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.
Pon a prueba tus conocimientos con 10 preguntas sobre Roosevelt and the Great Depression Recovery.
1. How do the Great Depression and a stock market crash differ?
2. How did Black Tuesday differ from the other named panic days of the 1929 crash?
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