Facts
What does S.C.R.E.W.E.D. stand for?
Stock marker crash of 1929
Crisis for farmers
Rich get richer, poor get poorer
Easy credit availability
War debt/ foreign cut trade
Economic boom industries in trouble
Dow Jones "lies"
AAA
The Agricultural Adjustment Act, prices rose and paid farmers to raise crops and animals
Name the goals of the New Deal (3 R’s)
The New Deal focused on 3 big issues, Relief for the needy, Economic Recovery, and financial Reform.
Who was Herbert Hoover
One of the 2 Presidents in the Great Depression, he was not very liked, everyone made fun of him. Had to deal with the worst economic event but was never involved in business, he had taken lazy approach
What was Dow Jones Industrial Average
When the Stock market peaked
What is buying on Margin
When investors bought stocks with money borrowed from stockbrokers
CCC
Civilian conservation corps which funded programs for men/women/or farmers and taught people how to live on their own
Program designed to take away the problems of the great depression
Who was FDR
He was a two term governor of New York, the cousin of TR. Known for his Friendliness and confidence. Made the new deal and Radio talks
What was the Hawley-Smoot Tariff Act
Created to protect farmers and other industries
What was the Great Depression
Worldwide economics downfall when people needed food, money, jobs, healthcare, education, etc.
NIRA
National Industrial Recovery Act, boosted prices, helped businesses and workers, miniumum wage.
What problems did the New Deal try to solve?
The New Deal wanted to take away the Great Depression
Who created the New Deal
FDR
What was a Dust Bowl
Many droughts causing dust, death, diseases
What were Shantytowns
Homeless people built and stayed in these tiny houses across the nation
SSA
Social Security Act which Acted as aid + gave benefits towards old age and sicknesses
Did the New Deal end the Great Depression
No World War 2 did
How were FDR and Hoover different from each other
FDR wanted to fix the problems when Hoover just wanted to let it revolve itself
What was Direct relief
When someone was giving you help directly
What was Black Tuesday
The day the stock market crashed and declined, being practically worthless. Investors lost confidence in stock (sold at any price)
SEC
Securities and Exchange Commission, regulated stock markets, and protected investors
How effective was the New Deal?
The New Deal created many opportunities for people, Which led to people hoping for a change into a better life.
Was Herbert Hoover liked?
No, many different people made fun of him and his way of dealing with the Great Depression
What was the Boulder Dam
Built during great depression
Created jobs for men
Would tame floods