6.1 Economy of the 1920s
6.2 Causes of the Great Depression
6.3 The New Deal
6.4 Hardships
6.5 Effects of the Great Depression
100
What does it mean to buy on margin?
You were betting that the stock would have value. It was risky because if the stock loss value you would owe even more money.
100
What does bankruptcy refer to?
Financial failure caused by a company's loss of money and unable to pay their debt.
100
What is one example of a relief program from the New Deal?
Civilian Conservation Corps
100
Define the term 'overproduction.'
There are too many goods produced and not enough people buying them.
100
Who were some of the people that received Social Security?
Unemployed
Disabled
Single Moms
200
What role did the stock market play in the economy?
People were able to get rich fast but at the risk of borrowing money.
200
True or False: The banking crisis was a cause of the Great Depression.
True
200
How did FDR's administration help the jobless?
Created federal agencies to help create jobs building roads, power and phone lines, dams, bridges, schools, hospitals etc.
200
Why did many families listen to the radio?
For entertainment, news, and of course the Fireside Chats
200
What was one effect of the New Deal on the economy?
It made programs to help rebuild the country from the Great Depression.
300
What was the impact of heavy consumer purchasing?
Created lots of jobs and helped people make money.
300
What does unemployment mean?
Many people loss jobs due to companies having to close down.
300
Name a federal program that provided work during the Great Depression.
Works Progress Administration
300
What was the unemployment rate during the Great Depression?
1 out of 4 or 25%
300
When did the Great Depression end and why?
Preparing for World War II in 1941 pulled the country out of the Great Depression.
400
What is installment buying?
Paying monthly with interest instead of paying up front.
400
List the four main causes of the Great Depression
1.Overproduction
2.Banking Crisis
3.Bankruptcy
4.Unemployment
400
What did the Reconstruction Finance Corporation do?
Provided money to local governments and industries.
400
Why were people unable to afford their housing?
By 1933 average family income had fallen 40 percent, from $2,300 in 1929 to just $1,500 four years later.
400
What were FDR's three goals for the New Deal?
Relief, Recovery, and Reform.
500
What were two factors in the economy that indicated a period of prosperity?
booming stock market and heavy consumer purchasing
500
What were two major issues that Farmers faced in the 1920s? How did these issues cause or lead to a great depression?
Crops loss value and they were unable to sell their crops. This lead to a shortage of food and many farmers losing their business.
500
What is this a image of?
Fireside Chats
500
To help her husband, the President of the United States, First Lady Eleanor Roosevelt went around country to help during the Great Depression. Why do you think she did that?
Her husband, the President, was unable to travel due to being in a wheel chair and needing to hide that and needing to report back on how the nation was doing.
500
Was FDR’s New Deal effective in addressing the problems of the Great Depression? Use evidence from the text to support your view.
Supporters say:
•Helped millions of Americans with rent, food, and finding work.
•Created important safety nets in case people need help like Unemployment.
•Protected workers and elderly
Critics argue:
•Too much government control
•Programs cost too much money