Karteikarten: Roosevelt and the Great Depression Recovery — 20 Karten

Great Depression — onset year?

1929, marked by the stock market crash.

Stock market crash — date?

October 29, 1929, Black Tuesday.

Black Tuesday — significance?

Climax of the 1929 stock market crash.

US unemployment 1933?

Reached 25 percent.

Banks closed — by 1933?

Over 5,000 banks had failed.

First New Deal — years?

1933 to 1934.

Second New Deal — years?

1935 to 1938.

Social Security Act — year?

1935, established a pension system.

Fireside chats — start date?

March 12, 1933.

Keynesian economics — advocate?

Increased government spending and lower taxes.

Impact of New Deal?

Federal regulation, social welfare, and labor protections.

Long-term effect — social security?

Created a permanent pension system.

Wall Street Crash — traded shares?

Over 16 million on Black Tuesday.

Economic impact — US?

Mass unemployment and bank failures.

Roosevelt’s response — belief?

Federal power needed to combat Depression.

First New Deal focus?

Relief, recovery, reforms.

Second New Deal focus?

Social reforms, labor protections.

Keynesian theory — developed by?

John Maynard Keynes.

WWII — role in recovery?

Massive military spending ended the Depression.

Legacy of New Deal?

Federal regulation, social security, labor rights.