Hoover vs. FDR
Alphabet Soup
Causes & Effects 1
Causes & Effects 2
Potpourri
100
This president is famous for his fireside chats and the line "we have nothing to fear but fear itself".
FDR
100
This federal act insured bank deposits to help restore confidence in the banking system
FDIC - Federal Deposit Insurance Corporation
100
The buying of stock using credit
buying on margin
100
The rise in this among American workers was major result of the Great Depression.
unemployment
100
This was the term for shantytowns made of cardboard boxes which housed many of the people affected by the Great Depression
Hoovervilles
200
This man was the president during the market crash of 1929.
President Hoover
200
This set up a system of pensions for the elderly, the unemployed, dependent children, and people with disabilities
SSA-Social Security Act
200
The situation when there are not enough consumers to buy all of the products rolling off assembly lines and coming out of farms
overproduction
200
During the Roaring Twenties Americans first started using this to buy luxury items.
credit
200
Farmers were most affected by this event during the Great Depression which blew up dirt and created huge dust storms in the great plains states.
Dust Bowl
300
This president felt that the government needed to be more involved in the lives and business of the citizens - a "new deal" from the way it was.
FDR
300
This enforced codes that regulated wages, prices, and working conditions
NRA - National Recovery Act
300
a steady rise in stock prices over time
bull market
300
This is when people risk their money with the hope of making a quick profit
speculation
300
These 3 "R"s were promised by FDR, each New Deal Agency focused on one of these promises.
Relief, Recovery, & Reform
400
This president was known as a conservative because he thought federal relief would undermine self-reliance and encourage people to become dependent on government hand-outs
Herbert Hoover
400
This gave relief to the unemployed and needy
FERA - Federal Emergency Relief Act?
400
This was the date the stock market crashed, AKA Black Tuesday
October 29, 1929
400
This is often the result of speculation in an area of the economy. It is an unrealistic/unfounded rise in economic values
speculative bubble OR economic bubble
400
This is the name of the famous photographer who documented the plight of many Americans during the Great Depression
Dorothea Lange
500
This president attacked The Bonus Army group because they were demanding to receive their bonus checks from WWI.
Hoover
500
This paid farmers not to grow certain crops
AAA - Agricultural Adjustment Act?
500
Because of this, most people began to use credit to keep up with buying consumer goods
Two answers acceptable: advertising OR unequal distribution of wealth
500
This government agency is blamed for making the depression worse when it raised the interest rates, making it harder and more expensive for people and businesses to borrow money. It decreased the amount of money flowing in the economy
The Federal Reserve/The Fed
500
----- are when a large number of bank customers withdraw their deposits because they believe the bank is, or might become, insolvent. Much of the Great Depression's economic damage was caused directly them
Bank runs