Great Depression/New Deal

Question 1

8 causes of the Great Depression

Answer 1

1. industries in trouble after the war boom (factories were made and got huge business from the war effort; when the war ended, no more business)
2. Farmers have no price supports (the government was sitting back and watching to avoid socialism; the gov’t used to buy surplus crops at a guaranteed price to sell on the black market)
3. Living on credit (buy now, pay later; people appear that they have money to keep up looks, people wear suits even if they are dirt poor)
4. Gap in wealth (over 70% are under the standard of living
5. Loaded stock market (Dow Jones shows how good or bad the economy is, as Dow rises, people put money in; by 1929, 4 million Americans owned stocks)
6. Speculation- the short gain (ignore risks and buy on the chance of profit)
7. Buying on margin (because of good stock market, people are borrowing money in order to invest)
8. Run-on banks (banks forced to close because they have no money)

Question 2

President Hoover

Answer 2

• sat back and watched as Americans struggle, believed that it is not the gov’t’s job to hold citizens hand
• Hoovervilles (scrap metal houses for people with no money)
• Hoover hogs (possums/roadkill eaten for food)
• Hoover blankets (newspaper that people would use as blankets)
• Hoover flags (peoples empty pockets blowing in the wind

Question 3

When was Black Tuesday?

Answer 3

Tuesday, Oct. 29, 1929
- the day the stock market crashed, people started pulling out money

Question 4

What is and what happened to the Bonus Army?

Answer 4

An army was promised money for fighting in the army and when they get back, they wanted the money before the date when they were promised it. They went and sat on the White House lawn for days at a time before the President called the National Guard in and sprayed tear gas and killed the soldiers.

Question 5

What was a good thing Hoover did?

Answer 5

the Hoover Dam
- create jobs, energy, and water control

Question 6

Hoovervilles

Answer 6

Thousands of people built these shacks and were forced to live in them because of how poor they were. They were called Hoovervilles because they blamed Hoover for not helping them and causing them to live in these “houses”.

Question 7

Dust Bowl Causes

Answer 7

• Drought in the Great Plains
• We farm and don’t rotate crops
• The soil from bad soil management turns to dust and blows across states

Question 8

Dust Bowl Effects

Answer 8

• people must wear scarves to go into public
• people live in fear of a dust storm hitting
• dust gets into houses and peoples lungs, many die

Question 9

3 R’s of the Great Depression

Answer 9

1. relief
2. recovery
3. reform

Question 10

Social Security

Answer 10

benefits the…
- retired
-disabled
-unemployed

is part of the New Deal things that FDR made

Question 11

WPA

Answer 11

Works Progress Association
- spend billions of dollars on new jobs
- built over 150 airports, gyms, buildings
- women work in sewing groups to make clothes

Question 12

FDIC

Answer 12

Federal Deposit Insurance Corporation
- supervises financial institutions
-makes sure the Great Depression won’t happen again

Question 13

AAA

Answer 13

Agricultural Adjustment Act
- adjusted supply and demand
- regulated crop production by limiting how much they grow
- destroy crops to balance the market
- did the same with livestock

Question 14

Eleanor Roosevelt

Answer 14

• She and FDR were 5th cousins
• First woman to actually get involved in politics, known as the First First Lady
• FDR couldn’t travel and around and speak, so she took over that position and traveled the world to speak on behalf of him

Question 15

Deficit Spending

Answer 15

government/people spending borrowed money since they have no money

Question 16

War of the Worlds

Answer 16

radio broadcasters were making jokes that aliens were landing on Earth, but people took it out of context or believed it as fact and spread mass panic