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Study Guide: The Great Depression and The New Deal Deflation inflation Smoot-Hawley Tariff depression State of the economy from 1929 to 1933 (economic indicators) money stock/supply bank panics bank failures President Roosevelt’s plans to address the economic problems of the Great Depression Impact of government spending during President Roosevelt’s administration New Deal Programs and their purpose/goal Functions of the Federal Reserve Monetary policy What economists have come to understand by studying the Depression? unemployment rate (definition and rate during peak of Depression) Real Gross Domestic Product Black Tuesday Federal Reserve System Role of the radio National debt farmers’ debts Causes and effects of the Dust Bowl Alfred E. Smith Hoovervilles How did Herbert Hoover deal with/attempt to help the economy during the Depression? Federal Home Loan Bank Act The Bonus Army Price supports soup kitchens and bread lines Reconstruction Finance Corporation Reasons that U.S. industry couldn’t sell all the goods it produced in 1920s? First major action Roosevelt took as president? Works Progress Administration Agricultural Adjustment Act “fireside chats” Federal Securities Act Glass-Steagall Banking Act Tennessee Valley Authority Civilian Conservation Corps Agricultural Adjustment Act Emergency Banking Relief Act National Industrial Recovery Act Federal Emergency Relief Administration Social Security Act Wagner Act Federal Deposit Insurance Corporation FDR’s First Inaugural Address Essay: The essay will relate to the movie, “The Grapes of Wrath,” that we watched in class.