The Great Depression and New Deal Summative Assessment
When was Herbert Hoover elected?
1928
When was FDR elected?
1932
What does CCC stand for?
Civilian Conservation Corps
Identify the 4 causes of the great depression
Credit, over production, stock market crash, tariffs and taxes, uneven distribution of wealth
What was the Dust Bowl and what caused it?
Crisis in the farm industry- many farmers lost their homes. Caused by over use of the land- poor farming techniques
How did the public react to the supreme court opposing the New Deal?
Did not like it
what does FDIC stand for?
Federal Deposit Insurance Corporation
What does FERA stand for?
Federal Emergency Relief Administration
What is the Wagner Act?
Gave explicit protection to the rights of worker to organize UNIONS and engage in collective bargaining
Identify evidence that the people blamed Hoover for the depths of the Depression
Hooverism, Hooverville, didn't get re-elected
What was the bonus army and what did they want
Jobless WW1 veterans who wanted their bonus now
What does NRA stand for?
National Recovery Administration
What was FDR's plan called?
New Deal
What was the Social Security Act?
Provided an income for retired workers
Identify the 3 R's
Relief, Reform, Recovery
What does SEC stand for?
Securities and Exchange Commission
What was Hoover's plan to end the Great Depression?
The trickle down effect
Why did the Supreme Court oppose the New Deal?
They thought it was illegal.
Why were people opposed to the New Deal?
To much business regulation, deficit spending
What does "on margin" mean?
When you buy stocks with a loan
What did the FERA do?
gave money to states
What did the CCC do?
gave outdoor jobs to young men
What did the NRA do?
it set prices of many products and established wages for workers
What did the SEC do?
regulated the stock market
What did the FDIC do?
the goal was to prevent bank failures by providing government insurance for bank deposits