Chap 1 - The Great Depression

Question 1

The greatest depression

Answer 1

(1929-1939) Greatest and longest economic recession in the history of the industrialised world, following a major fall in stock prices in the US

Question 2

Liberalism

Answer 2

Political ideology based on support for a market economy, private property in the means of production
==> opposition to government intervention in the economy

Question 3

Budgetary orthodoxy

Answer 3

Reduction or refusal to spend for government in order to avoid debt

Question 4

Dust Bowl

Answer 4

Name given to the American region hit by a drought and dust storms, ruining farmland and forcing farmers to migrate

Question 5

What name was given to FDR’s government ?

Answer 5

The Brain Trust

Question 6

New Deal

Answer 6

Series of programs, public work project, financial reforms and regulations enacted by FDR by 1933 to avoid economic disaster like TGD from ever recurring

Question 7

What are the 3Rs ?

Answer 7

“Relief, Recovery, Reform” 3Rs of the New Deal summarising FDRs 3 goals in his plan to recover from TGD

Question 8

Alphabet agencies

Answer 8

US federal government agencies created as a part of the New Deal of FRD

Question 9

Security Act

Answer 9

Act meant to regulate the securities industry

Question 10

TVA (Tennessee Valley Authority)

Answer 10

Federally owned company created to provide navigation, flood control, electricity generation and economic development/ employment in the Tennessee Valley

Question 11

Welfare State

Answer 11

Social programs created in the UK to provide security to its citizens from cradle to grave (theorised by Keynes)

Question 12

Plan du cours

I. ……………………………………….
A) ..……………….
B) …………………
C) …………………
D) ………………….

II. ………………………………………
A) ………………….
B) ………………….

III. ……………………………………..
A) ..……………….
B) ..……………….
C) ..……………….

Answer 12

I. The 1929 crash and TGD in the US
A) Roaring 20s
B) 1st signs of social, financial and economic crisis (cultural gap + unstable economic conditions)
C) An abrupt stop : October 24, 1929
D) TGD (TGD in the US + worldwide consequences)

II. FDR and the New Deal : a solution to the crisis ?
A) New president for a New Deal (his election + 1st New Deal + Alphabet agencies)
B) US in the 30s (2nd and 3rd New Deal + outcome of the New Deal)

III. 1930s in France from the depression to the Front populaire
A) Crisis hit in 1931
B) Political unrest in France
C) The Matignon agreements and Front Populaire (Matignon agreement + mounting tensions)

Question 13

National Origins Act

Answer 13

1924

Question 14

Hoover’s election

Answer 14

1928

Question 15

FRD elected + New Deal

Answer 15

1933

Question 16

Hawley Smoot Act - tarifs increase

Answer 16

1930

Question 17

2nd New Deal

Answer 17

1935-1936

Question 18

Wagner/ Social security Act

Answer 18

1935