Great depression

Herbert Hoover
Q: What was Herbert Hoover's approach to the Great Depression?
A: Believed in limited government intervention, thought the economy would recover on its own.

Franklin Delano Roosevelt (FDR)
Q: What was Franklin Delano Roosevelt's approach to the Great Depression?
A: Advocated for government intervention (New Deal) to combat the Depression and provide relief.

Bonus Army
Q: What was the Bonus Army?
A: 1932 protest of WWI vets demanding early bonus payments.

Hoovervilles
Q: What were Hoovervilles?
A: Shantytowns named after Hoover, built during the Great Depression.

Hawley-Smoot Tariff Act
Q: What did the Hawley-Smoot Tariff Act do?
A: 1930 tariff that worsened the Depression by reducing global trade.

Bull Market
Q: What is a bull market?
A: A period of rising stock prices.

Buying on Margin
Q: What is buying on margin?
A: Borrowing money to buy stocks, leading to financial instability.

20th Amendment
Q: What was the 20th Amendment?
A: Moved presidential inauguration date to January 20 (1933).

FDIC (Federal Deposit Insurance Corporation)
Q: What does the FDIC do?
A: Insures bank deposits to prevent bank failures.

CCC (Civilian Conservation Corps)
Q: What did the CCC do?
A: New Deal program providing jobs in environmental conservation.

AAA (Agricultural Adjustment Act)
Q: What did the Agricultural Adjustment Act do?
A: Aimed at raising crop prices by reducing supply.

WPA (Works Progress Administration)
Q: What did the WPA provide?
A: Public works jobs during the Great Depression.

National Labor Relations Act (Wagner Act) of 1935
Q: What did the Wagner Act do?
A: Protected workers' rights to unionize and bargain collectively.

Social Security
Q: What was the purpose of Social Security?
A: To provide financial support to retirees and the disabled.

New Deal
Q: What were the goals of the New Deal?
A: Relief, Recovery, Reform. Opposed by those who believed it expanded government too much.

Second New Deal
Q: What was the Second New Deal?
A: 1935-1938 programs focused on social welfare and economic reform.

FDR’s Fireside Chats
Q: What were FDR’s Fireside Chats?
A: Radio addresses where FDR explained his policies to the public.

Black Tuesday
Q: What happened on Black Tuesday?
A: Stock market crash on October 29, 1929, marking the start of the Great Depression.

Great Depression
Q: What were the causes of the Great Depression?
A: Stock market crash, bank failures, and high unemployment.

Dust Bowl
Q: What was the Dust Bowl?
A: 1930s drought and dust storms in the Great Plains, worsening the Depression.

Extra Questions
Q: What was the significance of the New Deal programs on the U.S. economy?
A: It aimed to provide relief, recover the economy, and reform the banking and financial systems.

Q: How did the Great Depression affect different social groups?
A: Farmers struggled due to crop failures, workers faced high unemployment, and African Americans faced discrimination in New Deal programs.

Q: What role did the Federal Reserve play in the Great Depression?
A: The Federal Reserve's tight monetary policy worsened the Depression by limiting the money supply.

Q: How did the stock market crash of 1929 lead to widespread economic problems?
A: The crash caused a loss of wealth, reduced consumer spending, and led to widespread bank failures.