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Ch 17-18 Grt Dep
Spalding Academy 10th Grade 2011
| Question | Answer |
|---|---|
| WWI veterans who marched on Washington to receive bonus check | Bonus Army |
| Winner of the 1936 election | FDR |
| Winner of the 1932 election | FDR |
| Winner of the 1928 election | Herbert Hoover |
| Where did the Hunger Marches take place? | OK City |
| What was the first thing that FDR did to stabilize the economy? | Declare banking holiday. Feds examine banks. Determine if financially sound before reopening. Hopes to inspire confidence in banks |
| What was the court-packing scandal and why was it a bad political move for FDR? | Supreme Court declares FDR’s actions unconstitutional. FDR wants to add 5 new judges. People think FDR overstepped boundaries of the presidency |
| Role of the gov’t to work out conflicts among competing interest groups | Broker state |
| Process whereby a neutral party hears arguments from two opposing sides and makes a decision that both must accept | Binding arbitration |
| One way that people entertained themselves during the Depression | soap operas |
| Nickname for FDR’s cabinet advisors | Brain trust |
| Name one thing the farmers did during the Farmers’ Revolt | destroy crops, empty milk trucks |
| Name one cause of the Dust Bowl | overproduction of crops |
| Name given to the area of the southern Great Plains severely damaged by droughts and dust storms during the 1930s | Dust Bowl |
| Name for the lines that people stood in to receive food at soup kitchens | breadlines |
| Name for the group of veterans who marched to D.C. to get their check that was denied to them | Bonus Army |
| Name for FDR’s plan for fixing the Great Depression | New Deal |
| Name and describe 5 New Deal programs | SEC: regulates stock mkt and prevents fraud, FDIC: insured $ deposited in banks up to $100,000, AAA: pay farmers not to grow crops, HOLC: gave homeowners smaller mortgage payments, FCA: Farmers refinance mortgages in farms |
| Investing money at great risk with the anticipation that the price will rise | Speculation |
| How does the Great Depression compare to the present Great Recession? (Please provide numbers to back up your claims) | Depression: 25% no jobs, 9,000+ bank fail, 30,000 businesses gone, family income drops. Recession: 10% no jobs, 57 banks fail, $11.2 trillion lost in market |
| How did buying on the margin and speculation contribute to the stock market crash? | Leads to stock market to rise w/o real growth in the companies. Leads to bubble that burst/destroys market |
| Gov’t practice of spending borrowed money rather than raising taxes, usually an attempt to boost the economy | Deficit spending |
| FDR tries to appoint more judges to the Supreme Court | Court-packing |
| Do you think the Great Depression could have been prevented? Why or why not? Be sure to include at least 3 of the causes of the Great Depression and how they could have been fixed early on. | Opinion |
| Buying a stock by paying only a fraction of the stock price and borrowing the rest | Margin |
| A poor section of town consisting of crudely built dwellings usually made of wood | Shantytown |
| A long period of rising stock prices | Bull market |
| A long period of declining stock prices | Bear market |
| 6 causes of the Great Depression | Stock Market Crash, Banks, Credit, Overproduction, Federal Reserve kept low interest rates, Lower Wages and Unemployment |