CHAPTER 9 LESSON 1
Buying on margin was what method of buying stocks
with mostly borrowed money
During the Depression, charities set up ___________________ to give poor people meals.
soup kitchens
The period between March 9 and June 16, 1933, when Congress passed 15 major acts to meet the economic crisis of the Depression, was called the
Hundred Days.
After the New Deal had been in effect for two years, the U.S. economy
showed only slight improvement.
Which figure in the Roosevelt administration was most active in bringing African Americans and women into the New Deal coalition?
First Lady Eleanor Roosevelt
Stockbrokers who made loans that allowed investors to buy stocks could issue a ___________________ to protect their loans.
margin call
In search of work or a better life, many unemployed people
rode the rails.
. The Emergency Banking Relief Act helped solve the banking crisis by
. issuing licenses to financially sound banks.
Father Coughlin, a former New Deal supporter with a popular radio show, called for the government to
nationalize the banking system.
President Roosevelt’s desire to change the political balance on the Supreme Court led to the ___________________, which proved to be Roosevelt’s first serious political mistake.
court-packing plan
The stock market took its steepest dive on October 29, 1929, the day now known as
. Black Tuesday.
During the Depression, many people were able to enjoy which two popular forms of entertainment?
movies and radio
To regulate the stock market, Congress created the
Securities and Exchange Commission.
. In Schechter Poultry Corporation v. United States, the Supreme Court struck down
the authority of the National Recovery Administration.
The Fair Labor Standards Act abolished child labor, limited the workweek to 44 hours for most workers, and
set the first federal minimum wage.
. As a result of the stock market crash, some banks suffered more losses than they could absorb and
were forced to close.
. The first feature-length animated film was
Animal Crackers.
Perhaps the most important result of President Franklin Roosevelt’s First New Deal was a noticeable change in
the spirit of the American people.
. What did the bold series of programs and reforms that President Franklin Roosevelt launched in 1935 come to be called?
the Second New Deal
What group of traditionally Republican voters abandoned that party to vote for Roosevelt in 1936?
African American voters
. At the time of the stock market crash, the government did not insure bank deposits, so
. customers lost their savings if a bank collapsed.
What were shantytowns?
communities of homeless people who lived on public land
Which piece of First New Deal legislation saved millions of farms from foreclosure?
the Farm Credit Administration
Which leftist figure created the Share Our Wealth Society?
Huey Long
What is Keynesianism?
the theory that a government must spend heavily during a recession even at the expense of a deficit