Great Depression Test 2/17/11
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44 terms
Terms | Definitions |
|---|---|
 Causes of the Great Depression | 1. Outdated Industry 2. Farming Problems 3. Too much easy credit 4. Unequal distribution of money |
| What is speculation? | Buying a stock then re selling it immediately to make a quick profit |
| What is buying on margin? | Borrowing money to take out a loan |
| What is black tuesday? | day the stock market crashed |
| When was Black Tuesday | October 29th, 1929 |
| What is a shantytown? | A make shift town made from trash and cardboard boxes |
| What was the dustbowl? | area from Texas to North Dakkota where the wind blew the dust and farmers could grow anything b/c of drought and dust storms |
| How did the dustbowl affect farmers? | Farmers couldnt grow antything and they lost their land and had to move |
| Why were families breaking up? | People had to go to other cities to find work and some family members were dying of disease |
| How did Hoover handle the beginning of the Depression? | He basically did nothing and said it would fix itself and provided no direct relief |
| Why did people blame Hoover for the depression? | He did too little too late |
| What action did Hoover finally take? | He created a few programs to provide construction jobs, but still it was too little too late |
| Who was the bonus army? | WWI vets that went to Washington asking for their $500 bonus early. |
| What happend to the bonus army in Washington? | The bill wasnt passed and the vets were forced to go home, When they didnt, 1,000 were tear gassesd |
| How did the incident in Washington impact Hoovers chance for re-election? | People were schocked the president would treat WWI vets that way |
| How did FDR handle the problems of the Great Depression? | He immediately shut down the banks the day after inaguration, created jobs, and handed out money |
| What was the 20th Amendment? | Moving the inaguration date to Janurary instead of March |
| What was the 21st Amendment? | Repealing prohibition? |
| What was a fireside chat | FDR addressed the nation over radio and encouraged people to put their money back into the bank |
| Relief | Immediate help- food shelter money |
| Recovery | creating jobs and putting people back to work |
| Reform | fixing the system |
| Relief Programs | FERA, Social Security, FHA, HOLC |
| Recovery Programs | CCC, TVA, PWA, CWA |
| Reform Programs | FDIC, Wagner Acts, Social Security, TVA, NIRA |
| How did the Supreme Court react to some of the New Deal programs? | They got rid of some programs b/c they said the goverment was doing the states job |
| Who was Huey Long? | FDR's biggest critic |
| Huey Long propesed what program? | "Share our Wealth" where everyone shared all the money. Sorta socalistic |
| What was Eleanor Roosevelt's role in her husbands presidency? | She became an advocate of the people, encouraged him to support civil rights, pushed for womens rights, and was known for being aproachable and relatable |
| What was the Hindenburg? | The zepelin that exploded in 1937 that was filled w/ hydrogen |
| how did the new deal impact America? | -Unemployment rate fell to 14% by 1937 -Roosevelt scaled back on the New Deal -Defecit spending -Government went 3.5 billion dollars in debt -Eased the pain of the Great Depression |
| Social Security | Gives $ to unemployed/retired |
| FDIC | federal insurance for bank accounts up to $100,000 |
| Federal Housing Act | gives home loans |
| Securities and Exchange | regulates the stock market |
| How did the WWII Effect the Great Depression? | It created jobs and stimulated the economy, essentially ending the Great Depression |
| Who were the 1932 canidates for President? | FDR and Hoover |
| Who denied the bonus army? | Congress |
| Where was Huey Long from? | Louisianna |
| TVA | Put people to work to build dams and control floods |
| Social Security ____ provide benefits to anyone who needed them in the 1930s | did not |
| CCC | Put young men to work in national parks |
| Roosevelt was a | Democrat |
| PWA | Doesnt exist today |
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