Great Depression and New Deal
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Great Depression and New Deal
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This flashcard set explores the Great Depression, including its duration, key events, economic conditions, and significant governmental responses. Learners will study the roles of Presidents Herbert Hoover and Franklin D. Roosevelt, the impact of the New Deal, and the social implications of these historical events. Additional topics include economic speculation, unemployment, and critiques of New Deal policies, providing a comprehensive overview of this pivotal period in U.S. history.
Card 1
What was the duration of the 1930s depression in U.S. history?
It lasted longer than any other economic depression in U.S. history.
Card 2
Who were the two U.S. presidents during the 1930s depression?
Herbert Hoover and Franklin Roosevelt.
Card 3
What percentage of income did the top 5% of the richest Americans receive?
Over 33% of all income.
Card 4
What caused stock market speculation in the 1920s?
People in all classes "played the stock market."
Card 5
How did people typically buy stocks during the 1920s?
Most people were buying on margin.
Card 6
What contributed to the overproduction of consumer goods in the 1930s?
Excessive use of credit and weak consumer demand.
Card 7
What were the characteristics of the farm economy during the 1930s?
It was weak and led to low productivity.
Card 8
What was the state of government policies regarding business regulation before the Great Depression?
There was no regulation of business.
Card 9
What global economic issues contributed to the Great Depression?
Europe was recovering from WWI and countries were economically interdependent.
Card 10
What occurred on Black Thursday, October 24, 1929?
There was an unprecedented volume of selling.
Card 11
What happened on Black Tuesday, October 29, 1929?
Millions of investors sold their stocks with no buyers.
Card 12
By what year did the economic decline of the 1930s reach its lowest point?
The economic decline reached bottom in 1932.