Depression 2
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- How can you make money on the stock market?
- Buying a stock from a company and having that stock increase in value
- List 5 causes of the Depression
- Overproduction, installment buying, uneven distribution of money, high tariffs, world-wide distribution of trade after WWI.
- What is meant by Overproduction?
- Overproduction is when business or manufactures produce more than what is being bought
- What is meant by Uneven distribution of money?
- During the 1920's money was distributed unevenly between the rich and middle class and between industry and agriculture
- What is meant by High tariffs?
- The US increased tariffs(taxes) on imported goods from Europe by up to 100%. This caused lack of imported goods.
- Name the 3R's of the New Deal
- Relief, Recovery, Reform
- Give an example of a Relief program
- FERA - Federal Emergency Relief Administration
- Give an example of a Recovery program
- FCA - Farm Credit Administration
- Give and example of a Reform program
- FDIC - Federal Deposit Insurance Corp.
- Name all the New Deal measures that were meant to help farmers
- deficit spending, raise taxes, increase inflation
- What was good and what were the criticisms of the AAA?
-
Pros - Helped farmers have money to spend
Cons - High prices passed to consumers - Who was supposed to be helped by the New Deal program CCC?
- 18-25 year olds
- Who was supposed to be helped by the New Deal program FDIC?
- Investors
- Who was supposed to be helped by the New Deal program Social Security?
- Old aged and handicapped
- Who was supposed to be helped by the New Deal program FCA?
- Farmers
- Define "pump priming"
- to stimulate the economy, the idea was for the govt. to pump money into the economy to get it going again
- How was TVA socialism?
- Because it is government owned
- Why did the FDR "court packing scheme" fail?
-
Because people did not want the President to have so much authority
The didn't want the 3 branches being messed with - List 3 ways that the New Deal was financed
- Inflation, deficity spending, raising taxes
- Who was the President when the stock market crashed?
- Herbert Hoover
- Who was the Democratic President elected in 1932 and 1936?
- FDR
- Author of the Grapes of Wrath?
- John Steinbeck
- Clarinet player know as the "King of Swing"?
- Benny Goodman
- Who said "the only thing we have to fear is fear itself"?
- FDR
- Founder of the FBI?
- Attorney General Charles Bonaparte under President Teddy Roosevelt
- Most famous criminal of the 1930's?
- John Dillinger
- Ran the WPA
- Harry Hopkins
- Ran the PWA
- Harold Ickes
- President from 1896-1900, 1900-1901
- William McKinley
- President from 1901-1904, 1904-1908
- Theodore Roosevelt
- President from 1908-1912
- William Taft
- President from 1912-1916, 1916-1920
- Woodrow Wilson
- President from 1920-1924
- Warren Harding
- President from 1924-1928
- Calvin Coolidge
- President from 1928-1932
- Herbert Hoover
- President from 1932-1936, 1936-1940, 1940-1944, 1944-1945
- FDR
- Reform program which built dams and power plants in Tennesee
- TVA
- Reform program that urged business to adopt a "code of fair practices"
- NIRA - National Industrial Recovery Act
- Reform program that made banks prove they could operate soundly before they could reopen
- Emergency Banking Act
- Reform that encouraged farmers NOT to produce
- AAA
- What country had a civil war in the 1930's and who gained power?
- Spain - Francisco Franco
- What treaty does Adolf Hilter renounce?
- Treaty of Versailles
- What happens to Adolf Hitler after he renounces the treaty of Versailles?
- He is thrown in jail and writes Mein Kampf
- What country does Adolf Hitler invade in 1938?
- Austria