what were the causes of the stock market crash
-everyone buying stocks led to a bull market
-speculation fueled "get rich quick" mentality let to inflated stock values and a crash
-buying on margin
-not regulated
how did buying on margin contributed to the stock market crash
people used money and borrowed money that they didn't have and then couldn't pay it back to the banks
Goals of the new deal
stabilize the economy, help the economy recover, relieve human suffering
1st thing president roosevelt did when he went into office
made the new deal to stop the depression
Hoover's philosophy about the depression
believed that the economy would fix itself, the government should not be involved with the individual and people should care of problems on their own
what does it mean when someone says that the market is a "bull market
the market is continually rising
main causes of The Great Depression
installment plans- people could buy things that they cannot afford.
buying on margin- only applied to stock market, buying stock when you don't have enough money for it
farming economy failing- overproduction
bank failures- loaned too much
federal reserve
speculation
buying stock because you think the market is going up
Black Tuesday
October 29, 1929 the stock market crashes
why did thousands of banks collapse in the yearly years of the depression?
people took out loans that they couldn't pay back
Hawley-Smoot Tariff
protective tariff that failed because european nations passed PT's too
where people could go and get food during the GD?
food banks
what were the causes of the dust bull
hot temperatures, drought, bad farming techniques
nickname given to shantytowns
Hoovervilles
why did hoovers popularity drop in 1932
he sent in people to kill war veterans
what court case pinned Science against religion
monkey scopes trial
what amendment established prohibition
18th
what amendment established women's suffrage
19th
What amendment repealed prohibition?
21st
What limited the amount of immigrants allowed from a specific country into the U.S.?
Emergency Quota Act
What term is used to describe the large exodus of African Americans from the South to the North?
Great Migration
What name is given to the era that celebrated African American culture, music, and art during the 1920s?
Harlem Renaissance
What was the icon for young women in the 1920s?
flappers
What were the 2 criticisms of the New Deal?
too expensive, create a welfare state- trying to pack the supreme court
New Deal Program that regulated the stock market
SEC
New Deal Program that created "Bank Holidays
EBRA - Emergency Bank Relief Agency
New Deal Program that insured people's money in banks
FDIC
New Deal Program that gave government subsides to farmers to stop production that allowed crop prices to rise
AAA
New Deal Program that established minimum wage and prices of goods
NRA
New Deal Program for young men to build national parks and clean up forests
CCC
New Deal Program that created jobs and brought electricity to the rural areas of the U.S.
TVA
New Deal Program that gave jobs to artists, musicians, and writers
WPA
New Deal Program that built bridges, schools, government buildings, etc
PWA
New Deal Program that provided "safety nets" for the unemployed, disabled, elderly, and children of the unemployed
SSA
New Deal Program that provided government subsides to areas effected by a natural disaster
FERA
List the New Deal Programs that fall under the "reform" category of the New Deal.
FDIC, NRA, EBRA, AAA, SEC
Recover
TVA, CCC, WPA, PWA
List the New Deal Programs that fall under the "relief" category of the New Deal.
FEMA, SSA
explain In detail with explanations and examples, the difference between FDR's response to the GD and Hoover's response to the GD
for FDR must include criticisms
for Hoover's response use his philosophy to back up why he made the decisions he made
FDR won the election by a landslide. He had fireside chats to address worries and just talk about the future of the country. In the first hundred days of his presidency he passed laws that expanded government role in economy that became known as the New D