Causes of the Great Depression
Overspeculation on this led to a financial collapse in 1929.
the stock market
The worst year of the Great Depression and the highest unemployment rate ever reached in that year were:
1933/25%
Which of the two Great Depression Presidents had the better speaking voice?
FDR
Smart bank customers only work with a bank that is a member of this agency.
FDIC
Huey "Kingfish" Long's plan to raise millions of poor Americans out of poverty with radical taxes on the rich was known as the:
"Share Our Wealth" plan
___________ coupled with ___________ of consumer goods led to a shrinking of the economy over the course of the 1920's.
overproduction and underconsumption
Many Americans sought their only meal of the day at these places during the Great Depression.
soup kitchens/breadlines
To what was FDR referring when he said "This elects me!" Hint: Hoover was viewed as responding very harshly to them.
the Bonus Marchers being run out of Washington, D.C. violently
Ruled unconstitutional because it placed too many voluntary rules on private industry. Blue Eagle emblem.
NRA
Give two reasons that conservatives opposed FDR's New Deal.
varies
What part of the economy, which was already struggling in the 1920's, was hit very hard by the financial collapse?
the farm economy
What natural climate problem contributed to the human causes of the Dust Bowl and made conditions there worse for farmers?
What famous line did FDR express in his inaugural address when he reminded the American people to be hopeful and avoid despair in light of the economic recession?
"The only thing we have to fear is fear itself!"
Prevents dishonest practices on the stock market like buying on margin and insider trading.
SEC
Some said FDR's New Deal did not go far enough in helping certain groups. Who served as FDR's "eyes and ears" during the Great Depression by traveling and talking to struggling, marginalized groups?
Eleanor Roosevelt
What had the US done regarding tariffs over the course of the 1920's which led to a dramatic decrease in foreign trade?
raised tariffs
Communities of shanties and cardboard shacks on the edges of big cities were nicknamed what during the Great Depression?
"Hoovervilles"
When President Hoover invited business owners and state governors to the White House at the beginning of the Great Depression, he asked them to voluntarily make working conditions better. This approach was called:
"voluntarism"
Employed young, single men in conservation projects like building shelter-belts in the Dust Bowl
CCC
Dr. Francis Townsend devised a retirement plan for aging Americans that involved monthly payments to Americans over the age of 60. This idea was incorporated into the New Deal as what program?
Social Security
What was the "spark" that ignited the Great Depression, what is the nickname for this event, and on what date did it occur?
stock market crash, "Black Tuesday" Oct. 29, 1929
Business owners notice a drop in sales--Business owners lay off workers--???--Fewer consumer goods are purchased--Business owners again notice a drop in sales--cycle repeats... Fill in the missing part of the Cycle of Loss.
less money in the economy
Explain Keynesian economics--one of FDR's responses to the Great Depression.
The govt "spends" its way out of a recession by borrowing money to create job programs for Americans. This leads to more money circulating in the economy.
Inspired recovery in home building by offering low interest government loans for home purchases.
FHA
Opponents of FDR had an uphill battle politically. FDR's policies brought together minorities, lower class white voters, urban voters, immigrants, and educated progressives in a political block known as the:
New Deal Coalition