What was one of the causes of the Great Depression?
answers will vary (over speculation of stocks, stock market crash, overproduction of goods, run on banks, farming industry struggles, easy credit, unemployment)
Why did some people criticize the New Deal?
They said it either went too far or not far enough
What was Black Tuesday?
The day the stock market crashed
What was one of the causes of the Great Depression?
answers will vary (over speculation of stocks, stock market crash, overproduction of goods, run on banks, farming industry struggles, easy credit, unemployment)
What is a surplus?
when demand drops and goods go unsold
Banks offered _________________ so people could buy products without having cash.
Credit
What was the Bonus Army?
veterans and their family who went to Washington DC to demand their military bonuses early
What was one of the causes of the Great Depression?
answers will vary (over speculation of stocks, stock market crash, overproduction of goods, run on banks, farming industry struggles, easy credit, unemployment)
In what ways did the Great Depression negatively affect people?
answers will vary (lost all their money/savings, lost jobs or wages decreased, became homeless, couldn't repay debt, couldn't afford food)
This dam was built along the Colorado River under a New Deal public works project.
Hoover Dam
As the price of companies ____________________ were increasing, the worth of the companies was not.
stocks
What did banks do with customers money sometimes without their knowledge?
Invested the money in the stock market
How did President Roosevelt help restore confidence in banks?
bank holiday, fireside chats, FDIC
While the economy had already started to struggle, the ________________________ of 1929 made it worse.
Stock Market crash
What catastrophic weather event swept through the American plains making farming impossible?
The Dust Bowl
Banks earn money by charging ________________________ on loans.
interest
What is a fireside chat?
Radio address by President Roosevelt
What happened during the run on the banks?
Many people lost their life savings
Who was Huey Long?
Senator from Louisiana who thought the new deal didn't do enough
As businesses made less profit, workers __________________ decreased.
Wages
What were some of the New Deal public works programs that put Americans back to work?
CCC, TVA, CWA, WPA
What was the name of the homeless camps that were built up during the Depression?
Hoovervilles
During the ____________________, Congress passed 15 pieces of legislation from the New Deal.
Hundred Days