Stock Market Crash and Great Depression Overview

<p>Drought conditions (A)</p> Signup and view all the answers

<p>The Dust Bowl (A)</p> Signup and view all the answers

<p>Many lost their businesses and became penniless (C)</p> Signup and view all the answers

<p>Government intervention to assist the unemployed (D)</p> Signup and view all the answers

<p>Low confidence in both economy and government (B)</p> Signup and view all the answers

<p>The government must help the people during economic crises. (C)</p> Signup and view all the answers

<p>Jobs and electricity to the southern states. (C)</p> Signup and view all the answers

<p>To stimulate economic recovery through increased government spending. (D)</p> Signup and view all the answers

<p>Keynesian economics. (A)</p> Signup and view all the answers

<p>Canada introduced social programs while keeping liberal economic policies. (A)</p> Signup and view all the answers

<p>Implementing a progressive income tax and minimum wage. (C)</p> Signup and view all the answers

<p>Universal cooperation for the common good and social responsibility. (A)</p> Signup and view all the answers

<p>As a systemic issue requiring government intervention. (D)</p> Signup and view all the answers

<p>Social programs to aid citizens during economic crises. (A)</p> Signup and view all the answers

<p>They thought it resembled communist ideologies. (C)</p> Signup and view all the answers

<p>The economy should recover on its own with no interference. (D)</p> Signup and view all the answers

<p>To maintain a minimum standard of living for citizens. (C)</p> Signup and view all the answers

<p>The Co-operative Commonwealth Federation. (C)</p> Signup and view all the answers

The Great Depression was a severe worldwide economic downturn that began in 1929 and lasted throughout the 1930s. It originated in the United States after a major stock market crash. The depression had devastating effects in both developed and developing countries.

A period of economic growth and prosperity in the United States during the 1920s, characterized by widespread consumerism, technological advancements, and a boom in the stock market.

A theory that the government should not intervene in the economy and that the free market should be allowed to operate without regulation.

An economic theory that emphasizes the role of government in regulating the economy and providing social welfare programs, particularly during times of crisis.

A term referring to a series of programs and reforms implemented by President Franklin Delano Roosevelt in the United States during the Great Depression in an attempt to stimulate the economy and provide relief to those affected by the crisis.

A phrase referring to government agencies created during the New Deal to address specific problems, such as unemployment, poverty, and infrastructure. Many of these agencies had names that included letters of the alphabet, like the WPA, the CCC, and the TVA.

A political ideology that emphasizes individual liberty, limited government, and free markets.

A period of widespread drought and dust storms that affected the Great Plains region of the United States in the 1930s, contributing to the hardships of the Great Depression.

An economic system where the government plays a significant role in regulating the market and providing social services.

The idea that the government should not interfere in the economy and allow the free market to regulate itself.

A series of programs and policies implemented by President Franklin D. Roosevelt to address the Great Depression.

A political party founded in Canada during the Great Depression that advocated for social justice and economic equality.

A period of severe economic downturn characterized by high unemployment, widespread poverty, and business failures.

A government-owned electric company and regional development agency in the United States, created during the Great Depression to provide jobs and electricity.

The belief that the government has a responsibility to intervene in the economy to promote social welfare and economic stability.

A political and economic ideology that advocates for social ownership and democratic control of the means of production.

The economic theory that emphasizes the role of government spending in stimulating economic growth and creating jobs.

A situation in which a single company or a small number of companies control a significant portion of a market.

The state of being without a job and actively seeking employment.

The condition of having insufficient financial resources to meet basic needs like food, shelter, and healthcare.

The increase in the overall level of prices for goods and services in an economy.