BJUP American Republic Chapter 25 - Crash & Depression
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- What were the 4 major causes of the stock market crash of 1929?
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1. Industrial Problems
2. Overuse of Credit
3. Speculation
4. International Economic
Problems - What were conditions of the Great Depression in the 1930s?
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1. Run on Banks
2. Unemployment
3. Farm Problems - What is the "Dust Bowl"?
- The drought-stricken area of the Plains where many farmers were ruined during the depression years.
- What is a dole?
- a handout
- What was the Reconstruction Finance Corporation?
- Hoover's aid program in 1932. It could lend money to businesses to undertake projects that would employ more men.
- Who is Franklin Delano Roosevelt?
- Democratic president from 1933-1945
- What was the "New Deal"?
- Roosevelt's attempt to bring the nation relief and recovery.
- What was the "Brain Trust"?
- Roosevelt's group of advisors
- Explain "bank holiday".
- Roosevelt closed banks remporarily to stabilize banking.
- What was the Agriculture Adjustment Act?
- AAA - asked farmers to cut production to raise prices during the New Deal.
- What was the National Recovery Administration?
- NRA - tried to eliminate "wasteful competition" by regulating businesses during the New Deal.
- What was the "Civilian Conservation Corps"?
- CCC - Employed young men for public projects during the New Deal.
- What is the Tennessee Valley Authority?
- TVA - provided for public power projects on the Tennessee River in 7 southeastern states.
- What is Social Security?
- "old age insurance"
- What is a recession?
- a slump in business considered less severe than a full depression