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Great Depression

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Causes of the Great Depression/SIGNS
factories and farms produce more Goods than people can buy. overproduction
Communities of homeless people during the Great Depression.
Federal Deposit Insurance Corporation (FDIC)
Insures savings accounts in banks approved by the government.
bank holiday
Presidential closing of banks four days during the Great Depression to help recover
Roosevelt during the Depression and WWII. He instituted the New Deal. He was the only president in U.S. history to be elected to four terms
Federal Deposit Insurance Corporation: A federal guarantee of savings bank deposits initially of up to $2500, raised to $5000 in 1934, and frequently thereafter; continues today with a limit of $100,000
Public Works Administration. Part of Roosevelts New Deal programs. Put people to work building or improving public buildings like schools, post offices,etc.
Civilian Conservation Corps (CCC)
imployed millions of young men to plant trees and improve the environment during the Great Depression
Social Security
Any government system that provides monetary assistance to people with an adequate or no income
Huey Long
took money from the rick and shared it with the poor, created "Share the Wealth" program but he assassinated at the height of fame
Francis Townsend
opposed FDR and proposed social security
Father Charles Coughlin
a Roman Catholic priest who used radio to reach a mass audience. Once a supporter of FDR but later became a harsh critic of him
Share the Wealth
Huey Long designed the program to provide a decent standard of living for Americans by spreading the nation's wealth among the people
The Three R's
Relief, Recovery, Reform; the three ways FDR tried to address the depression
buying stock on margin??
Buying on margin is borrowing money from a broker to purchase stock. a loan from your brokerage. Margin trading allows you to buy more stock than you'd be able to normally.
explain how stock brokers and stock buyers caused stock market to crash...
they bought stock in large quantities which caused the stock to fall
was new deal effective?
yes because it employed many and it constructed roads, sewers, hospitals, parks etc.
poverty, unemployment, did not have basic needs, little food
what are some diff. that caused some groups to suffer more?
which political party gained support during depression
DEMOCRATS ppl believed they were going to do something to help they wanted to see government involvement to see wealth shift from rich to poor
describe dust bowl
no water to irrigate fields
what made 1920's roar?
Women have more liberty...flappers
more crime and underground bushiness
role of women
right to vote 16 amendment.. no longer housewives
sports mania
made things easier however left them in debt
model T -= eco. up due to gas and more trade/commerce
roosevelt radio
fireside chats to get americans to put money into bank and reassure them