Great Depression/FDR's New Deal

What are domestic policies?

"trickle down" economics, high tariffs to protect businesses, and a decline in international trade

What impact did the Depression have on minorities?

Discrimination

What are causes of the Great Depression?

Domestic Policies, unequal distribution of wealth, overproduction, real estate and stock speculation, the crash and bank collapse, and tolls on the farming industry.

What was the purpose of the Emergency Banking Act?

Roosevelt closed and inspected all of the banks to reassure the nation's trust in the country and its banks

Why did African Americans criticize the New Deal?

Roosevelt did not push for full civil rights because he wanted the white Southern vote

Compare and contrast the strategies used by Hoover and Roosevelt in how they attempted to fix the economy.

Roosevelt was willing to do more to combat the Great Depression, and he tried to improve the public's morale. Hoover thought the economy would be able to fix itself, and he didn't try to improve his public image.

What political group became popular in the 1930s?

The Communists

Why did women criticize the New Deal?

agencies still discriminated them in hiring and were paid less/offered less opportunities than men

Why did Conservatives criticize the New Deal?

believed that there was too much government interference, penalized hard-working people, and taxed the rich

Why did Liberals criticize the New Deal?

believed the New Deal did not go far enough and wanted to completely eliminate poverty

What is real estate and stock speculation?

buying land to resell, unable to sell, land demand decrease, buying stocks on the margin

Why would people modern day criticize the New Deal?

created a large federal government, encouraged deficit spending (using borrowed money to fund programs), and national debt rose

What impact did the Depression have on farmers?

dust bowl, farm equipment was taken by the bank, penny auctions

What is unequal distribution of wealth?

gap between rich and poor increased, middle class paid more in taxes, and people lost their purchasing power

What impact did the Depression have on women?

in charge of the family, had to get working jobs, were discriminated against in job interviews

What is the legacy of the New Deal?

it restored hope and people finally looked to the government for support again

What is overproduction?

new technology, demand in Europe decreased, demand for new products slowed, unable to pay back loans

What were tolls on the farming industry?

overproductions caused decline of farmers' income, unable to payback loans on farm equipment, dust bowl

What is the crash and bank collapse?

prices went down, investors unable to pay off their margin loan, customers' savings accounts were wiped out

What impact did the Depression have on children?

taken away from their families, died from tuberculosis

What two factors contributed to the Dust Bowl?

the farmers did not rotate their crops and their methods of plowing eliminated the topsoil