Ch.31-33ish Flashcards
Which of the followings was NOT a major contributing factor to the onset of the Great Depression?
Technological advances had allowed farmers and manufacturers to overproduce, creating large inventories.
The average wage earner was not earning enough money to afford the many consumer goods new technology had made available.
Stock investors had been allowed to speculate wildly, creating an unstable and volatile stock market.
Major businesses were controlled by so few producers that the failure of any one had a considerable effect on the national economy.
All of the following are considerable historians as causes of the depression in 1929 EXCEPT…
economic weakness in the agricultural sector of the economy.
maldistribution of income.
the depressed condition of Europe’s economy.
boom and bust cycles on the stock market.
Of the following, the most important cause of the Great Depression was…
serious dislocations in international trade.
All of the following were causes of the Great Depression EXCEPT…
a weak foreign trade.
an overextension of credit.
agricultural overproduction.
an unequal distribution of wealth.
Policy initiatives during Franklin D. Roosevelt’s first two presidential terms included all of the following EXCEPT…
restricting agricultural production.
restoring public confidence in the banking system.
deficit financing.
creating new jobs in the public sector.
What does the term “Hooverville” mean and why?
Series of shacks people built to live in, due to the stock market crash of 1929. Many people blamed Hoover.
Unemployment rate during the darkest days of the Great Depression was…
25%
What are the names given to the terms that refer to the lines people stood in, during the Great Depression, to get food?
Breadlines and Soup-kitchens
During Roosevelt’s convention speech, he pledged the…
New Deal.
“We in America today are ____________ than ever before in the history of any land. We have not yet reached the goal-but… We shall soon, with the help of God, be in sight of the day when poverty will be banished from this nation.”
Fill in the blank. Who said this?
“nearer to the final triumph over poverty”
-Herbert Hoover
“The country needs and… demands bold, persistence experimentation. It is common sense to take a method and try it. If it fails, admit it frankly and try another. ____________.”
Fill in the blank. Who said this?
“try something”
-Franklin D. Roosevelt
What does the term “fireside chat” mean?
When Roosevelt talked over the radio to listening families. Did not happen often, but when they did they were popular.
Elenor Roosevelt was…
biggest advocate for the poor.
a First Lady who’ve came an effective lobbyist for the poor during the New Deal.
What and why was the Banking Holiday?
Roosevelt declared this day to close all U.S. financial institutions in order to stop and prepare for reforms.
Who was Francis Perkins?
First female cabinet member and was Roosevelt’s secretary of labor. Was at the shirtwaist fire. Architect behind social security.
Who was Harry Hopkins?
Influential FDR adviser and head of several New Deal agencies.
What did FDR do to raise farm prices?
Created the Agricultural Adjustment Administration (AAA). Paid farmers to not produce. The Supreme Court did not like the New Deal.
Which agency that worked to solve unemployment and conservation by employing youth in restoration or socially beneficial task.
Citizen Conservation Core
Which organization attempted to reorganize and reform U.S. industry? What was their emblem?
National Recovery Agency;
Eagle
Called all the new New Deal agencies…
Alphabet Soup.
What political party was FDR?
Democrat
Wanted large government.
Loved the Presidency.
Wanted more regulations on business.
What does CCC stand for? What did they do?
Civilian Conservation Corp
Employed young men on public works projects.
What does AAA stand for? What did they do?
Agricultural Adjustment Administration;
Paid farmers to reduce crops; funded by processing tax later declared unconstitutional.
What does TVA stand for? What did they do?
Tennessee Valley Authority
Constructed dam and power projects to improve Tennessee Valley Region.
What was the Banking Act of 1933?
Created FDIC and prohibited banks from selling stocks or financial cooperations.
What does FDIC stand for? What did they do?
Federal Deposit Insurance Corp
Insured individual bank deposits.
Still exists today.
What does NRA stand for? What did they do?
National Recovery Administration
Regulated industry and raised wages and prices.
What does SEC stand for? What did they do?
Securities and Exchange Commission
Regulated securities market.
Still exists.
What does FHA stand for? What did they do?
Federal Housing Administration
Insured bank loans for building and repairing homes.
Still exists.
What does WPA stand for? What did they do?
Works Progress Administration
Employed people to do public works, research, and artistic projects.