📉 Great Depression & New Deal Flashcards
(10 cards)
What was a major economic indicator of 1920s prosperity?
Stock market boom and increased consumer spending.
What happened on Black Tuesday (Oct. 29, 1929)?
The stock market crashed, triggering the Great Depression.
What actions did FDR take early in his presidency?
Bank holiday, Emergency Banking Act, New Deal programs.
What was the goal of New Deal employment programs?
Create jobs and stimulate the economy through public works.
What were FDR’s Fireside Chats?
Radio broadcasts to reassure and inform Americans.
What was the environmental disaster of the 1930s?
The Dust Bowl – drought and poor farming caused severe erosion.
Who was Frances Perkins?
First female cabinet member; U.S. Secretary of Labor.
What happened to the federal deficit between 1932–1936?
It grew significantly due to New Deal spending.
What did John Maynard Keynes believe in?
Government should spend more during economic downturns to stimulate demand.
What was a major labor law of the New Deal era?
The Wagner Act (1935) – protected workers’ right to unionize.
