This is The Great Depression

Franklin’s Fixer-Uppers Effects Board 1 100 The Road to Collapse Economics 101 Hoover’s Maneuvers Franklin’s Fixer-Uppers Let’s Make a Deal 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500

Franklin’s Fixer-Uppers Real Question Board 2 100 200 300 400 500 The Road to Collapse Economics 101 Let’s Make a Deal Hoover’s Maneuvers Franklin’s Fixer-Uppers

This protectionist trade policy was originally intended to help American business, but ended up hurting trade in the long run.

Tariffs (Smoot-Hawley)

This type of prosperity dominated through the 1920s in which people spent money they didn’t have.

Superficial

This term describes the risky buying of stocks, serving to drive prices up to make a quick profit.

Overspeculation

It was on this date that the Stock Market crashed.

10/29/29, or “Black Tuesday”

When people lost faith in financial institutions, they began pulling their deposits out of banks. This, in turn, caused a bank _____, which forced many banks to have to close their doors.

Run

This is the term to describe a steady increase in prices.

Inflation

With this change in price of goods may sound good at first, it eventually will lead to businesses downsizing and may increase unemployment due to lay offs.

deflation

CPI stands for this, or the average prices of goods in the market.

Consumer Price Index

This economic indicator describes the total amount of goods and services that a country produces.

Gross Domestic Product

The Federal Reserve serves as the U. S The Federal Reserve serves as the U.S. banking system and functions to influence our spending activity by setting the rate at which banks can borrow and the minimum amount of deposits they must hold. These are called the ____ and ____.

Discount Rate; Reserve Minimum

Hoover was a member of this political party, whose philosophy was based on the policy of “Laissez Faire”

Republican

When the Great Depression hit, Hoover encouraged people to maintain confidence in the economy because all economies naturally go through these, or periods of booms and busts.

Cycles

Hoover refused to provide direct relief because he believed in _________ ____________, or the idea that man should work independently to become successful rather than relying on his government to relieve him.

Rugged Individualism

The Reconstruction Finance Corporation was created with the intention to provide relief to large banks and corporations, figuring that the money would ______ _____ to the employees, eventually providing indirect relief.

Trickle Down

The Bonus Army appeared in Washington to support this bill, which would’ve granted veterans money in 1933 rather than making them wait until 1945.

Patman Bill

During the Lame Duck period, FDR brainstormed with his close advisors, nicknamed the:

Brain Trust

Within his first few days of office, FDR declared this in order to prevent further withdrawals from and investigate the policies of banks.

National Bank Holiday

This amendment repealed prohibition in order to raise revenue from the tax on alcohol.

21st

This act created the FDIC to insure deposits up to $5,000 This act created the FDIC to insure deposits up to $5,000. Today, the number stands at $250,000.

Glass-Steagall

This body negated some of the work that FDR completed during his first “New Deal” by striking down the NIRA and the AAA.

Supreme Court

This was the name of FDR’s second wave of legislative action in order to replace the laws that were overturned due to unconstitutionality.

The Second New Deal

FDR created work programs to put citizens to work FDR created work programs to put citizens to work. Three examples of these federally-funded programs were:

CCC, WPA, PWA

This act replaced the NIRA, creating a board that faced up against the Laughlin Steel Corps.

National Labor Relations Act

This act provided electricity to rural areas.

Rural Electrification Act

This woman is known for her contribution to the Social Security act, which created old-age relief funds and unemployment wages.

Frances Perkins

Final Jeopardy!!!!!!!!!!!! Name FDR’s three main goals for economic recovery and give an example of each.