Causes of the Great Depression

-Stock Market Crash-Too many people invested in stocks -Overproduction-Factories and farms produces more goods than people could buy Bank Failure-many banks invested in the stock market

Believed people and businesses should figure it out by themself, thought too much government help would hurt the economy, didn't help struggling Americans.

Believed the federal gov. should take an active role. Made gov. programs to provide relief and jobs. Expanded the govs. role in economy and recovery.

The purpose of the New Deal Programs

Relief-help people suffering Recovery- recover the economy Reform-prevent future economic problems

Some New Deal Programs

CCC- gave jobs to young men planting trees WPA-jobs building roads, schools, public spaces

How were Americans impacted by the Great Depression?

Unemployment, loosing homes/farms, banks failed, poverty and homelessness, food lines.

What was the Dust Bowl?

A series of devastating dust storms in the 1930s caused by drought and poor farming practices. It truined farms, forced families to move, and worsened the GD.

Purchasing something by making a small down payment and then paying the rest in smaller payments over time.

Borrowing money to buy stocks and paying the loan later.

Who were Hoovervilles?

Shanky homes built by homeless Americans during the Great Depression. Named after Hoover because many people blamed him of the economic crisis.

How did America's entry into WW2 help end the GD?

-Millions of people hired, gov spent large amounts of money on war effort, women worked.

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GD

Question	Answer
Causes of the Great Depression	-Stock Market Crash-Too many people invested in stocks -Overproduction-Factories and farms produces more goods than people could buy Bank Failure-many banks invested in the stock market
Differences between Hoover and FDR	flip
Hoover	Believed people and businesses should figure it out by themself, thought too much government help would hurt the economy, didn't help struggling Americans.
FDR	Believed the federal gov. should take an active role. Made gov. programs to provide relief and jobs. Expanded the govs. role in economy and recovery.
The purpose of the New Deal Programs	Relief-help people suffering Recovery- recover the economy Reform-prevent future economic problems
Some New Deal Programs	CCC- gave jobs to young men planting trees WPA-jobs building roads, schools, public spaces
How were Americans impacted by the Great Depression?	Unemployment, loosing homes/farms, banks failed, poverty and homelessness, food lines.
What was the Dust Bowl?	A series of devastating dust storms in the 1930s caused by drought and poor farming practices. It truined farms, forced families to move, and worsened the GD.
Installment buying	Purchasing something by making a small down payment and then paying the rest in smaller payments over time.
buying on margin	Borrowing money to buy stocks and paying the loan later.
Who were Hoovervilles?	Shanky homes built by homeless Americans during the Great Depression. Named after Hoover because many people blamed him of the economic crisis.
How did America's entry into WW2 help end the GD?	-Millions of people hired, gov spent large amounts of money on war effort, women worked.

Created by: reagank

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