The Great Depression 16 Flashcards

Terms Definitions
John J. Lewis
Work Progress Administration: Massive work relief program funded projects ranging from construction to acting; disbanded by FDR during WWII
Federal Deposit Insurance Corporation: A federal guarantee of savings bank deposits initially of up to $2500, raised to $5000 in 1934, and frequently thereafter; continues today with a limit of $100,000
Bonus Expeditionary Force (20,000 ppl) - converged on the capital in 1931 to demand congress the immediate payment of their entire bonus.
is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
thousands of schools closed down because lack of money to stay open, 3 mil ___ between the ages of 7 and 17 left school
Radicals who believe in the destruction of government.
black cabinet
FDR`s black advisors; this was important because this was the firlst time that blacks had ever really had power in the government
relief programs
programs to immediately provide food and shelter for the needy
Causes of G.D
Easy availability of credit, overproduction, and unequal distribution of wealth and Black Tuesday
Jesse Owens
African American gold medalist for running
a situation in which quantity supplied is greater than quantity demanded
19th Amendment
Women Suffrage (right to vote)
-Gave women the right to vote
Roosevelt was governor of what state?
New York
Hoover Blanket
shanty towns built by the homeless during the Great Depression
- Old newspaper that people wrap themselves in
The bonus marchers
20,000 veterans in financial crisis's went to Washington, D.C in 1932 to demand their payment of their World War I bonus and camped until Hoover ordered the army to remove them forcibly
Charles E. Coughlin
a Canadian-born Roman Catholic priest at Royal Oak, Michigan's National Shrine of the Little Flower Church. He was one of the first political leaders to use radio to reach a mass audience, as more than forty million tuned to his weekly broadcasts during the 1930s
Election of 1932
Herbert Hoover was the republican candidate and used "prosperity around the corner." Franklin D. Roosevelt was the democrat candidate and used the 3 R's- "relief, recovery, reform." The Republican platform included higher tariffs, keeping the gold standard, and the continuation of Hoover policies. The Democratic platform included the repeal of prohibition, a 25% cut in government spending, unemployment aid, and a "new deal" for America. Roosevelt won with 472 electoral votes and all but 6 states. His victory paved the way for his "New Deal' policies and optimism in the country "nothing to fear but fear itself (Inauguration speech)."
McNary Haugen
bill to help out farmers. Federal price supports for wheat corn cotton and tobacco. Government would buy products at certain price and then sell in world markets
Stock Market
an exchange where security trading is conducted by professional stockbrokers and where company stocks are bought and sold.
migrant worker
moving place to place to harvist fruits and vegtables.
jobless rate
the percentage of workers who are unemployed
Fireside Chats
1933-1944, FDR's radio talks to the nation
sit down strike
method of boycotting work by sitting down and refusing to work or leave
Kellogg-Briand Pact
(Frank Kellogg = sec of state under Coolidge) - this 1928 "pact of paris" made it so nations would refrain from starting another world war. Useless because it could not be enforced
Unequal Distribution of Income
the country's income looks good because there are very few but REALLY rich people, though the majority is very poor.
The Popular Front
A coalition lead by the American Communist Party that supported Franklin Roosevelt and The New Deal. It mobilized intellectuals towards social critisism.
Agricultural Marketing Act
controls farm board, would have more control and help themselces. raise prices and set surplus
Bank holiday
All the banks were ordered to close until new laws could be passed. An emergency banking law was rushed through Congress. The Law set up new ways for the federal government to funnel money to troubled banks It also required the Treasury Department to inspect banks before they could re-open.
a way to communicate to a large group of people and to advertise.
Years of the Great Depression- start and stop?
1929- WWII (1941)
Home Owners Loan Corp (HOLC)
refinanced homes to prevent foreclosure
Death of Harding
Aug 2 1923- heart attack in San Francisco. Possibly caused by all the scandals that haunted him. Coolidge took over, a moral republican from Vermont
Civil Works Administration
provided public works jobs at $15 a week to four million workers in 1934
Public Works Administration (PWA)
goal was to stimulate the economy through the building of huge public works projects that needed large numbers of workers, the agency employed people to work on the construction of roads, shipyards, hospitals, city halls, and schools
cons of new deal
that the government grew in both power and size. People were scared that the governments' power would soon take away individual rights especially how wealthy they can become. The new deal drived away from the term laissez faire-which suggested that government stays away from helping and playing with the economy. Also, the New deal did not completely end the great depression.
national credit corporation
created a pool of money so banks could continue lending
Fair Labor Standard
One of the last New Deal laws passed in 1938 to set a national minimum wage and maximum work day.
why did many people support the New Deal
provided jobs, money and recovery
The second stage of the new deal
cause by supreme court outlawing the new deal and increasing radical behavior
How does President Hoover respond?
- he says not to interfere or set up programs to help
- set up Public Works Progress
- set up Reconstruction Finance Corps
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