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.
Teste seu conhecimento com 10 perguntas 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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