The Great Depression/WWII

Question 1

Black Tuesday

Answer 1

• October 29th, 1929
• Stock Market Crashes
• Banks collapsed
  
  • people lost their money over night
  • this was before FDIC

Question 2

FDIC

Answer 2

• Federal Deposit Insurance Corporation
• If a bank collapses, you’re garenteed to get some money back

Question 3

Reconstruction Finance Corperation (RCF)

Answer 3

• Paid some businesses so they can have more money to pay for more employees

Question 4

Emergency Relief Act

Answer 4

• Opened up funds from the RFC for local and state governments

Question 5

Federal Reserve

Answer 5

• Increased interest rate
  
  • caused more banks to collapse

Question 6

Reparation Cycle

Answer 6

• US paided Germany, Germany paid France/Brittan, France/Brittan paid US
• Because of the depression the US wasn’t able to Germany anymore

Question 7

New Deal

Answer 7

• Proposed by FDR
• A plan for more government involvement to help people earn more money

Question 8

Emergency Banking Acts

Answer 8

• Gave president a lot of power over banks
• Banks needed permission from government to open

Question 9

Brain Trust

Answer 9

• FDR chose a group of people he trusted to help him with his decision making

Question 10

First 100 Days

Answer 10

• First 100 days of FDR’s presidency where he pushed through legislation
  
  • Legislation was aimed at relief for workers

Question 11

Civilian Conservation Corps. (CCC)

Answer 11

• Hired young men to work on repairing/protecting the natural resources
  
  • They got paid $30 a month, but had to send $25 back home