Great Depression

Question 1

Invest

Answer 1

spend money on something in the hopes of making more money in the future

Question 2

Stock exchange

Answer 2

system in which shares or part ownership of businesses are bought and sold

Question 3

default

Answer 3

fail to pay money that is owed

Question 4

relief

Answer 4

aid for the needy

Question 5

public works

Answer 5

projects such as highways, parks, and libraries built with public funds for public use

Question 6

work relief

Answer 6

programs that give needy people jobs

Question 7

subsidy

Answer 7

government money paid to a person or company to do work that will benefit the public

Question 8

migrant worker

Answer 8

a person that moves from place to place to find work

Question 9

fascism

Answer 9

a political philosophy that stresses the glory of the sate over individual needs that favors dictatorship

Question 10

pension

Answer 10

a sum paid regularly to a person, usually after retirement

Question 11

unemployment insurance

Answer 11

payments by the government for a limited period of time to people who lost their jobs

Question 12

Frances Perkins

Answer 12

secretary of labor, first woman in a President’s cabinet

Question 13

surplus

Answer 13

amount that exceeds what is used

Question 14

capital

Answer 14

wealth or assets

Question 15

Robert Weaver

Answer 15

college professor, member of FDR’s black cabinet

Question 16

speculation

Answer 16

investment in hopes to gain, but with the risk of loss

Question 17

collective barganing

Answer 17

negotiations between a labor union and employer

Question 18

Huey Long

Answer 18

governor and senator from Louisiana, wanted rich to pay higher taxes, assasinated

Question 19

Charles Coughlin

Answer 19

priest who believed the rich should pay higher taxes, wanted government to take over all banks

Question 20

Francis Townsend

Answer 20

wanted retired people to get a pension

Question 21

National debt

Answer 21

the total amount of money that a country’s government has borrowed

Question 22

Groups suffering before Great Depression

Answer 22

Famers, big divide between the rich and the poor, African Americans, Latinos, Native Americans

Question 23

Where was the Dust Bowl

Answer 23

Great Plains

Question 24

Roosevelts initial issues

Answer 24

100 Days- emergency banking relief act, New Deal- public works and relief

Question 25

bonus army

Answer 25

Congress had promised WWI veterans money, but not till 1945, they wanted it sooner. They marched to DC and camped and demanded the payment. Hoover denied them and this turned America completely against him.

Question 26

wagner act

Answer 26

guaranteed workers the right to form unions

Question 27

Explain how the supreme court “packing” incident affected President Roosevelt

Answer 27

FDR wanted to increase the number of SC justices from 9 to 15 , but this was seen as an attack on checks and balances and was criticized

Question 28

Explain a timeline of the events that occurred during the Great Depression

Answer 28

stock market crash, people defaulted on loans, banks closed, tariffs, farmers and factory workers out of work, Hoovervilles

Question 29

Works Progress Administration

Answer 29

created jobs by building airports, roads, bridges, and public buildings. Supported artists, writers, and musicians

Question 30

Black Thursday

Answer 30

October 24, 1929- nearly 13 million shares were sold on the stock market

Question 31

Explain how the New Deal was able to help workers during the Great Depression

Answer 31

Provided jobs, gave federal money to the states, helped farmers, minimum wage, insured bank accounts, regulated stock market

Question 32

Identify ways that American found an escape from the Great Depression

Answer 32

radio shows, movies, art, soap operas

Question 33

Identify the brain trust used by Roosevelt

Answer 33

Roosevelt's advisors

Question 34

Explain how Hoover eventually tried to deal with the Great Depression

Answer 34

get business leaders and charities to help, start a public works program, set up the Reconstruction Finance Corporation

Question 35

Explain how the Agricultural Adjustment Act was designed to help farmers

Answer 35

Gave subsidies to farmers so they could continue farming, paid farmers to not farm land and to destroy crops, kept prices high

Question 36

deficit spending

Answer 36

government spent more than it collected to create jobs

Question 37

Fireside chats

Answer 37

Roosevelt's radio broadcasts to the American public

Question 38

Identify which New Deal law established unemployment insurance for workers

Answer 38

Social Security Act

Question 39

Identify New Deal programs that still exist today

Answer 39

FDIC, SSA, TVA, SEC, NLRB

Question 40

Identify the reasons for the stock market collapse in 1929

Answer 40

People bought stock with credit, investors began to sell their stock, lenders demanded the money for the stocks bought on margin, people had to sell most of their shares