The Great Depression & The New Deal

Question 1

Herbert Hoover

Answer 1

President when the stock market crashed. Was unpopular because he didn’t want too much government interference.

Question 2

On Margin

Answer 2

Buying stock by paying a small down payment and borrowing the rest. Buyers hoped that the stock value would go up and they would make a profit.

Question 3

Speculation

Answer 3

Risky business practice done with the hope of making a quick profit.

Question 4

Securities

Answer 4

Stocks and bonds

Question 5

Franklin Roosevelt

Answer 5

President in 1933, Developed New Deal, popular for fireside chats and being open with the public. Was elected for four terms and was a pragmatist.

Question 6

Stock (Shares)

Answer 6

A percentage of ownership in a company

Question 7

Black Tuesday

Answer 7

October 29, 1929 - day the stock market crashed

Question 8

Social Security Act

Answer 8

Government program to provide money to those unable to work especially the elderly.

Question 9

Foreclosure

Answer 9

Bank taking away a property if the mortgage payments are not made.

Question 10

Eleanor Roosevelt

Answer 10

Very active First Lady, ears and eyes of the White House, helped women, African Americans, children and workers, became the U.S. Representative in the U.N.

Question 11

Huey Long

Answer 11

Senator from Louisiana, critic of FDR, wanted to heavily tax the rich and give to the poor. He believed government should provide house and money. He was assassinated

Question 12

Frances Perkins

Answer 12

First female cabinet member, secretary of labor.

Question 13

Dr. Townshend

Answer 13

Critic of FDR proposed a plan to give the elderly a pension of $200 a month which they would have to spend within 30 days to help stimulate the economy.

Question 14

Brain Trust

Answer 14

Economists, lawyers and political scientists from Columbia University who advised FDR.

Question 15

Dole

Answer 15

Direct gifts of money, food, clothing, etc.

Question 16

Deficit spending

Answer 16

Government practice of spending more money than it receives in taxes.

Question 17

Pump Priming

Answer 17

Government money invested into the economy to stimulate economic recovery.

Question 18

AAA

Answer 18

Agricultural Adjustment Act. Farmers were paid to produce less. Reliefs because money was given and Recovery because it fixed supply and demand.

Question 19

CCC

Answer 19

Civilian Conservation Corps. Young, single men were hired to complete environmental projects. Relief because money was being given to workers and families.

Question 20

FDIC

Answer 20

Federal Deposit Insurance Corporation. Government insures that depositor savings will be given back. Reform because it was a percent change.

Question 21

What were the three goals of the New Deal?

Answer 21

Relief
Recovery
Reform

Question 22

What was FDR’s philosophy and leadership style?

Answer 22

He believed in a practical approach to problem solving. He got advice from many people. People felt like they knew him and he felt that the government had an obligation to help the people.

Question 23

How did the New Deal impact African Americans?

Answer 23

African Americans were hit badly by the New Deal. Many programs discriminated against them and they were kicked off farms because they weren’t needed anymore.

Question 24

Communists

Answer 24

Wanted an economy that was planned and run by the government. They wanted to do this through violence.

Question 25

Socialists

Answer 25

Wanted an economy that was planned and run by the government. They wanted to do this peacefully.