New Deal Review
What event is most associated to the start of the Great Depression?
1929 Stock Market Crash--'Black Tuesday'
What contributed to the farming crisis in the late 1920s?
Overproduction and surplus goods in the face of shrinking consumer demand.
What is the method of paying a small percentage of stock with a down payment and borrowing the rest?
Buying on Margin
What was the purpose of the Hawley-Smoot Tariff?
Protective tariff designed to protect American farmers and manufacturers from foreign competition.
Who won the presidential election of 1928? Why?
Herbert Hoover. The people related to him
What did people call shantytowns?
Hoovervilles
What act of nature influenced the westward migration of people from the Great Plains?
Dust Bowl
What was a long-range psychological effect of the bank failures of the Great Depression?
Habits of saving and thriftiness
What photographer took iconic images and that of a mother in fear of the uncertainty of the Depression?
Dorthea Lange
How were minorities treated during the Depression?
High unemployment, low wages, and increase discrimination.
What philosophy did Hoover believe in regarding the Depression?
Rugged Individualism--Comsumers must heal themselves rather than the government.
She promoted the New Deal and human right issues . . .
Eleanor Roosevelt
How did most Americans feel based on the Hoover Administration.
Americans were ready for change! Hated Hoover!
Who stated, 'In times of economic depression it is the responsibility of the government to provide direct relief.'
Franklin D. Roosevelt
What was the Bonus Army? How did Hoover react to the Bonus Army?
A group of veterans protesting for their bonus checks A group of veterans protesting for their bonus checks. Hoover refused to help them, he ordered the army to send them away.
What action did FDR take during his first days in office to show the federal governments willingness to relieve economic crisis?
Glass-Steagall Act or 'Banking Holiday'
Why was the Tennessee Valley Authority created?
It improved economic conditions by providing flood control and electricity for rural areas.
What program was designed to regulate abuses in the stock market?
Securities and Exchange Commission
Which New Deal program insured individual bank accounts up to $5000?
Federal Depository Insurance Contribution Act