the Great Depression vocabulary words Flashcards

Terms Definitions
Farm Association
...
economics
related to money
WPA
Works Progress Administration
Employed many professionals including artist, actors, writers
relief
aid for the needy
NRA
(National Recovery Administration) Helped set standards for production, prices, and wages-- Reform
Fireside Chat
president Roosevelts radio speeches
Frances Perkins
First female cabinet member.
Public Works Administration
created public buildings
money in circulation __________ when credit plummeted
increased
"Bonus Army"
20,000 veterans who self-proclaimed themselves as members of the Bonus Expeditionary Force and camped around the city of Washington protesting against Congressional denial of their $1000 bonus.
work relief
programes giving needy people government jobs
Hooverville
a town built for homeless people
FDIC
created federally insure bank deposits to prevent bank failures (up to 5000$)
Hawley-Smoot
The ________-_______ tariff was the highest protective tariff in US history. It led to a high increase in world trade, which hurt the US.
True/False: Some people were opposed to the New Deal because they feared goverment interference in their lives.
True.
Flappers
What were women who flouted tradition in the 20's called?
How many banks were forced to close?
9,000
Orson Wells
Actor, Director, producer, writer who created radio broadcasts, "The War of the Worlds"
Social Security Act
(FDR) 1935, guaranteed retirement payments for enrolled workers beginning at age 65; set up federal-state system of unemployment insurance and care for dependent mothers and children, the handicapped, and public health. (The money came from taxing workers and employers)
Soup Kitchens
Offers free or low cost food
20th Amendment
established the beginning and ending of the terms of elected officers
John L Lewis
1880-1969, U.S. labor leader. long-time labor leader who organized and led the first important unskilled workers labor union, called in to represent union during sit-down strike
Emergency Banking
closed down insolvent banks and reorganize and reopen banks
Bonus Army
jobless WWI veterans asking for immediate payment of 1945 pension
hoovervilles
shack villages built by the homeless during the depression by 1933 a million people are living in hoovervilles
comedy
Amos and Andy / Charlie Chan - supported neg. stereotypes
Huey Long
What opponent of FDR proposed the Share the Wealth program?
Credit Buying
When prices started to drop business's could not repay their debts and loaners began demanding money
Election of 1936
Republicans had strong support from business and wealthy communities but offered little in the way of alternate. Majority of public supported FDR
FDR won in a landslide 523 to 8
public works
projects such as highways, parks, and libraries
black tuesday
worst day in marketing history ruining many people
Hundred Days
a special session of Congress from March 9, 1933 to June 16, 1933, called by President Franklin D. Roosevelt, in which important social legislation was enacted.
Franklin Roosevelt
presented the American people with a New Deal to solve the problems of the Great Depression
Great Depression
Period when people were in debt, starvation, & separation of families
Reconstruction Finance Corporation
This administration was established by President Herbert Hoover in 1932 to make emergency loans to banks and railroads in danger of defaulting as the Great Depression deepened. The agency dispensed $1.5 billion in its first year and was credited with contributing to the reduction in bank failures during the first half of 1932. As the financial situation worsened again Hoover's congressional opponents argued for direct federal grants to individuals, but Hoover opposed all such programs, convinced that direct relief was not the role of federal government.
margin call
broker demands the investor repay the loan immediatly
militarism
a political orientation of a people or a government to maintain a strong military force and to be prepared to use it aggresively to defend or promote national interests
Grapes of Wrath
John Steinbeck's novel about a struggling farm family during the Great Depression. Gave a face to the violence and exploitation that migrant farm workers faced in America.
Teapot Dome Scandal
Scandal involving the granting of oil drilling rights on government land in return for money
fireside chats
they were radio chats hosted by FDR that told his plans a policies for the new deal in a friendly tone
raised taxes of the wealthy
the Revenue Act of 1935
overproduction
the US was still producing items as if it were in a wartime economy
Mary McLeod Bethune
advisor to FDR, Member of black cabinet, activist for youth and education
Happy Days Are Here Again!
Franklin D. Roosevelt's presidential campaign song. (1932)
Communism
A system in which property is owned by a society as a whole.
Stock Exchange
is an organized system for buying and selling shares, or blocks of investments, in corporations
lost homes
what happened to those unable to pay morgages or rent
War-guilt cause
clause in the Treaty of Versailles by which Germany confessed responsibility for WWI and thus for its entire cost. It created anger and bitterness among Germans and was completely against Wilson's 14 points
phase in which "we don't want war; we will prevent war by ANY MEANS NECESSARY"
Utopian Phase
Federal Emergency Relief Act
Gave relief to the unemployed and needy
National Labor Relations Board
an independent agency of the United States government charged with mediating disputes between management and labor unions
Dust Bowl
the region in the S central U.S. that suffered from dust storms in the 1930s.
National Recovery Administration (NRA)
- 1933
- Established codes for fair competition among businesses.
- 1935, ruled unconstitutional and failed because never made the codes.
- Led to Wagner Act.
Alfred E. Smith
he was an American statesman who was elected the 42nd Governor of New York four times, and was the Democratic U.S. presidential candidate in 1928. He was a leader of the efficiency-oriented Progressive Movement, and was noted for achieving a wide range of reforms as governor in the 1920s. He was also linked to the Tammany Hall machine that controlled Manhattan politics; he was a strong opponent of prohibition. he was the first Catholic to run for President, and attracted many thousands of ethnic voters. However he was especially unpopular among Southern Baptists and German Lutherans, who feared the Catholic Church and the Pope would dictate his policies. It was a time of national prosperity, and he lost to Republican Herbert Hoover. Smith tried for the 1932 nomination, but was defeated by his former ally Franklin D. Roosevelt. Smith entered business in New York City, and became an increasingly vocal opponent of Roosevelt's New Deal.
Tennessee Vally Authority
New Deal program that built dams to control flooding and produce cheap electric power
Warren G. Harding
President who called for a return to normalcy following WWI.
Fair Labor Standard act
limit work week - 40hr, minimum wage 40c, est overtime
What groups were employed by the Works Progress Administration
painters, songwriters, and poets
WHo was Frances Perkins?
Secretary of Labor and was the first woman to be in a president cabinet
What were the 5 causes of the crash?
1. Business
2. Income Distribution
3. Governmental Polocies
4. Agricultural Depression
5. International
Congress Of Industrial Organization (CIO)
Like the ALF, only more people could join(EX. woman, and minorities.)
What was the Reconstruction Finance Corporation?
a government agency that loaned money to banks and financial institutions to keep them going
What was the name of the radio show about a Martian invasion?
War of the Worlds.
When was the Great Depression
Begins in 1929 and comes to an end with the beginning of WWII
more goods were produced than consumers could by
created a sign that the economy of the twenties might not be very stable
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