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Great Depression

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Living on credit   Many people had over extended themselves. When it came time to pay off loans they can't. Plus they are not buying new products.  
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Buying on speculation   Bought stocks on the chance that they might make a quick profit, not really on the basis of the product.  
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Buying on margins   Paying a small percent of the stocks price as a down payment and borrowing the rest.  
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Direct relief   Aid from the government for the poor.  
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National Credit Corporation   Loaned money to smaller banks so they wouldn't go bankrupt.  
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Three goals of the new deal   Relief, reform, and recovery.  
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Works Progress Administration   Gave five billion to create work projects (repair roads,build schools,build libraries, build hospitals, make clothing for the needy).  
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National Youth Administration   Gave part time jobs to high school and college students.  
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What is the National Labor Relations Act also known as?   Wagner Act.  
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Wagner Act   Gave workers the right to join unions. Set a minimum wage. Set maximum workweek. Banned factory labor for workers under sixteen years old.  
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Social Security System   Gave a supplement retirement plan for retirees sixty five and older. Unemployment compensation. Aid to families with dependent children and disabled.  
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Who was the first women appointed to a cabinet position?   Francis Perkins.  
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Who helped organize the black cabinet?   Mary McLeod Bethune.  
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Memorial Day Massacure   Steelworkers at Republic Steel were striking, police attacked, 10 people killed and dozens wounded.  
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Securities and Exchange Commision   Continues to regulate the stock market.  
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Federal Deposit Insurance Corporation   Continues to insure individual accounts up to $250,000.  
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Social Security   Government assumed some of the responsibility to help retired and unemployed workers to escape poverty.  
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New Deal programs looked to do what with the environment?   To protect the environment by planting trees, protecting natural resources, and creating a national park system.  
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Tennessee Valley Authority   Used water to generate electricity and prevent flooding in the Tennessee Valley.  
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Created by: sheeba1cindy
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