Financial
What year did the stock market crash?
1929
What are the three "Rs" of the New Deal
Relief, Recovery, Reform
Every country in the world
What caused the Dust Bowl
Poor farming practices, drought
How did the Great Depression impact employment?
Majority of the country lost their jobs, highest rate in history
Describe buying on credit.
Putting a down payment down when you first get the product and then paying it off by the month/week
What organization helps people save money for retirement?
Social Security Administration
What novel is about the Great Depression:
The Jungle, Grapes of Wrath, The Great Gatsby, A Farewell to Arms?
Grapes of Wrath
What is court packing? Why did it happen?
Trying to replace the older justices on the court, happened because they kept saying no to his plans
Why did banks fail?
People withdrew all of their money causing the banks to go bankrupt
Why did the stock market crash?
Stock speculation, people selling off their stock, panic, black tuesday, black thursday
What does the Securities and Exchange Commission do?
Regulate the stock market
What is a Hooverville? Why did they call it that?
Where did the dust bowl happen?
The Great Plains
Describe the difference between Roosevelt’s response and Hoover’s response
Hands on v Laissez Faire
After the stock market crash, what did Hoover do to try and help the economy?
not a lot, trickle-down economics, lassiez faire policies
Why did we create the federal reserve?
people didn't trust the banks, needed something to bring back confidence and provide regulation
What were FDR's radio communications called?
Fireside Chats
Describe Mexican Repatriation
Mexican being deported because the US is short on resources and jobs
What are the 4 major factors that contributed to the Great Depression?
Overproduction
Stock market crash
Bad banking practices
Trade restrictions