Test studier
Ch. 14:(Three of these-10 points each)
1. Causes of the Stock Market Crash
-people stoped buying american products
-stocks were overpriced
-people borrowed money then bought stocks and when stocks went down they lost thier money
-Federal Reserve raised Intrest Rates (so peolpe would buy things as much, which made things worse)
-people werent buying bigger goods as much
-massive fraud and illigal activity on the stock market
2. Causes of the Great Depression
-the stock market crash*
-banks closed and jobs were lost
-Holly Smoot Tarrif
-riased taxes by a lot
-they wanted americans to buy american
-People werent buying goods
-Banks failed
-WWI Payments from other countries
-overproduction of goods
3. Describe the problems that people had in the cities and the rural area.
Cities
-Women could not get jobs
-Bread and Soup lines
-people lived in shacks
Rural areas
-Farmers could not pay mortgages and had to move to cities
--crop prices went way down
-1917 we went to war so farmers plant lots for food for soldiers, and they kept doing that in the 20's
-farmers lost thier houses from forclosures
-400,000 farms were lost because of forclosures
-They could grow thier food, and can it
-women had to learn how to plant
4. Describe what Hoover did to help with the Great Depression.
-boulder dam project
-spoup kitchens and breadlines
-passed some acts like RFC- reconstruction Finance Corperation
5. What made Hoover so unpopular during his presidency?
- people say he didn’t do much
-and he belived that the governement should stay out the the econom
Ch. 15:
Two of the following-Ten points each:
Describe the cycle of the Great Depression.
-demand goes down, buisnesses lose money, people get fired and don’t have money to spend, so demand goes down.
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
1st
- -based on the three R's
-consisted of economic programs
-FDR knew america needed confidence and economic stability
-deals with bankers, realiroad, buisness industry, and farmers
2nd New deal
-called for different objectives that the first new deal
improve use of resources, and others
-formed Social Security Act, and the Works Progress Act
Why did people criticize the New Deal?
-They thought Roosevelt was doing, and spending too much
-Hewy Long
Why was FDR upset with the US Supreme Court and what did he do to try to solve this issue?
-He was worried that the court would call his acts unconstitutional
- -they invalidated the NIRA and in 1936 the AAA
-FDR thought the court would declare other important acts unconstitoinal
-for every justice over 70 FDR wanted to add a new justice in the court
-This wanst passed becuase people didnt want the president to have all the power
Four of the following-Ten points each:
How did the New Deal help:
unemployed- it formed the NRA, Federal Emergency Relief Act (FERA), Public Works Administration
Farmers- REA, Farm Security Administration
factory workers/labor- Wagner Act
young people- National Youth Administration
banks- Emergency Banking Relief Act
stock market-
businesses-
home owners- Federal Housing Administration, United States Housing Authority
elderly- Social Security Administration
Native Americans- Indian Reorganization Act
Two of the following-Five points each:
Key terms:
Hundred Days-1st hundred days of Roosevelts Presidency
fireside chats-Chats that Roosevelt would give over the radio saying how the country was doing, and it felt like he was there in your house
priming the pump- Takes action by spending money in the commercial sector, cutting taxes, or reducing interest rates.
deficit spending-when people would borrow money from the bank and use it to buy stocks then stocks would fail and they would lost money
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