Great Depression Quiz Flashcards
Great Depression
Severe economic crisis
Stock Market crash
Official beginning of the Great Depression
Hooverville’s
Unemployed men
Herbert Hoover
Us president at the beginning of the depression
First things that Franklin D. Roosevelt did
1- Emergency Bank act: to stabilize the banks
2- Roosevelt encouraged people to put their money back in the bank
3- Programs
FDIC
(Federal deposit insurance corporation) = Money in protected
Fireside Chats
Roosevelt talked with the people in the radio
Brain Trust
Businessmen
New Deal
Federal economic programs
3 R’s
-Relief
-Reform
-Recovery
Public Works program
JOBS ($5 a month)
Social Security Program
Money for people retirement
The Dust Bowl: 1930’s
Worst drought in the American History (1930 - 1936)
“Okies”
People who migrated to California
Hobo: “Riding the rails”
Migratory worker
Franklin D. Roosevelt
Democrat
Causes of the Great Depression
1- unequal distribution of wealth
2- overproduction in industry
3-High Tariffs
4-easy credit
5-stock market crash (Black Tuesday)
Facts about the Great Depression
1- 25% was unemployment
2- 50% banks closed
3- 40% of business closed
Major programs
1- Public Works program: JOBS - 5$ a month
2- Social Security Program: money for people retirement