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Stack #1880655
| Question | Answer |
|---|---|
| Why didn't the government notice sn economic slowdown before the Great Depression? | because there was not a detailed statistic record kept for it |
| Causes of the crash... | -investors that paid for their stock couldn't pay off the money so they borrowed it from stockbrokers -brokers ask investors to pay what they owe -investors couldn't repay loans -people sold all their stock -stock prices dropped |
| Black Tuesday | Oct. 29, 1929 a stampede of selling hits the NY stock exchange causing prices to plunge because there were no buyers (stocks became worthless) |
| The Great Depression | an economic downturn that lasted from 1929-1941 |
| causes of the depression... | -farm and factory overproduction -production cutbacks led to wage cuts and firings -businesses went bankrupt- unable to repay debt -Weaknesses in the banking system- banks made unwise loans, and couldn't give money to depositors, many banks close |
| The human cost of the great depression... | -families were split up -many people lost their homes -one in every four workers was jobless |
| those who do work during the great depression... | -work fewer hours -leave families to find work -tax pay cuts |
| government aid | hoover takes no action at first, and calls on businesses and churches to help |
| hoovervilles | shacks where the homeless live |
| public works | project built by the government for public use |
| Who won the the election of 1923, and why? | RDR, his confident manner and personal charm |
| the new deal | the Roosevelt's administration plan for dealing with depression |
| FDR promised to help.. | - the jobless -the elderly -poor families |
| bank holiday | FDR closed every bank in America for four days. He enforced the emergency Relief Act- allowed banks with only enough funds to meet depositor's demand to reopen |
| Fireside Chats | radio speeches given by president Roosevelt while in office |
| What did Huey Long do? | he called for heavy taxes on the rich, and wanted to use the tax money to provide every American family with a house, a car, and a decent income |
| Pension | a sum of money paid to people on a regular basis after they retire |
| Liberty leauge | complained that the New deal interfered to much with business |
| What did the Supreme court do to the New Deal? | it attacked the New Deal by ruling that many of its programs were unconstitutional |
| What and why did Roosevelt call for from the supreme court | Roosevelt called for the raising of the number of justices on the Supreme Court from 9-15 (he wanted to do this to support his programs) |
| National Labor Relations Act (wagner act) | protected workers from unfair management practices and guaranteed their right to collective bargaining |
| social security act | -setup a pension program for older people -established unemployment insurance - provided support for dependant children and people with disabilities |
| Deficit spending | the government spends more money than it takes |
| National Debt | the total sum of money the government owes |
| Dust bowl | Region in the central great plains that was hit by a severe drought during the 1930's |
| states most affected by the droughts... | -oklahoma -kansas -colorado -new mexico -texas |
| Why did opportunities in the workforce fade for women? | If jobs were available employers hired men instead |
| What did Eleanor Roosevelt do? | used her role as 1st lady to speak out for womens right, and for other issues |
| minorities and the depression... | -thousands of black men learned a trade through the civilian conservation corps. |
| native americans during the great depression | series of laws passed that gave Native American nations greater control over their own affairs |
| What did artists do? | portrayed the hardships of depression in life |
| What did movies do? | they tried to restore Americans faith in the future by telling optimistic stories about happy families, of people finding love, and success |
Created by:
ChloeMJ
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