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23 Cards in this Set
- Front
- Back
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Elected in 1932; promised Americans a "New Deal"?
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Franklin Delano Roosevelt
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Share in a corporation
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stock
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Roosevelt's plan to help the US through the Depression
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New Deal
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Geographical area of the Great Plains that suffered severe drought and dust storms
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Dust Bowl
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Roosevelt's radio broadcasts
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Fireside Chats
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President during the Depression
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Herbert Hoover
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A slow, gradual decline in economic activitiy
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Economic recession
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A place where stocks and bond are regularly bought and sold
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Stock market
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What year did Franklin Roosevelt promise the country a New Deal?
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1932
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Who were opposed to the New Deal?
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Big businesses
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What was the day called when the stock market crashed?
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Black Tuesday
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What was the famous session of Congress when many bills were passed?
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The Hundred Days
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Who faced economic hard times before the Depression
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farmers
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Why did the stock market crash hurt many Americans
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Their stocks became worthless
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Did the number of unemployed people increase or decrease as the Great Depression got worse?
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increase
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What theory said that big business should be helped first?
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"Trickle Down" theory
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What year was the number of unemployed people at its peak?
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1933
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What was a prolonged period in which investments and stock prices fell called?
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bear market
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What does WPA stand for
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Works Progress Administration
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What did the WPA do?
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Established works programs to create jobs
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What provided workers with unemployment insurance and retirement benefits
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Social Security Act
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What else did the Social Security Act do?
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Gave help to laid off workers, disabled workers, and needy families with dependent children
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What is the best market to be in?
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Bull market
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