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The Great Depression
2026-27: Test
Questions and
Answers, Exams of
Nursing Assured A+|
Perfect Grades
Black Thursday (Oct. 24, 1929) - ANSWERS -Oct. 24, 1929 the
day the stocks began to fluctuate, hinting that the stock market could crash
Black Tuesday - ANSWERS -October 29, 1929 the day the stock
market crashed an people lost their savings
Buying On Margin - ANSWERS -companies loan money to
investors to buy their stocks, but can't repay them leading to the stock market crash
Effects of the Market Crash - ANSWERS -1) people went to the
banks to pull their money out
- people lost their savings
- companies began to close
Herbert Hoover - ANSWERS -president who was expected to
maintain the prosperity of the 1920s, blamed for the depression and as a result people began to name bad things after him to show he was the reason for their problems
Rugged Individualism - ANSWERS -Hoover's policy that people
should be tough and support themselves on their own because the stock market will bounce back without any help
Hoovervilles - ANSWERS -collection of shacks built for shelter,
usually in parks, named after Hoover
Hoover Blankets - ANSWERS -newspapers used as blankets,
named after Hoover
Direct Relief - ANSWERS -when the government gave people
money to help pay their bills during the Great Depression
Hoover Policy Changes - ANSWERS -hoover's plan of Rugged
Individualism was not working, he decided to do something about the depression
Boulder Dam (Hoover Dam) - ANSWERS -a project created by
Hoover to help employ people, a dam that would provide electricity and control flooding
Alphabet Agencies - ANSWERS -agencies FDR had implemented
to help the economy (aka New Deal Agencies)
Public Works Administration (PWA) - ANSWERS -large
construction jobs created to get people back to work under the New Deal
Civilian Conservation Corps. (CCC) - ANSWERS -environmental
projects created under the New Deal to provide jobs for men, and a large portion of the paycheck was sent home to their families
Works Progress Administration (WPA) - ANSWERS -smaller, more
local construction jobs and local art projects to provide jobs under the New Deal
National Recovery Administration (NRA) - ANSWERS -helped
business by keeping prices stable, boosted employed and also created minimum wage and child labor restrictions under the New Deal
Agricultural Adjustment Act (AAA) - ANSWERS -lowered crop
production, raised prices and paid farmers not to grow crops in order to correct overproduction under the New Deal
Social Security Act - ANSWERS -created a program to give
income to the elderly after their retired under the New Deal
Securities and Exchange Commission (SEC) - ANSWERS -a
program under the New Deal which regulated the stock market
Federal Deposit Insurance Corporation (FDIC) - ANSWERS -a
program under the New Deal which created insurance for all bank accounts
Home Owners Loan Corporation (HOLC) - ANSWERS -a program
under the New Deal which lowered mortgage rates
Federal Housing Administration (FHA) - ANSWERS -a program
under the New Deal which helped to find housing for the poor
Court Case: NRA - ANSWERS -found the NRA unconstitutional
because FDR was thought to be abusing his power as president since the required rules under this program were thought to be more like laws
Court Case: AAA - ANSWERS -found the AAA unconstitutional
because FDR was thought to be abusing his power as president since the required rules under this program were thought to be more like laws
Court Packing - ANSWERS -after companies sued gov. for
unconstitutional agencies countered the ruling by attempting to add 6 more judges to the Supreme Court so they would be in closer favor to FDR's ideas, which failed
