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Great Dep 4 Class
The Great Depression Study Stack for class
| Question | Answer |
|---|---|
| 1.What was the most immediate cause of the Great Depression? | The stock market crash |
| 2.What were the causes of the Great Depression? | People overspeculated on stocks, using borrowed money, The Federal Reserve System was not able to regulate banks or keep the value of money stable, The United States placed high tariffs (taxes) on goods coming into the United States. |
| 3.Roughly what percentage of workers were unemployed during the Great Depression? | 25% |
| 4.How did the Great Depression affect farmers? | Farmer’s incomes fell to extremely low levels. |
| 5.How did the Great Depression affect the financial system of the United States? | Many banks ran out of money and closed. |
| 6.What were the major features of the New Deal? | Environmental improvement programs, Increased rights for labor, Farm assistance programs, Federal work programs |
| 7. Explain how New Deal provisions would provide for jobs, farmers, workers, and elderly people? | Jobs = Federal work programs Farmers = Farm Assistance programs Workers = Increased rights for labor Elderly people = Social Security |
| 8.What was the focus of the New Deal? | Relief for the needy, Economic Recovery, Financial reform |
| 9.How did the New Deal influence farmers in the Great Depression? | It encouraged them to produce less and provided them money to buy land. |
| 10.How did the Great Depression impact Americans? | Banks and businesses failed, Unemployment skyrockets, Farmer’s incomes fell to extremely low levels |
| 11.What was the Civilian Conservation Corps? | An organization that employed young men to help with the construction of state and national parks, installation of telephone and power lines, constructing logging roads and planting trees. |
| 12.What was the Tennessee Valley Authority? | The Tennessee Valley Authority (TVA) built dams along the Tennessee River to provide jobs and electricity in a poverty-stricken region. These programs generally accomplished their goals. They failed to significantly improve the economy, however. |
| 13.What was the purpose of the Federal Deposit Insurance Corporation? | The Federal Deposit Insurance Corporation (FDIC) was created to protect bank deposits. |
| 14.Describe the Works Progress Administration. | The Works Progress Administration (WPA) hired people to build or repair schools, post offices, roads, bridges, and airports. |
| 15.How did Franklin Roosevelt communicate with the American People during the Great Depression? | Fireside Chats |
| 16.How did the Great Depression change the relationship between the economy and the government? | The creation of government agencies to regulate the economy. |
| 17.Who made up the “Bonus Army?” | Soldiers who had enlisted for a $1,000 bonus |
| 18.What were homeless communities often called in the early 1930s? | Hoovervilles |
| 14. Describe the Social Security Act. | The Social Security Act (SSA) was designed to help old people, children, the disabled, the unemployed and it guaranteed a pension to retired people. The pension was funded by a payroll tax, or a tax that removes money directly from workers’ paychecks. |
Created by:
jfleming
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