The Great Depression

Question 0

What is a stock?

Answer 0

An investment
(money to make more money)
No work!

Question 1

What is stock also called?

Answer 1

Shares

Question 2

What is a corporation?

Answer 2

Type of business ownership
- big companies
Ex: Walmart

Question 3

What does more stock =

Answer 3

More ownership

Question 4

The stock market involves

Answer 4

Supply and demand

Question 5

What resulted in overproduction?

Answer 5

• making lots of stuff
• putting it in warehouses
• false reading to the invested

Question 6

Buying on margin

Answer 6

• credit
• companies weren’t doing as good as their stock seemed to be
• inflated prices due to over investment
• weren’t making hat much profit

Question 7

What date was Black Tuesday?

Answer 7

October 29, 1929

Question 8

What was Black Tuesday?

Answer 8

• the stock market crash
• people ran to sell their sticks before the price dropped to far “panic selling”
• by the end of the day trillions of dollars were lost
• “run on the banks”

Question 9

What was the cause of the Great Depression?

Answer 9

Overproduction

Question 10

How long did the GD last?

Answer 10

1929- 1942

Question 11

Who was blamed for he GD?

Answer 11

Herbert Hoover

Question 12

What are Hoovervilles?

Answer 12

Encampments of homeless people

Question 13

What were in Hoovervilles?

Answer 13

• free food
• rise in crime
• people sold apples, pencils, fruit/ veggies

Question 14

What does FDR’s famous quote mean?

Answer 14

Things are bad, and we should try everything to make it better. What do we have to lose.

Question 15

What was he new deal?

Answer 15

a plan to fix time the U.S. And end the GD

Question 16

Who was responsible for the New Deal?

Answer 16

FDR

Question 17

How did the new deal affect things?

Answer 17

It was a revolution in American society, it changed completely the way the government functions

Question 18

What did FDR believe?

Answer 18

Government legislation/ involvement was crucial to stimulate the economy

Question 19

What was step 1 of the deal?

Answer 19

Delt with the banking crisis

Question 20

What was the Banking Holiday

Answer 20

Banks shut down
Healthy banks stayed open
Unhealthy banks closed
( it made banks honest with the people)

Question 21

What was step 2 of the deal?

Answer 21

Stock market reform
Security exchange commission to police the NYSE (stock exchange)
The practice of buying on margin was regulated

Question 22

Who was the first chairman of the NYSE

Answer 22

Joseph P. Kennedy

Question 23

What was step 3 of the new deal?

Answer 23

To put more money in circulation
Went off gold standard
Wages increased
Dollar value lowered

Question 24

What was FDR's New Deal nicknamed?

Answer 24

Roosevelt's Alphabet Soup

Question 25

What were FDR's programs meant for?

Answer 25

To assist during the GD - help people - stimulate grown in the economy - prevent a future depression

Question 26

What happened in FDR's 100 days?

Answer 26

- bank holiday | - fireside chats

Question 27

What does the Security Exchange Commission do?

Answer 27

Prevents future crashes and makes sure business's is done fairly

Question 28

What did FDR do when the Supreme Court fought his New Deal?

Answer 28

He added more justices, ones hat would go along with his plans Stocked the Supreme Court in his favor

Question 29

Did the New Deal end the depression?

Answer 29

No

Question 30

What ended the GD?

Answer 30

World War 2