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World History Semester 2 > chapter 19 section 2 > Flashcards

chapter 19 section 2 Flashcards

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1
Q

much of prosperity fueled by

A

industry

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2
Q

European farmland

A

destroyed during the war

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3
Q

1918 Peace- demand for certain crops _____ and agricultural prices ________

A

fell

dropped

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4
Q

farmers ________ and now had problems _______

A

made very little money

paying their debts

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5
Q

protectionism (also called ___________)

A

economic nationalism

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6
Q

protectionism

occurs when

A

nations tries to protect domestic industries by limiting trade with others

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7
Q

to protect industries, nations

A

established tariffs on the import of goods

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8
Q

market speculation -

A

risky investments in the stock market

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9
Q

stock market- organization

A

through which shares of stock in companies are bought and sold

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10
Q

company issues stock to

A

raise money for its business

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11
Q

1920s- stock prices ______ and investors made ________

A

soared

made large profits

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12
Q

October 29, 1929- Black Tuesday- sudden sell off drove

A

stock prices tumbling

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13
Q

When was black tuesday

A

October 29, 1929

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14
Q

many stocks (overnight) became

A

worthless

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15
Q

savers rushed to

A

banks to withdraw their savings

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16
Q

banks didnt have

A

adequate cash reserves to honor withdrawals

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17
Q

banks demanded

A

that borrowers repay their loans

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18
Q

thousands of banks and customers

A

forced into bankruptcy

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19
Q

collapse of stock market marked beginning of

A

worldwide depression

20
Q

overproduction

A

farms and factories produced more than the people could buy

21
Q

bank failures were because

A

banks loaning large sums of money
borrowers could not repay their loans
1929-1932- over 5,000 banks in the United States closed

22
Q

downward trend (3)

A

many businesses closed
wages were cut and layoffs occurred
huge unemployment figures

23
Q

unemployment in the United States -

A

12 million out of work- 25%

24
Q

herbert Hoover

famous quote

A

1928

“Prosperity just around the corner”

25
Q

“Ride the Rails”

A

homeless jobless teenagers hitching rides on trains

26
Q

how many teens left home

A

250,000

27
Q

“Hoovervilles”

A

shack villages put up by homeless

28
Q

“Hoover Flags”

A

men would take their pockets and turn them out to signify they had nothing

29
Q

“Hoover Blankets”

A

people that were sleeping on whatever they could find to cover up with

30
Q

“Hoover Leather”

A

pieces of cardboard cut out as soles for people’s shoes

31
Q

“Hoover Stew”

A

the very thin stew served in soup lines or kitchens. Low in nutrition and has very bare flavoring.

32
Q

1932 Presidential election-

A

Franklin Roosevelt defeated Hoover

33
Q

Brain Trust-

A

Roosevelt surrounds himself with college professors, experts, statisticians, and economists to figure out ways to fix depression

34
Q

bank holiday-

A

closed every bank in America

35
Q

Emergency banking Relief act

A

government would decide which banks were strong enough to stay open

36
Q

Fireside chats

A

Roosevelt’s radio addresses to the people of the United States. He assured the people.

37
Q

new deal

A

government program to combat great depression

38
Q

hundred days (March 9th- June 16th 1933)

A

Congress and the president passed legislation

39
Q

goals of the new deal

3R’s

A

relief- for the unemployed
recovery- get businesses, banks, and industries going
reform- make sure this does not happen again

40
Q

civilian Conservation corps

A

Put young men planting trees, working in parks, and building bridges

41
Q

Tennessee valley authority

A

built dams in the Tennessee valley, resulted in jobs and hydroelectricity

42
Q

federal emergency relief association

A

protected a depositor’s money in the bank up to a certain amount.

43
Q

rural electrification project

A

brought electricity to rural areas

44
Q

agricultural adjustment admin

A

pay farmers not to grow certain crops

45
Q

social security act

A

pensions for retired, elderly, disabled, handicapped, survivors

World History Semester 2 (119 decks)

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