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Great Depression
| Question | Answer |
|---|---|
| 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
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