Great Depression Flashcards
(24 cards)
When the great depression began, what did Hoover say?
“Prosperity was just around the corner.”
When was Hoover president
1929-1933
What were Hoovervilles
Towns with make shift homes made out of boxes
Why didn’t Hoover give more aid to people
He did not want Americans to be too dependent on government
What was the Bonus Army
WW1 vets that marched on Washington to receive their bonus pay for fighting in the war
When was FDR president
1933-1945
What did FDR say about the Great depression
The only thing we have to fear is fear its self
Who was FDR married to
Eleanor Roosevelt
What was the name of the plan implemented by FDR during the depression
New Deal
What was thee radio addresses that FDR delivered to the people
fireside chats
What types of standard of living did most americans have during the great depression
very low
FDR new deal-Federal work programs
civilian conservation corps (CCC) jobs for unemployed men ages 18-25
Farm assistance program
agricultural adjustment administration (AAA) regulated farm production and promoted soil conservation
public works admin
public works admin (PWA) awarded contracts to construction companies. ).
What was the new deal
a series of government programs designed to help those in need
Civil works admin (CWA
hired workers directly to build or improve various public services
Tennessee Valley authority (TVA)
designed to run electricity to rural areas
insurance for band deposits
federal deposit ins corp (FDIC), money deposited into banks is still insured. still used today
3 things how the New Deal help end the Great Depression
- Unemployment rate dropped
- Number of bank closures decreased
- Number of business failures dropped
Labor rights
part 2 of new deal-national labor relations board (NLRB) It established a 40 hour work week and abolished child labor
social security
part 2 of new deal. americans pay a percentage of their salary for their entire working life. It provides security in the form of a monetary befit to the elderly, disables and unemployed. Still used today
6 causes of the Great Depression
- Over speculation of land and stock
- High tariffs on imports
- Inaction of the Federal Reserve
- Stock market crash 10/29/1929 (BLack Tuesday)
- Excessive borrowing-Buying on margin-to pay part of a stocks worth and borrows the rest
- Installmnet buying (used to buy labor saving devices)
6 effects of the Great Depression
- High unemployment
- Homelessness
- Hoovervilles
- Business failures
- Bank failures
- Hunger
6 points to explain a dust bowl
- severe drought so farmers lost crops
- poor farming techniques so land didn’t produce crops
- Farmers could not pay for land and lost farms. Became migrant workers and needed the government to survive
- Dust storms swept across the region to the east coast
- Dust bowl hit botht he Midwest and southwest region
- John Steinbeck wrote the Grapes of Wrath about the dust bowl