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Effects Board 1The Road to The Road to
CollapseCollapseEconomics Economics
101101Hoover’s Hoover’s
ManeuversManeuversLet’s Make a DealLet’s Make a DealFranklin’s Franklin’s
Fixer-UppersFixer-Uppers
100 100 100 100 100200 200 200 200 200300 300 300 300 300400 400 400 400 400
500 500 500 500 500
The Road to The Road to CollapseCollapse
Economics Economics 101101
Hoover’s Hoover’s ManeuversManeuvers
Let’s Make a Let’s Make a DealDeal
Real Question Board 2Franklin’s Franklin’s
Fixer-UppersFixer-Uppers
This protectionist trade policy was
originally intended to help American
business, but ended up hurting trade in
the long run.
•When people lost faith in financial institutions, they began pulling their deposits out of banks. This, in turn, caused a bank _____, which forced many banks to have to close their doors.
With this change in price of goods may sound good at first, it eventually will lead to businesses downsizing
and may increase unemployment due to lay
offs.
The Federal Reserve serves as the U.S. banking system and
functions to influence our spending activity by setting the rate at which banks can borrow
and the minimum amount of deposits they must hold. These are called the ____ and ____.
Hoover was a member of this political party, whose philosophy was based on the policy of “Laissez Faire”
When the Great Depression hit, Hoover encouraged people to maintain confidence in the economy because all economies naturally go through these, or periods of booms and busts.
Hoover refused to provide direct relief
because he believed in _________ ____________, or
the idea that man should work independently to
become successful rather than relying on his
government to relieve him.
The Reconstruction Finance Corporation was created with the intention to provide relief to large banks and corporations, figuring that the money would ______ _____ to the employees, eventually providing indirect relief.
The Bonus Army appeared in
Washington to support this bill, which
would’ve granted veterans money in 1933 rather than making them wait
until 1945.
Within his first few days of office, FDR declared this in order to prevent further withdrawals from and investigate the policies of banks.
This body negated some of the work that FDR completed during his first “New Deal” by
striking down the NIRA and the AAA.
•This was the name of FDR’s second wave of legislative action in order to replace the laws that were overturned due to unconstitutionality.
FDR created work programs to put citizens to work. Three examples of these federally-funded programs were:
This woman is known for her
contribution to the Social Security
act, which created old-age relief
funds and unemployment
wages.
Final Jeopardy!!!!!!!!!!!!
•Name FDR’s three main goals for economic recovery and give an example of each.