The Depression Era

Shantytowns that housed many of the newly homeless were renamed ____________.

• Hoovervilles

• Tenements

Hoover asked Congress to create the Reconstruction Finance Corporation, or RFC to:

• create jobs and work projects

• lend money to businesses

At his inauguration on March 4, 1933, Roosevelt told the nation:

• never, ever give up!

• the only thing we have to fear is fear itself!

Stock markets are associations of brokers and dealers who _____________.

• trade stocks and bonds

• help ordinary people make bad investments

________________________________contributed to the Great Depression.

• Questionable banking practices and business over-expansion

• Questionable purchases bought on credit

When people could not pay back loans to the banks, the banks ran out of money, and ________________.

• many people were forced to sell their homes.

• many people lost all of their savings.

Borrowed money fueled much of the economy in the 1920s. Farmers bought land, equipment, and supplies __________.

• on credit

• on credit cards

FDR presented a "New Deal for a New America" and immediately went to work signing legislation to help with ___________________.

• creating posters that advertised national parks.

• unemployment, banks, farmers, and the stock market.

The ______________________, was the largest and most ambitious agency in FDR's New Deal.

• Works Progress Administration

• Works Projects Administration

Of the 41 original __________ that still exist, some are badly damaged or ripped.

• War propaganda posters

• WPA posters