The Great Depression And Farmers Flashcards
1
Q
Why did president Hoover decide not to involve the government more to help with alleviating the Great Depression?
A
He didn’t want the government to be blamed
2
Q
What was the goal of the new deal?
A
Relief for the needy, recover from the faulty economy, and reform of the American financial system
3
Q
What is the SEC (security and exchange commission) and the FDIC ( federal deposit insurance cooperation)?
A
The SEC was created to regulate the stock market and the FDIC protects depositors’ accounts
4
Q
What caused the start of the Great Depression?
A
Stock market crash on October 29th 1929
