Show:
Measuring
the
Great Depression
Causes
of the
Great Depression
Dealing
with the
Great Depression
Odds & Ends
Could it Happen Again?
100
Deflation
What is a sustained decrease in the overall price of goods and services?
100
National Debt
What are the financial obligations of the federal government that result from deficit spending called?
100
Does the Federal Reserve print money?
No.
100
Radio
What was the technology that assisted President Roosevelt in conveying messages that restored confidence in the U.S. economy?
100
Inflation
What is a sustained increase in the overall price of goods and services?
200
the Federal Reserve System
What is the nation's central bank called?
200
Deflation causes people to ________ purchases!
Postpone
200
Many depositors rush the bank to withdraw money at the same time.
What is a bank panic?
200
a depression
What is a severe period of declining real output across sectors of the economy and regions of the country called?
200
Relief, Recovery, Reform
The New Deal legislation consists of what three programs?
300
Real Gross Domestic Product
What is the market value of all final goods and services produced within a country in a year, adjusted for inflation?
300
Smoot-Hawley tariff
What is the name of the infamous tax on imported goods that led to a decrease in international trade?
300
The United States experienced the worst deflation in which decade?
1920s (1921)
300
currency, coins and checking account deposits available in an economy!
What does the money supply consist of?
300
Both inflation and deflation give people a hard time to...?
Plan for the Future
400
The unemployment rate represents "the percentage of the labor force that is 16 years of age or older, does not currently have a job, and is .
..actively looking for employment."
400
Bank Panics
A run on banks, known as _____ _______, contributed to the collapse of the nation's banking system.
400
Regulates & Supervises Banks
What is the major function of the Federal Reserve?
400
What type of operations does the Federal Reserve conduct to manage the money supply?
Open Market
400
Economist have come to understand...
"the importance of money, credit, and a safe and sound financial system."
500
Real Gross Domestic Product
What economic measurement falls 10% or beyond over many quarters to indicate an economic depression?
500
-destroyed jobs, wealth, and confidence in the economy-
How did the stock market crash, closing of Model T plant, and the collapse of the farming industry contribute to the Great Depression?
500
actions of the Federal Reserve to influence the amount of money and credit in the economy.
Monetary Policy refers to?
500
Besides, declaring a Bank Holiday, what was FDR's other plan to address the economic problems of the Great Depression?
Pass Banking Legislation
500
What causes the money stock to shrink?
Deflation