The Great Depression

Question 1

Good Neighbor Policy

Answer 1

FDR treated Latin and South America as equals

Question 2

Inflation

Answer 2

when there’s more money in the economy than there are goods and services

Question 3

Deflation

Answer 3

an economic condition where there are more goods and services in the economy than there is money

Question 4

Stocks

Answer 4

part ownership of a company

Question 5

Bonds

Answer 5

a loan paid back with a small amount of interest

Question 6

Buying a margin

Answer 6

paying for the price upfront, paying for the rest later (?)

Question 7

Black Tuesday

Answer 7

10/29/29 the day the stock market crashed

Question 8

GNP

Answer 8

gross national product; total amount of all goods and services produced by a country’s company during a year regardless of where it is sold (Ford selling cars in other countries & USA)

Question 9

GDP

Answer 9

gross domestic product total value of all goods and services of a country’s company in a year sold domestically
(Ford only selling in USA)

Question 10

Hoovervilles

Answer 10

homeless villages put up by the poor in public parks

Question 11

Bonus Army

Answer 11

group of WWI veterans seeking an early pension from the govt.

Question 12

Dust Bowl

Answer 12

drought like conditions in the MidWest

Question 13

New Deal

Answer 13

FDR’s plan to end the Great Depression; expanded the size of government

Question 14

Brain Trust

Answer 14

experts FDR brought in to help make the New Deal and deal with different problems

Question 15

Fire Side Chats

Answer 15

radio addresses from Roosevelt meant to calm the nation

Question 16

Bank Holiday

Answer 16

When FDR shut down the banks for four days because of the panic

Question 17

FDIC

Answer 17

Federal Deposit Insurance Corporation; government program that guarantees your deposits up to 5,000 dollars at a time

Question 18

AAA

Answer 18

Agricultural Adjustment Act; paid farmers to grow less crops

Question 19

Social Security Act

Answer 19

provides a pension for the elderly and disabled

Question 20

3 R’s

Answer 20

Relief, Reform, and Recovery; they are the basis of the “New Deal”

Question 21

Frances Perkins

Answer 21

first female cabinet member, FDR’s Secretary of Labor

Question 22

NIRA

Answer 22

National Industrial Recovery Administration; government agency that sets wages and prices for participating businesses

Question 23

Lochner v. New York (1905)

Answer 23

1905 Supreme Court case that says the government may not interfere with the relationship between the employer and employee.

Question 24

Schecter “Sick Chicken” Case (1935)

Answer 24

1935 Supreme Court case where the court rules the NRA unconstitutional, upholding Lochner.

Question 25

Court “Packing” Plan

Answer 25

proposed law by FDR to add 6 justices to the Supreme Court; never passed

Question 26

West Coast Hotel vs. Parish

Answer 26

1935 Supreme Court case that upholds minimum wage laws in Washington state, ending the Lochner era

Question 27

Executive Order

Answer 27

power of a president to change the way an existing law is enforced.

Question 28

Deficit

Answer 28

The amount of money per year that the government spends over what it takes in

Question 29

Debt