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The Great Depression

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  • 1. THE GREAT DEPRESSION/NEW DEAL Tressa Russo
  • 2. Mini Quiz Answer all questions correctly. Photographer Dorothea Lange's photo Migrant Mother (1936)
  • 3. Question #1  The Stock Market Crash was the only cause of The Great Depression (1930). True False
  • 4. Correct!  The Stock Market Crash of 1929 may have set off the beginning of the Depression, but there were other causes as well. Click here to read more on The Great Depression Next Question
  • 5. Incorrect!  The Stock Market Crash of 1929 set off the beginning of the Depression, but…  Other causes of The Great Depression were:  Over production of goods  Bank failures  Over-extension of credit  Unequal distribution of wealth  The Dust Bowl  Click here to read more about The Great Depression  Back to Question #1
  • 6. Question #2  What was Herbert Hoover’s most important institutional response to the Depression? a. The National Labor Relations Act b. The Federal Relief Act c. The Reconstruction Finance Corporation d. The War Finance Corporation
  • 7. Correct!  Many claimed that Hoover was too slow in fixing The Depression so that is why he came up with The Reconstruction Finance Corporation.  This was the first time in U.S. history that the government gave money to big businesses.  Next Question
  • 8. Incorrect  Hoover is best known for The Reconstruction Finance Corporation, 1932.  This was an agency that gave out loans to banks, insurance companies, railroads, and big economic institutions.  Hoover wanted to keep the budget balanced  Back to Question #2
  • 9. Question #3  In an effort to save the baking structure of the U.S., Franklin Delano Roosevelt declared a. The Wagner Act b. The Dawes Plan c. A bank holiday d. Social Security 1932 Election Poster
  • 10. Correct!  FDR passed the Bank Holiday to give the Treasury Department time to review the books of the banks  To make sure banks were ok and economically sound Next Question People waiting outside a Detroit bank hoping to get their savings back
  • 11. Incorrect  FDR passed a Bank Holiday on March 5, 1933 because many people had lost faith in banks  He did this so the Treasury Department could review the books of banks  To make sure banks were ok and economically sound  FDR created the Federal Deposit Insurance Corporation (FDIC) which insured each bank account up to $5,000.00  He did this to assure America that banks are safe Back to Question #3 Click here to learn more about The Bank Holiday
  • 12. Question #4  What was the purpose of The New Deal? a. Permanently eliminate unemployment b. Break up large corporations c. Restore public morale d. Isolate the United States
  • 13. Correct!  Franklin Delano Roosevelt had no strategy to fix the United States, but the New Deal proved to be a great experiment.  While The New Deal did not get the United States completely out of The Depression, it gave America trust and hope back in the country and the government.  FDR was a charismatic leader that gave hope to Americans  The New Deal provided temporary relief for the hardships caused by The Depression, it helped farmers, and The Social Security Act of 1935 was created.  Click here to finish
  • 14. Incorrect  It would not be until the United States entered World War II that the US would be out of The Great Depression  Due to the massive spending and jobs created for the war Click here to learn more about The New Deal Back to Question #4
  • 15. Summary  The Great Depression hit the United States hard after the booming economy of the 1920s.  Herbert Hoover never saw it coming and did little to encourage people and fix the problem.  It was not until Franklin Delano Roosevelt came into office that the nation saw change.  The New Deal provided temporary relief and boosted the morale of Americans.  When the US entered World War II, The Depression finally ended and the post-war economy was  booming once again.