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The Great Depression and New Deal Exam Study Guide Solutions

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The Great Depression and New Deal Exam Study Guide Solutions Causes of the Great Depression - ANSWER-1. Stock Market Crash 2. Speculation 3. Buying on Margin 4. High tariffs and war debt policies that cut down the foreign market for American goods. 5. crisis in the farming industry. 6. avail...

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  • November 4, 2024
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Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




The Great Depression and New Deal Exam

Study Guide Solutions


Causes of the Great Depression - ANSWER✔✔-1. Stock Market Crash


2. Speculation


3. Buying on Margin


4. High tariffs and war debt policies that cut down the foreign market for American goods.


5. crisis in the farming industry.


6. availability of easy credit.


7. unequal distribution of income


8. Business Cycle


9. Overproduction


Effects of the Great Depression - ANSWER✔✔-- Many banks fail.


- Many businesses and factories fail.


- Millions of Americans are out of work.


- Many are homeless and hungry.


- Families break up and people suffer




Copyright ©Stuvia International BV 2010-2024 Page 1/8

, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


buying on margin - ANSWER✔✔-When you purchase stocks by putting a down payment on them. The

buyer would pay a % of its stock's value and promised to pay the rest when the stock was sold at a

higher price.


Black Tuesday - ANSWER✔✔-October 29, 1929- the day the stock market crashed, signaling the start of

the Great Depression


Great Depression - ANSWER✔✔-Worst period of economic decline in United States history, beginning in

1929 lasted throughout the 1930's decade. Unemployment reached record 25%.


relief program - ANSWER✔✔-government program to provide immediate help to the needy


soup kitchen - ANSWER✔✔-place where food is provided to the needy at little or no charge


public works - ANSWER✔✔-projects built by the government to help public


Hoovervilles - ANSWER✔✔-Shanty towns of homeless and unemployed that sprang up on the outskirts

of the cities




Name was meant to mock Hoover's lack on assistance to the people


Works Progress Administration (WPA) - ANSWER✔✔-Agency responsible for overseeing the Emergency

Relief Appropriation Act, which provided employment assistance directly to the poor.




Hires jobless people to build public buildings and parks.


National Industrial Recovery Act (NIRA) - ANSWER✔✔-Develops rules for doing business




Copyright ©Stuvia International BV 2010-2024 Page 2/8

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