Unit 9 Flashcards
1
Q
The trading of an asset that has significant risk of loss in expectation of substantial gain
A
Speculation
2
Q
President at the
onset (beginning)
of the Great
Depression
A
Herbert
Hoover
3
Q
Describe a
Hooverville
A
Shanty town made up of shacks put together using items that could be found for free/laying around.
4
Q
The practice of buying stock with little money which helped lead to the collapse of the stock market.
A
Buying on
margin
5
Q
Name causes
of the Great
Depression.
A
Farm overproduction, easy credit, buying on margin, little gov regulation of the stock market and banks
6
Q
Describe
the Bonus
Army
A
WWI veterans who marched on Washington DC demanding their war bonus promised by the government.
7
Q
Nickname
for October
29th, 1929
A
Black
Tuesday
8
Q
New York
governor who
ran for president
in 1932.
A
FDR
9
Q
The 3 Rs of
FDR’s New
Deal Plan
A
Relief,
Recovery,
and Reform
10
Q
Series of speeches given by FDR from the Oval Office in hopes of calming Americans
A
Fireside
Chats
11
Q
Who said…“The
only thing we
have to fear, is
fear itself.”
A
FDR
12
Q
Name for
Hoover’s plan for
recovery during
the Depression
A
Rugged
Individualism
13
Q
Name the
social effects of
the Depression
on Americans
A
Metal illness,
suicide, people
abandoning
their family
14
Q
New Deal programs aimed at pump priming temporary programs to restart the flow of consumer demand
A
Recovery
15
Q
New Deal programs that were short term immediate fixes to people suffering from the Depression
A
Relief
