Causes of the Crash
What major financial event in 1929 marked the beginning of the Great Depression?
What is the stock market crash?
What policy did the U.S. follow that kept it from getting involved in international issues during the Depression?
What is isolationsim?
Who was elected president in 1932 during the Great Depression?
Who is Franklin D. Roosevelt?
Who wrote The General Theory of Employment, Interest, and Money in 1936?
Who is John Maynard Keynes?
By 1933, what fraction of American workers were unemployed?
What is one in four?
Why were stocks bough "on margin" so risky when the market crashed?
What is investors couldn't repay loans when stocks lost value?
What economic action by the U.S. hurt global trade and contributed to a worldwide depression?
What are raised tariffs?
What was the name of Roosevelt’s major recovery program?
What is the New Deal?
What economic theory supports government job creation and public spending during recessions?
What is Keynesian economics?
What percentage did global trade drop by due to the Depression?
What is 65%?
What happened to industrial production, prices, and wages after the crash?
What is they all decreased?
Which country passed protective tariffs and saw unemploment cut in half by 1937?
What is Britain?
What kind of projects did the New Deal focus on to reduce unemployment?
What are public works projects?
What classic economic philosophy did Keynesianism challenge?
What is laissez-faire capitalism?
What country’s failure to repay loans and dependence on U.S. aid worsened its Depression?
What is Germany?
What was one major consequence of widespread bank failures during the early Depression?
What is people lost their savings?
What country was less successful in their recovery and saw unemployment continue into 1935?
What is France?
What part of the economy did New Deal reforms specifically try to stabilize with new regulations?
What are the stock market and banking system?
What did Roosevelt do in 1936–1937 that reflected Keynesian ideas?
What is increase government spending during the recession?
What happened to American production by 1932?
What is it was cut in half?
What term was used for the makeshift towns many homeless Americans lived in?
What are Hoovervilles?
How did Scandinavian socialist governments address the Depression?
What is raising taxes to fund social programs like housing and unemployment insurance?
What was one reason Roosevelt gained public trust during the Depression?
What is his confident leadership style?
According to Keynes, what should governments do during high unemployment?
What is spend money on public programs and change tax policies?
What was the chain reaction caused by the U.S. raising tariffs?
What is other countries raised tariffs, reducing world trade and worsening the Depression?