depression quiz makeup Flashcards
1
Q
Roosevelt
A
New deal more gov involvement fireside holiday banking relief recovery reform deficit spending theory
2
Q
Hoover
A
trickle down theory less government involvement mostly European problem phase of cycle rugged individualism volunteerism
3
Q
Great D legacy
A
New deal social security economic safeguards banking safeguards antitrust reinforcement
4
Q
ww2 causes
A
unequal wealth distribution stock market speculation buying on margin excessive credit raised interest rates hawley tarrifs consumer durable goods overconsumption global economy, europe interconnected lack gov oversight, regulations
5
Q
unregulated 20s
A
supply outstrip demands (EDG)
stop buying, so factories stop making and hiring, so people stop making money
cycle slows then stops
people run on bank but bank spent all and lost money
property taken as payment and people homeless
hoovervilles and hoover as president
6
Q
new deal weaknesses and strengths
A
strength
fixed banking, reforms, jobs
weaknesses
debt, deficit spending common, expand goutride
