Chapter 19 Flashcards
1929-1933 president ; events during presidency were stock market crash and Great Depression
Herbert Hoover
Severe drought in 1930 ; crops shriveled up
The dust bowl
Started on October 29, 1929 ; credit allowed you to purchase something you didn’t have enough money for ; people took money out of the bank and the banks failed
The Great Depression
1902-1968 ; wrote the grapes of wrath and described the plight of the Okies farm families from western Oklahoma
John Steinbeck
Came up with new deal ; relief , recovery , reform ; social security established ; FDIC - insured all member bank accounts for up to $5000 per account
Franklin D Roosevelt
15 major laws were passed
First Hundred Days
Many people withdrawing all money from the bank at the same time ; FDR gives an 8-day national bank holiday
Bank runs
Gave president broad powers to control banking policies and to reopen banks as he saw fit
Emergency banking relief act
Insured all member bank accounts for up to $5000 per account
Federal deposit insurance corporation
Abandoned gold standard , passed 21st amendment , planned Tennessee valley authority
New deal
Allowed the sale of alcohol , repealed 18th amendment
21st amendment
Established a government fund for unemployment and old-age insurance
Social security act
When workers who belong to a union stay barricade themselves in the workplace demanded negotiation
Sit down strike
First woman to pilot across the Atlantic
Amelia Earhart
German Zeppelin exploded and burned near Lakehurst, New Jersey , killing 36 people
Hindenburg
