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
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
