Great Depression & the New Deal reading questions
There were four main causes of the Great Depression, 1) over-production of both farm goods
and manufactured goods, 2) raise in consumerism - people buying on credit, 3) people buying
stocks ‘on margin.’, 4) banks without governmental regulations had over-extended by
investing/loaning more money than they had on deposit.
P.852
1) President Herbert Hoover thought the solution for the depression was business recovery,
homeless people put together temporary housing on vacant lots and named them ‘Hoovervilles.’
Why did President Hoover not support relief projects? What was the purpose of the
Reconstruction Finance Corporation? Was it a success?
P. 853
2) Explain what issues the “Bonus Army” had, what action did the army take?, what was the
result?
P. 857
3) President Franklin Delano Roosevelt in his Inaugural speech told Americans, “ …the only thing
we have to fear is fear itself.” He planned Relief programs for people, Reform programs that
were laws/regulations, Recovery programs which were loans primarily to businesses to stimulate
the economy.
Detail & explain each of the key legislation during the first 100 days of FDR’s presidency.
P.860
4) Detail and explain each of the key legislation of the second 100 days of FDR’s presidency.
P.876
5) Explain the Supreme Court decision of Schecter v. United States, what did it say about the
National Recovery Administration? FDR reacted with the “court packing bill”, what was this bill?
What was the reaction to this bill?