Great Depression
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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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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