The Great Depression

Question 0

What percent of the population had no income?

Answer 0

28%

Question 1

What is the Great Depression?

Answer 1

It was a time in the US when there was little money and no growth.

Question 2

What percent of the people on government relief were children?

Answer 2

40%

Question 3

How many children in 1932 could not attend public schools because of the lacked funds to open?

Answer 3

1/3 million

Question 4

How many people went without homes or work?

Answer 4

2 million

Question 5

When people were hungry and homeless who and what did they turn to?

Answer 5

Soup kitchens and “Hoovervilles”

Question 6

What are “Hoovervilles”?

Answer 6

A town built by homeless people during the Great Depression named after the US president Herbert Hoover.

Question 7

What were the 3 reason for the Great Depression?

Answer 7

1) The Stock Market
2) Business Practices
3) Bank Failures

Question 9

During the 1920s people wanted to make money quick in the stock market using what two things?

Answer 9

1) Overspeculation

2) Buying on Margin

Question 10

What is overspeculation?

Answer 10

To buy stock that is high risk so you make a large profit when you sell it (get rich quick scheme)

Question 11

What is margin?

Answer 11

buying shares of stock with borrowed money that is to be repaid when the shares are sold.

Question 12

What happened on October 24, 1929?

Answer 12

Thousands of investors wanted to sell their stock but not buy any

Question 13

What happened on October 24, 1929 or “Black Tuesday”?

Answer 13

The stock market crashed and nearly everyone lost money.

Question 14

What was happening with business practices?

Answer 14

Industries were producing more goods than they could sell and high tariffs discouraged international trade.

Question 15

What were the bank failures?

Answer 15

No government regulations , 25%of banks failed, and federal reserve failed to prevent banks from collapsing.

Question 16

How many workers were without jobs?

Answer 16

1/4

Question 17

Farmers incomes fell to what level?

Answer 17

low

Question 18

What president came up with the brilliant plan to save everyone?

Answer 18

Franklin Roosevelt

Question 19

What were the 3Rs of Roosevelt’s program and what did each mean?

Answer 19

1) Relief: Give food and shelter
2) Recovery: Creating jobs for a long term economic recovery.
3) Reform: Preventing future economic disasters through refrom.

Question 20

What is the 1933 Reconstruction Finance Corporation?

Answer 20

Federal loans to business and banks

Question 21

What is the 1933 National Industrial Recovery Act?

Answer 21

Allowed business to set price, wage, and production values.

Question 22

What is the 1933 Agricultural Adjustment Act?

Answer 22

Paid farmers to plant less and raise crop prices.

Question 23

What is the 1933 Civilian Conservation Corporation?

Answer 23

Employed young men in reforestation and construction.

Question 24

What is the 1933 Public Works Administration?

Answer 24

Construction projects provided work relief to poor.

Question 25

What is the 1933 Glass Steagall Act?

Answer 25

Insured bank deposits; seperated commercial and investment banking.

Question 26

What is the 1933 Tenessee Valley Authority?

Answer 26

Brought electricity to rural areas and stopped devastating floods.

Question 27

What is the 1935 Social Security Act?

Answer 27

Guarenteed eligible works a pension, unemployment insurance, aid to disabled and widows with dependent children.

Question 28

What is the 1935 Wagner Act?

Answer 28

Offered government protection to unions

Question 29

What is the 1935 Works Progress Administration?

Answer 29

Extensive public works programs, employed 8 million from artists to construction workers.

Question 30

What is the 1938 Fair Labor Standards Act?

Answer 30

Established federal minimum wage and maximum weekly hours.