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Ch 17-18 Grt Dep

Spalding Academy 10th Grade 2011

QuestionAnswer
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
Created by: rejoyce431
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