The Great Depression & The New Deal

Which event occurred on Black Tuesday?

• many factories closed

• many banks closed

• many people lost their homes

• the stock market crashed

What is the stock market crash also known as?

• Rainy Tuesday

• Big Recession

• Black Tuesday

What was an effect of the stock market crash?

• The Enormous Melancholy

• The Great Depression

• The Big Sadness

• The Large Recession

Who did people blame for the crash?

• Commercial Banks

• Herbert Hoover

• Germany

• The Dust Bowl

What is the stock market?

• A place to buy and sell stock.

• A business located on Main Street New York

In 1929, the United States entered an economic slowdown called the Great Depression. One of the early events was the stock market crash. What was a major cause of the stock market crash?

• Stock prices went up so fast that investors could not keep up with the changes.

• Stock prices fell, investors panicked and sold their stocks, which led to more panic.

• The government decided to close the stock market in New York.

When the stock market crashed in 1929, Herbert Hoover was president of the United States. The president who followed President Hoover began the New Deal, a program to help people during the Great Depression. This president was

• Warren Harding

• Calvin Coolidge

• Franklin Roosevelt

What is a "bank run?"

• another name for the Buttonwood Agreement

• when a large group of people try to go and withdraw all their money from their bank at the same time

• when the bank runs out of money

Which US President helped create the FDIC which is still protecting bank money today?

• George Washington
• Thomas Jefferson
• Ben Franklin
• Franklin Roosevelt

The aftermath of the Stock Market Crash of 1929 included

• the closing of banks

• low rate of unemployment

• credit bailouts