Great Depression Check for Understanding

Period of time beginning in 1929 and lasting through the 1930s where people lost jobs and didn’t have enough food; the economy took a downfall

• The Great Depression

• The Great Recession

• The New Deal

President (Republican) during the 1929 stock market crash.  Believed cities, states, and banks should try to lead in the recovery before the federal government because the fear of a growing national debt. Did little to improve the economy

• President Herbert Hoover

• President Franklin D. Roosevelt

• The New Deal

October 29, 1929 Stock Market crash

• Black Tuesday

• Black Friday

• Black Market

shantytowns, communities of makeshift shacks on unused or public land nicknamed after President Herbert Hoover

• Hoovervilles

• Rooseveltvilles

• margin call

drought-related conditions in the Great Plains states.

• Dust Bowl

• Acai Bowl

• Duster

A drought was _________________________________.

• A period of heavy rain and flooding.

• A period that was extremely dry and dusty.

• A period where people experienced a bountiful harvest.

Which of the following did NOT lead to the Dust Bowl?

• A severe drought.

• Soil was used for growing wheat.

• Land was used for cattle.

• The government planted trees.

Why did the stock market collapse in 1929?

• Only wealthy Americans invested in the stock market

• Investors inflated prices, and then sold shares very cheap, losing money

• Investors refused to invest in the stock market

• Investors bought shares cheap, and then sold stocks at a high price

Hoover established the Reconstruction Finance Corporation to

• establish new public works projects.

• provide relief to farmers.

• provide loans to businesses.

• regulate the banking industry.

Which of the following was created by FDR to insure that all bank deposits so people could no longer olose their money in the banks?

• Federal Deposit Insurance Corporation (FDIC)

• Tennesse Valley Authority

• Social Security Act

• Wagner Act