Great depression Flashcards
What were the major causes of the stock market crash of 1929?
buying stocks on the margin (loans)
Which event was a factor related to the rapid change in unemployment after 1929?
The stock market crash in october 1929 helped lead to widespread unemployment
What were the major causes of The Great Depression?
a. The overuse of credit amd installment
b. Overproduction of goods by factories throughout the 1920s
c. Overproduction of crops by farmers which drove down prices
Why did many blame President Herbert Hoover for the depression?
he didn’t do much to help with the depression
Which New Deal agency was set up to provide unemployment insurance and pensions for retired workers?
the social security administration
In what part of the United States did the Dust Bowl of the 1930s occur?
the great plains
What was the New Deal?
president Roosevelt’s plan for helping the country during the depression
What was a “Hooverville”?
shantytown (makeshift houses) people lived in during the depression
What were some of the conditions experienced by Americans during the Great Depression?
a. Unemployment-millions were without a job or even a way of feeding their families
b. The dust bowl caused thousands to migrate to california and western states
c. Many were fed in soup kitchens and breadlines
What were some of the New Deal programs and how did they help people out?
Social Security: provided money to retired people amd the unemployed
Federal Deposit Insurance Corporation: protects deposits in banks
Works Project Administration: established national works programs to create jobs
During the Great Depression, why did Pres. Franklin D. Roosevelt give his fireside chats?
to reassure (calm) people about the future of the economy
What were the biggest criticisms of Roosevelt’s New Deal?
a. The new deal would cause deflict spending (governments uses borrowed money to fund programs)
b. The new deal was a danger to the free-market system (too much like socialism)
c. The new deal might make people too reliant (too dependent on governments)
What was one reason that national Prohibition during the depression failed?
What was one reason that national Prohibition during the depression failed?
What was one reason that national Prohibition during the depression failed?
many Americans did not support the law
