the great depression Flashcards
What were chief causes of the great depression?
installment buying, overproduction, banking crisis, black tuesday, unempolyment, prohibition.
What was roosevelt’s theory?
Prime the pump theory.
What was roosevelt’s plan?
The new deal.
What were the 3r’s in the new deal?
Relief, recovery, reform.
How did people like hoovers response?
They though he had done too little and he was blamed.
What was recovery?
To recover from depression, intermediate term.
What was relief?
Gave money and supplies right to the people.
What was reform?
Stop future depression long term.
What was Roosevelt known for?
Fireside chats?
What did banks do wrong that caused it to be a cause of the great depression?
They did a bad job of landing out loans and money investments.
What was court packing?
This was when Roosevelt wanted to add 6 judges to the supreme court. He wanted to do this to get his way and many people were against. It was unconstitutional.
Who didn’t Roosevelt do enough for?
Poor, disabled, and old people.
What human costs were there?
High divorce rates low marriage rates low birth rates, more homeless and unemployment people.
3 major signs of economic trouble that most people missed in the 1920s?
farmers overproducing, government and economy shut down, industries depressed.
What was black tuesday?
Stock market crashed, start of depression.
