(AH 12-13)
The Great Depression: The World
Economy Goes “Bust”
(History Alive! Chapters 30-33)
(The Americans Chapters 14-15)
1) causes of the Great Depression:
a) over-speculation/buying on margin
b) unequal distribution of wealth
c) high tariffs and war debts
d) farm crisis
e) overproduction in industry/agriculture
f) buying on credit/installment plan
g) banking system (banking crisis)
h) domino/chain-reaction effect
2) Dow Jones Industrial Average
3) “bull market”/”bear market”
4) The Stock Market Crash (esp. “Black Tuesday”)
5) Great Depression (general concept of)
6) multiplier effect
7) economic indicators
- NOTE: It is NOT necessary to define each
of these items; just describe the
general concept of an economic
indicator
- (some on pp. 470 of The Americans; the
following are some examples)
a) income and spending
b) business failures
c) bank failures
d) unemployment
e) GDP
f) federal income & spending
g) prices
8) shantytowns/”Hoovervilles”
9) Dust Bowl
10) direct v. indirect relief
11) President Herbert Hoover’s approach to
handling the Great Depression
a) “rugged individualism”
b) indirect relief
12) Hoover’s programs:
a) Boulder Dam (a.k.a. “Hoover Dam”)
b) Federal Home Loan Bank Act
c) Reconstruction Finance Corporation
(RFC)
d) Committee for Unemployment Relief
(community chests)
13) Bonus Army incident
14) President Franklin D. Roosevelt’s approach to
handling the Great Depression
a) the New Deal
1. 3 R’s (relief, recovery, reform)
b) both indirect and direct relief
15) F.D.R.’s first “Hundred Days”
16) FDR/New Deal Programs that you must know:
a) bank holiday & Emergency Banking
Relief Act
b) Glass-Steagall Act of 1933 (& FDIC)
c) Agricultural Adjustment Act (AAA)
d) Civilian Conservation Corps (CCC)
e) Social Security Act and Social Security
Administration
17) other New Deal programs (don’t define – at least
read about & have a general understanding:
a) Federal Securities Act & the SEC
(Securities and Exchange Commission)
b) Tennessee Valley Authority (TVA)
c) National Industrial Recovery Act (NIRA)
d) National Recovery Administration (NRA)
e) Civil Works Administration (CWA)
f) Home Owners Loan Corporation (HOLC)
g) Federal Emergency Relief Administration
(FERA)
h) Second Agricultural Adjustment Act
i) Works Progress Administration (WPA)
j) Rural Electrification Administration
(REA)
18) “Fireside Chats”
19) deficit spending (Keynesian economics)
20) F.D.R.’s “court-packing” scandal
(causes & effects)
21) New Deal critics (know basic arguments of them)
22) labor-related legislation and agencies
a) Fair Labor Standards Act and the
National Labor Relations Act – a.k.a.
“Wagner Act”)
23) Long-Term Significance/Effects of New Deal
a) extension of the power of the federal
government
b) extension of the power of the president
c) deficit spending
d) federal social programs (welfare state?)
e) greater concern for workers
f) conservation gains
g) renewal of faith in democracy