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Great Depression

QuestionAnswer
Five Causes Of The Great Depression 1) banks failed -- 2) agriculture -- 3) nation living off credit -- 4) stock market crash -- 5) inflation
Why The Banks Failed they gave out too many loans/margins
Why Agriculture Failed had a surplus of products (more than they could sell)
Bull Market stock market is buying & stock values are rising
Bear Market everyone is selling stock & nobody is buying stock
Hoovervilles make shift homes & homeless shelters
Voluntary Charities ways that tried to help people before the government (ex: Salvation Army)
Bonus Army WWI veterans wanted their promised bonuses, so they camped outside to capital building
Hoover's Reaction To The Bonus Army sent out the military (bad idea)
Reconstruction Finance Corporation also called FDIC, put regulations on the stock market & banking industry
Soup Lines people who could not afford food waited to be fed
Why Soup Was Served In Soup Lines it came in large portions & was cheap
FDR Inaugural Address "the only thing we have to fear is fear itself" - FDR states that there is a fear of the banks & finances
First 100 Days FDR's plan for the new deal (relief, recovery, reform)
Fireside Chats FDR went on radios to keep citizens updated on his solutions (thirty speeches)
Banking Holiday banks shut down for three days & the FDIC was inactive
Photographers' Purpose they documented the historic event to make sure it would never happen again
New Deal Program series of programs, public work projects, financial reforms, and regulations established by FDR
Black Tuesday the day the stock market crashed 10/29/29
Bankrupt unable to pay debts
Hardships People Faced unemployment, decreased marriage rates, decreased birth rates, starvation, etc.
Person Who Set Up Soup Kitchens Herbert Hoover (relief program)
Public Works programs built by the government to benefit the public (set up by Herbert Hoover to promote relief)
FDR First Action close all banks on 'bank holiday'
Civilian Conservation Corps gave public work jobs to young men (relief)
Works Progress Administration put jobless to work building hospitals, schools, parks, and airports
National Industrial Recovery Act set standards in wages, production,and prices
Agricultural Adjustment Act asked farmers to reduce production and destroy surpluses (relief, reform)
Tennessee Valley Act gave jobs rebuilding the Tennessee Valley; brought flood relief and hydroelectric power to the area (relief, recovery, reform)
Federal Depository Insurance Corporation provides insurance on bank accounts up to $100,000 (recovery, reform)
Pension sum of money paid to a person on retirement
Huey Long critic of the New Deal; claimed that the US did not do enough for the poor (called to "share our wealth")
Francis Townsend critic of the New Deal; felt that the New Deal did not do enough for the elderly
Liberty League critic of the New Deal; felt that the government did too much (went too far)
Court Packing Scheme FDR's plan to "pack" the Supreme Court with supporters to keep his New Deal programs from being declared unconstitutional
Wagner Act kept businesses from using unfair business practices
Collective Bargaining union representatives negotiate with management
Social Security Act provides disability insurance, unemployment insurance, and pensions (relief, reform)
Laissez Faire criticism of the New Deal program because it is the belief that the government should not get involved
Deficit Spending spending more than the government has
National Debt total sum of money that the government owes; caused by deficit spending
Dust Bowl severe drought that worsened the Depression for people in the midwest
Activities To Survive Hard Times watched movies, read books, and listened to the radio
Created by: abievans
Popular U.S. History sets

 

 



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