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The New Deal
100

What did the Wall Street crash triggered?

The Great Depression 

100

Who was the president during the crash? (Full name)

Herbert Hoover

100

When did the stock market crash? (Full Date)

October 24th 1929

100

What is stock exchange? 

The place where shares in a company are being bought and sold.

100

Name the 3 R’s (in order) ;)

Relief, Recovery, Reform

200

What is the difference between a bull and bear market?

A bull market are where investors are confident (business is doing good/booming), prices are rising and people are buying shares. Whereas, in a bear market investors are trying to sell their shares, because prices are rising.

200

What type of President was The President during this time?

Republican

200

Give 2 effects of the Great Depression 

Unemployment, Industrial production dropped, house building galled, banks were closing, and people were hungry

200

Give 2 things that happened during hard times

Homelessness grew, women pick scrapes and rubbish to feed their families, Americans was on the brink of starvation

200

What made Roosevelt sympathetic towards ordinary Americans?

His illness polio which left him crippled permanently enhanced his ability to relate to ordinary Americans 

300

Who created POUR and what does it stand for?

Herbert Hoover

Presidents Organization for Unemployment Relief

300

What did the President during this time believe?

They could sit out the crisis. “Prosperity is around the corner.”

300

What did the president during this time did not believe?

That’s the state should not organize work, provide food and shelter for the poor

300

Give 2 long term reasons for the Crash

Overproduction in industry, Overproduction in agriculture, Commerce, Property Prices, Failing demands for goods, The rich took their fair share and Too many small banks.

300

State 3 alphabet agency (abbreviations and full name)

Ccc- Civilian Conservation Corps

Aaa- Agriculture Adjustment Act

Fsa- Farm Security Administration 

NLB- National Labour Board 

400

Define depression.

A serious decline in the economy with business cutting back or closing down and a large rise in unemployment.

400

What are ‘Hoovervilles’?

Shanty Towns where poor families build slum homes of canvas and wood on rubbish tips

400

What was the date of the crash also known as?

Black Thursday 

400

Give 2 short term reasons for the Crash

1. The stock market

2. Over speculation 

3. Loss of confidence and a sudden fall in prices 

400

When did Roosevelt took office?

March 1933

500

What caused the stock market to crash?

Overproduction

Stocks purchased on the margin

Many prices were overvalued as the value of the companies began to fall.

Persons borrowed money to buy shares because it could always be paid back, but those who did this was ruined. Because the shares were worthless.

There was growing bank loans.

ETC

500

What does buying on the margin mean?

Borrowing money to buy shares

500

What is speculation?

Investment in stocks, property etc, in hope of gain

500

Give 3 effects of the stock market crash

Many banks closed. People lost their jobs. Investors lost money in the Crash and could not pay back loans. Workers‘ wages were cut. Ordinary people lost their savings. Etc

500

Who were the persons that did not support the new deal?

Wealthy Businessmen and Politicians, Huey Long, The Supreme Court, Rich upperclass woman, Republican politician