Great Depression and New Deal Study Guide

Farmers boost production to sell more;

prices drop further

People________ due to rising prices, stagnant wages, credit debts

take out loans

Many people buy goods on ______ (buy now, pay later) 

credits

70% of families earn  

less than minimum wage

1920s, stock prices _____; people rush to buy stocks, bonds

lower

October 29 or _____ _______ market, nation’s _____ ______ plummet

Black Tuesday, Stock Market

_____ ________ —economy plummets, unemployment skyrockets - lasts from 1929–1940 

Great Depression

Banks that invested in stocks fail; people;

lose money

What were shantytowns?

Towns of shack 

Where was the dust bowl?

North Dakota to Texas

What is direct relief?

When you get money and or food from the government

Poor diets, health care lead to serious health problems in

children

People give up health care, college

and having kids 

Who was president at the start of the Great Depression?

Herbert Hoover

Many experts believe depressions a normal part of

business

Did Hoover think people should be able to depend on government assistance

No

As economic problems increase, _________ blamed

republicans

What did the Bonus Army want and what happened to them?

They wanted a payment for their service, but they were gased

Who won the election of 1932?

FDR 

___ ____ relief for needy, economic recovery, financial reform 

New Deal

FDR gives _______ ____ —radio talks explaining New Deal measures 

Fireside chats

Glass-Steagall Act establishes ____

FDIC

___ created to regulate stock market

SEC

_____ —spending more money than government takes in 

Deficit

By 1935, economic recovery

starts

First Lady _______ _________, a social reformer, prods president

Eleanor Roosevelt

What groups voted for democrats for the first time in 1936

African Americans

Resettlement Administration gives loans to small farmers to

grow food and make a profit

What 3 things did the Social Security Act provide

Money to old folks, retired folks, and disabled folks

By 1935, two in three homes owned a ____ and by the end of the decade, about nine in ten did.

radio

What classic American movie from 1939 was a romance set in the South during the Civil War?

Gone with the wind

Where were the 1936 Olympics held?

Berlin

_____ _____ became the first woman to fly alone over the Pacific Ocean in a round trip from Hawaii to the U.S.

Amelia Earhart

When Americans went to the movies during the Great Depression, they did so as a means of

escapism

The most famous novel of the 1930s was John Steinbeck’s

The Grapes of Wrath

Federal government goes __ ___ to create jobs, give aid

to war

Massive spending on equipment, ___ supplies for end Depression 

WW2