Chapters 11 & 12 Review
Reteaching Activity 11
#1 Bull Market
• Enticed buyers to buy on
margin and pushed prices
up without regard to value
#2 Speculation
• Buyers made risky stock
purchases without regard to
a company’s earnings and
profits. They were betting
on the continuation of the
bull market
Reteaching Activity 11
#3 Stock Market Crash
• Once professional investors
sensed stocks were
overpriced and began
selling, panic selling and
margin calls followed. By
mid-November, stock prices
had dropped by over onethird.
#4 Bank Runs
• Speculations could not
repay loans to banks. Banks
did not have cash reserves
to fulfill withdrawal
demands when nervous
depositors rushed to
withdraw all their money.
Reteaching Activity 11
#5 Bank Failures
• Bank failures when they
could not fulfill all
withdrawal demands. News
of one bank failure caused
depositors at other banks to
panic and make a run,
repeating the cycle of bank
failures.
#6 Installment debt
• During the 1920s people
brought expensive goods on
installment plans.
Eventually, paying off
installment debt forced
some buyers to stop making
new purchases, resulting in
decreased sales, lowered
production , and employee
layoffs.
Reteaching Activity 11
#7 Mass Layoffs
• On business failure
impacted all related
businesses. Consumption
fell as workers lost jobs,
continuing their cycle of
manufacturing slowdowns,
business failure, and layoffs.
#8 Hobos
• Some people were so poor
they were homeless. Many
young boys and men took to
“riding the rails” and
traveling, performing odd
jobs whenever they went.
Content Vocabulary Activity 12
1. Some lawmakers were alarmed by Roosevelt’s policies
because he abandoned a balanced budget and began to rely
on ________________, which is spending borrowed money
rather than raising taxes to pay for his programs.
2. President Roosevelt suffered from ___________________,
an incurable disease that causes paralysis.
3. Roosevelt’s policies provided a
______________________for Americans, giving them some
security against misfortune through government relief
programs.
Content Vocabulary Activity 12
4. General Motors workers participated in the first
__________________by refusing to leave the
establishment.
5. People began withdrawing their money from banks in
the early 1930s because of their concern that Roosevelt
would abandon the ________________.
6. The National Labor Relations Act set up a process
called ___________, in which a neutral party listens to
opposing sides of a conflict and makes a decision that
both sides must accept.
Content Vocabulary Activity 12
7. The New Deal established the ______________, in which the
government played a mediating role in working out conflicts among
competing interest groups.
8. Some state governors declared _____________, closing banks
before bank runs could put them out of business.
9. Roosevelt spoke to the nation in his _______________, radio
addresses in which he told the American people what he hoped to
accomplish.
10. The president's attempt to add more justices to the Supreme Court
in order to increase his influence with the court became known as
_____________ in the press.
Reteaching Activity 12
Name of Program
Description
Opposition
Reteaching Activity 12
Name of Program
Securities Act of 1933
Description
a. Required companies that
issued stocks and bonds to
provide complete and truthful
information to investors
Opposition
b. Investors in the stock market
Reteaching Activity 12
Name of Program
Securities Act of 1933
Description
a. Required companies that
issued stocks and bonds to
provide complete and truthful
information to investors
Opposition
b. Investors in the stock market
Public Works Administration
a. Awarded contracts for vast
construction
projects that improved
highways and built dams,
sewer systems, waterworks,
schools, and government
facilities.
b. Unemployed construction
workers
Reteaching Activity 12
Name of Program
Securities Act of 1933
Description
a. Required companies that
issued stocks and bonds to
provide complete and truthful
information to investors
Public Works Administration
a. Awarded contracts for vast b. Unemployed construction
construction
workers
projects that improved
highways and built dams,
sewer systems, waterworks,
schools, and government
facilities.
a. Government paid farmers
b. Farmers
for nonproduction of certain
crops or livestock in order to
decrease the farm surplus and
raise farm income
Agricultural Adjustment Act
Opposition
b. Investors in the stock market
Reteaching Activity 12
Name of Program
National Industrial
Recovery Act
Description
Opposition
a. Set up codes of fair
b. union workers; some
competition for industrial
businesses.
producers; shortened work
hours; established
minimum wage level;
outlawed child labor; gave
workers right to unionize.
Reteaching Activity 12
Name of Program
National Industrial
Recovery Act
Description
Opposition
a. Set up codes of fair
b. union workers; some
competition for industrial
businesses.
producers; shortened work
hours; established
minimum wage level;
outlawed child labor; gave
workers right to unionize.
Social Security Act
a. Set up payroll tax to pay
for monthly retirement
benefits after age 65 and
unemployment
compensation; assisted
certain disabled groups
b. retired workers;
people with disabilities