1930's
What is the gross domestic product?
the value of all goods and services produced in one country during a specific period, usually a year or part of a year
What is the purpose of the Security Exchange Commission?
The regulations of all aspects of the securities industries. (How brokers buy and sell stocks)
How was the Second New Deal different from the 1st New Deal?
Unlike the First New Deal the Second New Deal wasn't ment to be temporary
What were some major events starting in the late 20's and much of the 30's
The Stock Market Crash
The Great Depression
Bank Failures
The Drought in the Great Plains
FDR and the New Deal
Who was blamed for the lack of government response to the Great Depression?
Herbert Hoover
What were 2 reasons for the Stock Market crash of 1929?
The average price of stocks increased dramatically and widespread specification among investors
What agency represented a major shift in Hoover policy of not getting the government directly involved in the relief effort of the Great Depression?
The Reconstruction Finance Corporation which offered direct government loans to large businesses
What is Social Welfare?
a nation’s system for providing assistance to those in need
What did FDR say was the only thing Americans should fear?
“The only thing we have to fear is fear itself.”
What was FDR's purpose for "fireside chats?"
To inform the public of his plans and to reassure them that he would help them out.
What problem was caused by the overproduction of goods by American businesses?
There was more than the American people could buy and there was a lack of money to purchase the goods due to the high unemployment
What were two major characteristics of the Great Depression?
Widespread hunger and unemployment
Why did the Smoot-Hawley Tariff backfire?
It placed high tariffs on foreign goods to encourage Americans to buy American products, but foreign countries retaliated by placing high tariffs on American goods.
Why was Hoover blamed for much of the hardship in the Great Depression?
He thought it would correct itself and he believed that if the government was directly involved with the relief efforts the American people would become dependent on the government.
What was a positive outcome of the New Deal?
It reduced unemployment
What was a major affect of the drought and subsequent dust storms of the 1930's
It was a major factor for the migration out of the Great Plains.
What was the purpose of the TVA?
Create jobs and producing Hydroelectricity
What was the purpose of the Public Works Administration?
Reduce unemployment and improve purchasing power
What program created by the Second New Deal is still with us today?
Social Security
What lasting effect did the New Deal have on the country?
The expansion of the social welfare system
Which action by President Franklin Roosevelt did critics claim threatened the principle of checks and balances?
his court-packing scheme
grew rapidly during the Great Depression.
Union membership
They have made me the present instrument of their wishes. In the spirit of the gift I take it. This excerpt suggests that the Great Depression had caused the American people to begin to think that
the federal government was responsible for the welfare of the nation’s citizens
This election is not a mere shift from the ins to the outs. It means deciding the direction our Nation will take over a century to come. This excerpt suggests that the New Deal was seen by opponents as a
serious break with American tradition and values
Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me—and I welcome their hatred. Based on this excerpt, what is Roosevelt’s message to the American people?
He will continue to fight for them despite great opposition.