US History - The Great Depression and The New Deal
What was the purpose of FDR's Fireside Chats?
Inspire confidence in New Deal and Banks
What was buying on margin?
Buy stocks without paying for them upfront, pay later
What does CCC stand for? What did it do?
Civilian Conservation Corpse put young, single, white males to work doing public projects
Who started the New Deal?
FDR
Who was president at the time of the Stock Market Crash?
Hoover
What did President Hoover do or get blamed for during the Great Depression?
Hoovervilles, soup kitchens, breadlines
List the causes of the Great Depression.
Overproduction, buying on credit, farmers in trouble, workers in trouble, banks and businesses hurting, gap growing between rich and poor, declining demand
What were the goals of FDR's New Deal?
Relief Recovery (in this order) Reform
What is considered the start of the Great Depression?
Stock Market Crash
What does TVA stand for? What does it do?
Tennessee Valley Authority Built dams for electricity in the southeast and provided flood control
What actually ended the Great Depression?
World War 2
what finally ended the Great Depression?
World War 2
What did the New Deal result in?
bigger government; federal government more important/relevant to peoples' lives
What causes/led to the Stock Market Crash?
buying on margin, false wealth, speculation (unregulated/unpredictable stocks_
What did the New Deal NOT result in? What DID the New Deal result in?
did NOT result in economic recovery did lead to bigger government/change in attitude about federal government
What was included in the Social Security Act? How does this relate to the 2nd New Deal?
gave aid to unemployed, elderly, disabled related to 2nd New Deal because was long term focus (reform)
How were African Americans impacted by the New Deal?
last/hired first fired; didn't benefit from all New Deal programs, sharecroppers hurt by farm subsidies
What did liberals say about the New Deal? What did conservatives say? What was the Constitutional question about the New Deal?
liberals: not enough for elderly/poor conservatives: too much/too expensive constitutional: made federal government/executive branch too powerful (too big)
How did the Great Depression impact people? How did it impact banks? How did it impact families
lost jobs, lost savings caused failure/massive withdrawals both brought families together and split some up
How did the Federal Reserve help bring about the Great Depression?
low interest rates encouraged people to buy when they couldn't pay
How did the New Deal affect women? What gains?
not much first woman in President's Cabinet
What caused the Dust Bowl?
overgrazing, crops taking nutrients out of soil, drought
What did the AAA do?
pay farmers not to grow crops, stabilized farm prices, hurt sharecroppers with their policies (not intentionally)
What other reform time periods did the New Deal follow?
progressive
What did the FDIC do? What do the initials stand for?
protect bank deposits Federal Deposit Insurance Corporation
What does SEC stand for (as a New Deal program)? What does it do?
security and exchange commission regulates the stock market and sale of stocks
What did the 2nd New Deal try to do? How was it different from the first New Deal?
tried to create long term reforms 1st New Deal focused on relief and recovery