GREAT DEPRESSION NEW DEAL

What are the 3Rs of the New Deal?

Relief, Recovery, Reform.

What was the New Deal?

A series of programs and policies introduced by FDR to combat the Great Depression.

Who was FDR’s wife and why was she significant?

Eleanor Roosevelt; she was significant for her advocacy for civil rights and her role in social reform.

What event is referred to as Black Tuesday?

The day the stock market crashed on October 29, 1929.

What is buying on margin?

The practice of purchasing stock with borrowed funds.

What does Bull Market mean?

A market condition characterized by rising prices.

What does Bear Market mean?

A market condition characterized by falling prices.

What was Hoover’s Response to the Great Depression?

He implemented limited government intervention and relied on voluntary actions from businesses.

What was the Hawley-Smoot Tariff?

A tariff act that raised duties on imports and worsened the Great Depression.

What was the significance of the Election of 1932?

It marked the defeat of Herbert Hoover and the election of Franklin D. Roosevelt.

What did the Bank Holiday accomplish?

It temporarily closed banks to prevent further bank runs and restore public confidence.

What is the Court Packing Plan?

FDR's controversial proposal to expand the Supreme Court by adding justices.

What were Hoovervilles?

Shantytowns built by homeless people during the Great Depression.

What was the Dust Bowl?

A severe drought that affected the Great Plains, worsening the Great Depression.

What does WPA stand for?

it provided jobs for millions of Americans.

What is the SEC?

it regulates the stock market and protects investors.

What is the purpose of the FDIC?

it insures deposits in banks.

What does CCC stand for?

provided jobs for young men in conservation projects.

What is the TVA?

created to provide navigation, flood control, electricity generation, and economic development.

What is the SSA?

established a system of old-age benefits and unemployment insurance.

What are New Deal programs?

Federal programs to help recover from the Great Depression.

Who was part of FDR's Brain Trust?

A group of advisors who helped develop the policies of the New Deal.

What were Fireside Chats?

Radio broadcasts by FDR to communicate directly with the American public.

What is the CWA?

it provided jobs in the winter of 1933-34.

What does AAA stand for?

program to raise crop prices by controlling production.

Relief:

Immediate and temporary. Provided emergency relief for unemployed Americans.

Recovery:

Long-term but not permanent. Meant to get industry and agriculture back on its feet and keep Americans from losing homes.

Reform

Permanent changes made to solve some of the issues that created the Depression. These programs still exist today.