Ch. 15 Test Topics
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
3 R's
1)Relief - relief of the people that done have jobs or money
2)Reform - banking system and econonimal system needed to be reformed
3)Recovery - recover from the Great Depression
New deal: FDR's plan to get us out of the Great Depression
1st New Deal: focus: they wanted to focus on helping top down. (trickle down theory) they'd help businesses and banks and it would trickle down to help everyone
2nd New Deal: focus: bottom up. if they could get people jobs they would get money and start spending it which would help businesses.
Why did people criticize the New Deal?
Why was FDR upset with the US Supreme Court and what did he do to try to solve this issue?
How did the New Deal help:
unemployed
farmers
factory workers/labor
young people
banks/business
home owners
elderly
Native Americans
Describe the culture of the 1930's.
Key terms:
Hundred Days-Roosevelt promised he'd get a lot done in his first 100 days
fireside chats-Roosevelt used the radio to talk over the radio to communicate to everyone.
priming the pump-priming the pump lead to defecit spending. (water wells). priming the pump meant that the government was going to put money out in the economy to get it to start "flowing"
deficit spending-spending more money then you take in
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