The Great Depression 19 Flashcards

Terms Definitions
Hoover Blanket
(hoover) reconstruction finance corporation - govt leading bank designed to provide indirect relief by assisting insurance companies, banks, agricultural organizations, Railroads, hardpressed states and local govts. No loans to individuials to preserve individualism and character.
Elenor Roosevelt
the First involved Lady
a certificate documenting the shareholder's ownership in the corporation
Public Works
Government funded building projects.
major issue in the 1928 election.
Dorthea Lange
an influential American documentary photographer and photojournalist, best known for her Depression-era work
political philosophy that holds the indiviual second to the nation and advocates goverment
the system of production and distribution and consumption
Social Security Act
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
○ Is to protect inventors maintain far orderly and efficient market and facilitated capital formation
main areas of endorsement is insider trading accounting fraud fake or misleading investment information
Deficit Spending
government practice of spending more than it takes in from taxes
21st amendment-
repealed prohibition (illegal to sell or produce alcohol)
second new deal
Jan 1935-Sept1935- Reorganized fed program for jobless relief. Assistance to rural poor,Supp for org labor, social welfare benefits for elder, stricker business reg, heavier taxes on wealthy.
New Deal
Plan Roosevelt intended to bring economic relief, recovery, and reform after the Great Depression.
Hundred Days
first hundred days of President Franklin D. Roosevelt's presidency
"New Deal"
Roosevelt's plan to help the United States through the Depression
can't make payments and the banks take your property.
The condition in which a percentage of the population wants to work but is unable to find jobs.
Dust Bowl
Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages.
Lame duck-
(Hoover) person who finished his term in office when he lost re- election
Black Thursday
October 24, 1929; stock market crashes and almost 13 million shares are sold that day alone
Ohio Gang
a strong cabinet of Harding's old friends from Ohio that help him. the were very corrupt.
During much of the 1920's, name the group of people who faced hard times
group of shacks in which the homeless lived during the Great Depression
Trickle Down Theory
decreased income taxes for the wealthy would promote business and therefore the whole economy
Rural Electrification Administration
1935 - Loaned money to extend electricity to rural areas.
Henry A. Wallace
the thirty-third Vice President of the United States (1941-45), the eleventh Secretary of Agriculture (1933-40), and the tenth Secretary of Commerce
works progress administration
new deal agency created to put American men and women to work constructing and repairing bridges, roads, building, and parks
Oct. 29 1929-
the day that the stock market crashed
alphabet soup agencies
all these new agencies were springing up: providing work for single males (Civilian Conservation Corps), providing affordable electricity for isolated rural areas: Rural Electrification Administration (REA)
Hawley-Smoot Tariff
raising the average tariff rate to the highest level in US history- rates went up on more than 900 manufactured items
Reconstruction Finance Cooperation
One of Herbert Hoover's few relief measures was creation of the:
Reasons for great depression
Carless and reckless use of $
Farmland Abuse
Bank Failures
Stock market crash
Agricultural Adjustment Act
1933 - Paid farmers not to grow certain crops.
Federal Home Loan Bank Act
HOOVER. lowered mortgage rates and allowed farmers to refinacnce loans and avoid foreclosure.
Works Progress Administration [WPA]
Gave the unemployed work in building construction and arts programs
increased federal borrowing
The recession of 1937 was caused in part by:
What was the National Recovery Administration (NRA)?
Enforced codes that regulated wages, prices, and working conditions.
Douglas Mac Arthur
the man who led the U.S. Army to remove the veterans by force and burned their tents
major cause of the great depression
weak stock market security and the borrowing of money to buy stocks
National Industrial Recovery Act (NIRA)
aimed to boost the economy by helping businesses regulate themselves
What is October 29, 1929 known as?
Black Tuesday- the day the stock market crashed
What was the difference between a Bull market and a Bear market?
A Bull market was when the stock market goes up, and a Bear market was when the stock market went down.
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