Root Causes
This specific day, October 29, 1929, saw the stock market completely collapse and is known as ______
"Black Tuesday."
By 1933, the unemployment rate in the United States had skyrocketed to this percentage.
25%
During his inauguration, ______________ famously stated that "the only thing we have to fear is" this.
Franklin D. Roosevelt
FDR passed 15 major bills during this initial, highly active period of his presidency. this time was referred to as __________
First 100 Days
This 1935 Act provided old-age pensions for retirees and aid for the disabled.
Social Security Act
This risky practice involves borrowing money to buy stocks, which contributed to the dangerous speculation of the "Roaring Twenties."
Buying on Margin
These shantytowns, built of scrap metal and cardboard, were named after the President to mock his perceived inaction.
Hoovervilles
President ____________ believed in this philosophy, arguing that direct government relief would destroy people's self-reliance.
Herbert Hoover
This program built dams to control floods and brought electricity to the rural South
Tennessee Valley Authority (TVA)
This organization was created to regulate the stock market and prevent the fraud that caused the 1929 crash.
Securities and Exchange Commission (SEC)
This economic problem occurred when factories and farms produced more goods than people could afford to buy, leading to falling prices and layoffs
Overproduction
Thousands of farmers from Oklahoma and Kansas, known by this nickname, abandoned their land and migrated west to California.
Okies
FDR used these radio broadcasts to calm the nation and explain his New Deal plans directly to the people.
Fire-Side Chats
This agency hired young men to plant trees, build parks, and fight fires.
Civilian Conservation Corps (CCC)
This agency insured bank deposits so people would not lose their savings if a bank failed.
Federal Deposit Insurance Corp (FDIC)
This 1930 tariff raised taxes on imports to protect U.S. businesses but backfired by killing global trade.
Hawley-Smoot Tariff
These two environmental factors—one natural and one man-made—combined to create the Dust Bowl.
Severe drought and poor farming practices (over-plowing)
Risky Double: Shoot the basketball
Make it: 800 Points
Miss: -400 Points
...
As the largest New Deal agency, it built roads and schools but also hired artists and writers.
Works Progress Administration
While the New Deal helped, it was the massive spending for this global event that truly ended the Great Depression.
World War II.
These occurred when panicked citizens rushed to withdraw their savings after banks had lost depositors' money in the stock market crash.
Bank Runs
This was the amount of wealth that disappeared in the weeks following the crash, equivalent to what the U.S. spent on World War I
30B
Hoover created this agency to bail out banks and businesses, hoping the wealth would "trickle down."
Reconstruction Finance Corporation (RFC)
This agency paid farmers not to grow crops in an effort to raise agricultural prices.
Agricultural Adjustment Act (AAA)
Name All 3 of the 3 R's
Relief, Recovery, Reform