who met with the President and came up with ideas to end the Great Depression
the Brain Trust
200
Give one reason why capitalism was at risk during the Great Depression.
-Capitalism was at risk because the Stock Market Crashed and people/businesses lost all their money. This prevented businesses from getting investments and growing. So competition, one of the main parts of capitalism, was failing. -With all the unemployment, many people believed that capitalism would never recover. Other countries were not failing, so some people started looking at other systems. Furthermore, few other countries would want to adopt a system that failed so miserably.
200
"neighbors helping neighbors" Who said this and what did he mean?
President Herbert Hoover; voluntarism- individuals should help each other by creating and giving each other jobs, sharing extra resources like food or shelter
300
The rule of economics and how it related to the stock market crash.
The Law of Supply and Demand; there was a large supply of stocks (because everyone was selling) and not enough demand (because no one was buying)
300
Define "shantytown" and give a synonym
A shantytown is an area outside a city where people live in shacks (made of cardboard or metal siding) or in tents or in their cars; During the Great Depression, they were also called "Hoovervilles"
300
Who created the New Deal?
President Roosevelt
300
Name one reason democracy was at risk during the Great Depression.
-President Hoover refused to listen to the people. For example, the Bonus Army marched to Washington, but Hoover refused to meet with them. -President Hoover refused to acknowledge the depression. He continued to live an extravagent lifestyle "to keep up morale" even though other people were starving and losing their homes. As a result, the people felt he wasn't giving them what they needed.
300
"...the people support the government, the government should not support the people." Who said this and what did he mean?
President Herbert Hoover; in a democracy, the people should support the actions of the government by not rebelling or creating disorder; the government does not need to support the people, especially financially. People should work hard rather than relying on welfare or government programs.
400
This person buys and sells stocks on behalf of individuals.
A stockbroker.
400
Define "soup kitchen"
a place where people could go and get a free meal; became common during the Great Depression since so many people couldn't afford basic necessities like food.
400
Name one New Deal Program and give the 5Ws and H
who was involved; when; where; what happened; how did it happen (cause); why was it important
400
How did the New Deal programs change the role of American government?
The Federal government had never created work programs for Americans before and had never offered so much aid to Americans ever before.
400
"trickle down" effect
Give money to the people at the top and the big corporations, who will use this money to create more jobs, which will strengthen the economy and give poorer people continuous income; so the money would eventually "trickle down" from the top to the bottom
500
This date in history saw the most complete collapse of economy the US has ever experienced.
Black Thursday; October 24, 1929
500
World War I veterans who marched on Washington to ask Hoover for money. Did they get it?
The Bonus Army; NO!
500
Name one New Deal Program and give the 5Ws and H.
Who was involved; when; where; what happened; how did it happen (cause); why is it important
500
Name the 3 actions President Roosevelt took at the beginning of his presidency that redefined the government's role in America
1. Fireside Chats (kept the people informed about what the government was doing) 2. called an emergency session of Congress 3. acknowledged the difficult situation Americans were in
500
"This nation asks for action, and action now. We must act quickly." Who do you think said this, and what did he mean?
President Roosevelt; he is referring to the New Deal. Hoover did little or nothing to deal with the Great Depression, so Roosevelt was trying to reassure the American people that he 1) listened to them and 2) would do something about the situation