Great Depression

Question 1

stock market crash

Answer 1

key cause of GD

Question 2

black tuesday

Answer 2

stocks crashed

Question 3

bull market

Answer 3

steady increase of stock

Question 4

bear market

Answer 4

steady decrease of stock

Question 5

buying on margin

Answer 5

buying stock by paying a percentage of a stocks price and borrowing the rest if the money from a broker, allowing to make greater profits if the stock goes well

Question 6

bank runs

Answer 6

large number of people went to bank to withdraw money, fear that banks will close

Question 7

overproduction

Answer 7

situation in which more goods are being produced than people can afford to buy

Question 8

underconsumption

Answer 8

situation in which people are purchasing fewer goods than the economy is producing

Question 9

Fed reserve system

Answer 9

banking athority of the US, manages nations money supply

Question 10

discount rate

Answer 10

rate of intrest at which banks belong to the federal reserve system can borrow money from the federal reserve bank

Question 11

hawley-smoot tariff act

Answer 11

law passed by congress to raise tariffs on imported goods, in order to protect US buisness and farmers

Question 12

speculative bubble

Answer 12

unrealistic economic value

Question 13

bonus army

Answer 13

group of war vets that requested early payment of retirment bonus to help them through the hard economic times of GD

Question 14

buisness cycle

Answer 14

economic system reoccurring of growth, decline, panic, and recovery

Question 15

what were different responses to the new deal?

Answer 15

liberal, radical and conservative

Question 16

liberal

Answer 16

wanted expansion of liberty

Question 17

conservative

Answer 17

someone who cherishes and seeks to preserve traditional customs and values

Question 18

radical

Answer 18

someone that wants to make oscial, political, or economical changes in society

Question 19

trickle down theory

Answer 19

economic policy in which the gov attempts to indirectly aid the needy by promoting economic growth at the business level in the hope that it will influence prosperity at all levels

Question 20

RFC

Answer 20

provides loans to banks, railroads, and big uisness and later also to farmers and public works projects

Question 21

new deal

Answer 21

Franklin D roosevelts domestic progam from 1933 to 1939 which aimed to bring about immediete economic relif from the GD

Question 22

1st 100 days

Answer 22

1st 3 month or roosevelts presidency, in which congressed passed a record of bills in order to impliment the new deal and provide relif, recovery, and reform from the GD

Question 23

living wage

Answer 23

minimum wage

Question 24

property values

Answer 24

the worth or real estate on the market

Question 25

fore closure

Answer 25

legal process by which a lender takes over a property it has helped borrower buy, usually bc the buyer has failed to make payments

Question 26

black blizzard

Answer 26

severe dust storm

Question 27

dust bowl

Answer 27

nickname of the great plains

Question 28

dessertification

Answer 28

land becomes dry and desert like

Question 29

okies

Answer 29

people that migrated from the dust bowl to Cali during the GD

Question 30

great flood of 1936

Answer 30

flood in new england, record breaking, east cost

Question 31

publi assistance

Answer 31

public aid

Question 32

AAA

Answer 32

part of new deal, fed agency created by congress in 1933 to reduce farmers crop production and restore prices of their goods to reasonable levels

Question 33

CCC

Answer 33

work relief program, provided work (5 for me 25 for home)

Question 34

demagouge

Answer 34

political leader that gains power by appealing to peoples emotions and prejudices, RATHER THAT ARGUMENT

Question 35

WPA

Answer 35

work relief org. provided work for unemployed during the GD

Question 36

wagner act

Answer 36

protects workers rights to organize into unions

Question 37

social security act

Answer 37

establish federal programs to offer old-age assistance and beifits, unemployment compensation

Question 38

mandate

Answer 38

athority bestowed on a canidate by an electoral victory

Question 39

CIO

Answer 39

organized workers by industry rather than by occupation or skill

Question 40

welfare state

Answer 40

gov takes resposibility for the economic well being of its citizens by providing programs and direct assistance

Question 41

WPA

Answer 41

Puts Americans to work on nation projects, gives jobs Largest most expensive Relief and recovery

Question 42

AAA

Answer 42

Help farmers by decreasing production, should boost the price of surplus food they have relief or recovery Ruled unconstitutional

Question 43

TVA

Answer 43

Build dams along river All 3 Managed flooding

Question 44

CCC

Answer 44

Gave young men jobs planting trees and working on conservation projects Relief recovery Provided direct unemployment relief Made 30 5 them 25 family

Question 45

SSA

Answer 45

Provides unemployment disability and retirement benefits All 3 Yes, still around

Question 46

Securities and exchange commission

Answer 46

Regulated the securities market and protected investors | Reform

Question 47

FDIC

Answer 47

Independent agency of the US, preserves public confidence in banking system by insuring deposits