1930's Test Chapters 22-23 Flashcards
October 24th 1929 ?
Black Thursday .
October 29th 1929 was ?
Black Tuesday
What was the FDIC?
Federal deposit insurance corporation .
What was the AAA?
Agricultural Adjustment Act
What is the SEC?
Securities and Exchange commission .
What does CCC mean?
Civilian conservation corps
What does TVA mean ?
Tennessee valley authority .
Who won the election of 1928?
Herb Hoover.
What was they Haley-Smooth tariff ?
Passed in 1930 which established the highest protective tariff in US History , created to protect American farmers and manufacturers from foreign competition but made the economy worse because foreign economies began to do the same.
What is rugged individualism ?
The view that the economy runs in circles and hoped that it would eventually fix itself.
What is the federal home loan bank act ?
Lowered mortgage rates for homeowners and allowed farmers to refinance and avoid foreclosure .
What was the bonus army ?
Where WWI vets were promised money after the war and asked for it during the depression and camped out in front if the Capitol until they got it , unfortunately they never did, they got kicked out.
What did FDR first to to stop the depression
He created a bank holiday and let the government investigate each and every one, and then he created the FDIC which insured your money and assets at le banc.
What did FDR do to help the farmers.
He gave them money to help them out to let them keep their farms.
What did the CCC do ?
Gave men ages 18-25 jobs In public works, they lived in tents and got paid $30 a month but $25 of it was automatically sent home.
