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31 Cards in this Set
- Front
- Back
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What event officially started the great depression |
Stock market crash |
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What event ended the great depression |
WW2 |
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Why did WW2 end the great depression |
Need for jobs - economic boom |
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What did the bankers do to try to stabilized the stock market after its dip |
Loaned money for investing in stocks |
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Why was this a mistake |
It's other people's money |
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What other issues factored in the crash |
Mob mentality |
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Other than the stock market crash |
Terrifis - no trade with other countries |
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Explain 3 causes of the great depression |
Dust bowl - drought for farmers Overproduction - farmers produced too much Bank runs |
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Explain peoples rationale between what was luxuries and necessities during the depression |
Gave up doctors visits to be able to eat Cigarettes - calmed people Radios and movies - entertainment and way to forget worries |
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Where did many people live during this period |
Hoover shacks and hoover villes |
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How did many people feed themselves |
Soup kitchens |
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Who was blamed for the great depression |
President hoover |
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Was he at fault |
No stock market |
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Why |
The economy will fix itself without government - less a fair |
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Was he correct |
Yes - took longer than people wanted to wait. |
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Why was the bonus army upset |
Unemployed unpaid veterans |
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What did they do |
Went to the capitol and created hoover villes around it |
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How does hoover respond |
Brought current army and forced them out with artillery |
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Who won the 1932 election |
FDR Franklin Delano Roosevelt |
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What was his plan for the depression |
Government spends money to make money |
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What was unique about FDR |
Polio-partially paralyzed |
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How did he manage to circumvent this disability |
Only to pics without wheel chair |
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What was FDR's first move in office |
Declared back holiday - opened after recovered |
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How did he regain the people trust in the government |
Fireside chats |
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Why was FDR's (and every other president) 1st 100 days essential |
Indicates what rest of term will look like |
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What was his plan called |
New deal |
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Why didn't he just simply give out cash to the suffering Americans |
To fix and prevent |
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What was the purpose of the relief programs |
Give people jobs and money |
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What did they do |
Planted trees, built dams and parks |
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What famous project from this still stands today |
Hoover dam |
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Who is given credit and why |
Hoover because FDR spends |
