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Great Depression
Am. History
| Question | Answer |
|---|---|
| What was the New Deal? | FDR's plan to end the Great Depression |
| What was the Bonus Army? | Group of WWI vets that marched on Washington to try to get the money that was owed to them from WWI. |
| What was Bank Holiday? | FDR closed the banks for 4 days so they could get their accounts in order and gain the trust of the American people |
| What was the 21st Amendment? | It got rid of prohibition |
| What happened during the 1st 100 days that FDR was in office? | 15 laws were passed to try to help the American people |
| What was rugged individualism? | Hoover's belief that people can make a good life for themselves through hard work. |
| What was the 20th amendment? | Moved the inauguration day for the president from March to January. |
| What were fireside chats? | Speeches given by FDR over the radio that addressed the concerns of the American people and the New Deal programs |
| Why did the stock market crash? | People had been aggressively buying stocks, they then panicked and sold all of their stocks at once which made the stocks worth less than what they had paid for them. |
| What was Buying on Margin? | When people borrowed money to buy stocks |
| How did President Hoover want to solve the Depression? | People to volunteer and donate money to charities |
| How did FDR want to solve the Depression? | Get the government more involved by passing laws to directly help the American people |
| What were the causes of the Great Depression? | Farmers had overproduced, stock market crashed, banks closed, businesses closed and people lost jobs, people had bought on credit and couldn't repay loans |
| Which group lost their jobs first? | African Americans |
| How did the role of the government change when FDR became president? | The federal government grew and became more involved in people's lives. |
| What was the problem with people buying on credit? | They didn't have the money to pay off their debt if something happened to them |
| What was the Brain Trust? | A group of advisers to FDR- lawyers and professors that tried to come up with ideas to end the Depression. |
| What was the big difference between FDR and Hoover? | FDR wanted the government to have more involvement |
| What were some of the causes of the Dust Bowl? | Drought, strong winds, soil erosion, and poor farming methods |
| Why were farmers already struggling before the Great Depression? | They had overproduced and couldn't sell their crops |
| What was the Promised Land? | California |
| Why did people create the nickname Hoovervilles? | They blamed Hoover for the problems they were having. |
| What was trickle down economics? | The belief that if the banks and large businesses are given more money then the money will trickle down to the workers. |
| What did the Great Depression lead to? | A worldwide depression |
| What was the WPA- Works Progress Administration? | A government program that provided jobs to people to build and improve roads |
| What was the FDIC- Federal Deposit Insurance Corporation? | Insured that the money you deposited into the bank would be safe. |
| What was the National Labor Relations Act or Wagner Act? | Allowed employees to join labor unions so the unions could fight for better rights (wages, hours, etc..) |
| What was the Social Security Act? | Provided a pension system and insurance for people that retired, established unemployment insurance, gave support to the elderly and disabled. |
| What did people learn from the Great Depression? | To save money and only buy what they could afford |
| What was buying on credit? | An agreement in which consumers agreed to buy now and pay later |
| Why did the banks close? | They didn't have the money to give back to the people, they had loaned it out and people couldn't repay. |
| What did the Securities and Exchange Commission (SEC) do? | Regulated the stock market |
| Why did people elect FDR as President? | They wanted the government to get more involved and take more responsibility |
Created by:
Ensmingern
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