Unit 5 Great Depression and New Deal Review

When the government believes in helping people directly

• Conservative

• Radical

• Liberal

• Democrat

Homeless towns created by thousands of men who were unemployed

• Oakivilles

• Hoovervilles

• Hobos

• Hooverites

Raised interest rates on the American public to make it harder to borrow money to payback loans

• FDIC

• Local banks

• Herbert Hoover

• Federal Reserve System

Considered to be a conservative because he helped businesses directly rather than people

• FDR

• Herbert Hoover

• Dorothea Lange

• Huey P. Long

New Deal act which provided a retirement for those over the age of 65

• Securities and Exchange Commission (SEC)

• Public Works Administration (PWA)

• Social Security Administration (SSA)

• Reconstruction Finance Corporation (RFC)

Pushed for a radical "Share the Wealth" program to take from the rich and give to the poor

• Herbert Hoover

• Huey P. Long

• FDR

• Dorothea Lange

New Deal act which put to work large numbers of men on bridges, government buildings, etc.

• Reconstruction Finance Corporation (RFC)

• Tennessee Valley Authority (TVA)

• Public Works Administration (PWA)

• Agricultural Adjustment Administration (AAA)

The reason stock prices rose before the Great Depression

• Deficit Spending

• Buying on Margin

• Federal Reserve System

• Hawley-Smoot Tariff

Money loaned to banks, insurance companies & businesses to jumpstart the economy by Hoover

• Reconstruction Finance Corporation (RFC)

• Civilian Conservation Corps (CCC)

• Works Progress Administration (WPA)

• Securities & Exchange Commission (SEC)

Reason why stock market crash weakened nation's banks

• Too many bank runs to pull out people's money

• Banks closing for a "bank holiday"

• Banks holding onto people's money without loaning them out

• Banks investing people's money they couldn't pay back