Us History Unit 4

• What are installment plans?

  Payment plans that allow consumers to pay for goods over time.
• Who are speculators in the financial market?

  Individuals who buy and sell assets to profit from price changes.
• What characterizes a bull market?

  A period of rising stock prices and investor confidence.
• What is margin buying?

  Purchasing stocks with borrowed money to increase potential returns.
• What is a market crash?

  A sudden and severe drop in stock prices across a significant section of the market.
• What is a bank run?

  A situation where a large number of customers withdraw their deposits simultaneously.
• What does foreclosure mean?

  The legal process by which a lender takes possession of a property due to unpaid mortgage payments.
• What are tariffs?

  Taxes imposed on imported goods to protect domestic industries.
• What was the New Deal?

  A series of programs and policies implemented by Franklin D. Roosevelt to recover from the Great Depression.
• What are recovery and relief in the context of the New Deal?

  Recovery refers to economic improvement, while relief involves immediate assistance to those in need.
• What are public works?

  Government-funded projects to build infrastructure and create jobs.
• What was the Dust Bowl?

  A severe drought in the 1930s that caused massive agricultural damage in the Great Plains.
• Who were the Bonus marchers?

  World War I veterans who marched to demand early payment of bonuses promised to them.
• What was the CCC and when was it started?

  The CCC (Civilian Conservation Corps) was a public work relief program started in 1933.
• What age group did the CCC primarily employ?

  The CCC primarily employed young men aged 18-25.
• What types of projects did the CCC engage in?

  The CCC engaged in environmental conservation projects, including tree planting, park building, and forest improvements.
• How did the CCC impact unemployment during the Great Depression?

  The CCC helped to lower unemployment during the Great Depression.
• What was the purpose of the AAA (Agricultural Adjustment Act)?

  The AAA aimed to address agricultural surplus and stabilize crop prices by paying farmers to reduce production.
• What criticism did the AAA face?

  The AAA faced criticism for displacing tenant farmers.
• When was the original AAA declared unconstitutional?

  The original AAA was declared unconstitutional in 1936.
• What is the role of the SEC (Securities and Exchange Commission)?

  The SEC regulates the stock market and protects investors from fraud.
• Why was the SEC established?

  The SEC was established to rebuild trust in financial markets after the 1929 crash.
• What was the TVA (Tennessee Valley Authority) created to address?

  The TVA was created to address poverty in the Tennessee River Valley.
• What were the main functions of the TVA?

  The TVA built dams to control flooding, generate hydroelectric power, and improve navigation.
• What benefits did the TVA bring to the region?

  The TVA brought jobs, modern infrastructure, and economic development to a struggling rural region.
• What is the purpose of the FDIC (Federal Deposit Insurance Corporation)?

  The FDIC insures bank deposits to restore trust in the banking system.
• What was the initial insurance amount per depositor by the FDIC?

  The FDIC initially insured bank deposits up to $2,500 per depositor.
• How did the FDIC help during the Depression?

  The FDIC helped prevent further bank runs and failures during the Depression.
• When was the WPA (Works Progress Administration) launched?

  The WPA was launched in 1935.
• What was the scale of employment by the WPA?

  The WPA became one of the largest New Deal agencies, employing millions in diverse jobs.
• What types of jobs did the WPA provide?

  The WPA provided jobs in public construction projects and arts and literature initiatives.
• How did the WPA impact unemployment during the Depression?

  The WPA significantly reduced unemployment and supported cultural projects during the Depression.
• What are the key programs of the New Deal mentioned in the study material?

  • CCC (Civilian Conservation Corps)
  • AAA (Agricultural Adjustment Act)
  • SEC (Securities and Exchange Commission)
  • TVA (Tennessee Valley Authority)
  • FDIC (Federal Deposit Insurance Corporation)
  • WPA (Works Progress Administration)
• What were the main goals of the New Deal programs discussed?

  • Reduce unemployment
  • Promote economic recovery
  • Provide financial security
  • Support agricultural stability
  • Enhance infrastructure and public works