Chapter 21- 1930's Flashcards
What President is forever linked to the Great Dpression?
Herbert Hoover
Things during the Depression were given labels such as Hoovervilles or Hoover blankets
List some of the causes of the Great Depression.
Growing debt of consumers in the 1920's Greedy business men- large profits Government- failure to intervene International Economy- European debt to US Eagerness of Americans to incur debt Growth of pessimism
What was the National Credit Corp.?
Created to assist failing banks
What did the government urge people to do to prevent effects of the Depression?
Urged businesses to keep workers and maintain wages, to invest in new construction, urged Congress to aid farmers, emergency commission for employment
What is unearned an unearned government handout?
Dole
What was the Emergency Releif and Construction Act and what did it accomplish?
Established Reconstruction Finance Corp. (offered $500M in loans to business)
What was the Hawley-Smoot Tariff?
Highest tariff in history; one of the most harmful actions in the Depression
What was the group of WWI Veterans who demanded an early bonus called?
Bonus Expeditionary Force
Who ran in the election of 1932?
Hoover vs. FDR (New Deal)
What was FDR’s Brain Trust?
A group of advisors to Roosevelt who formulated a plan to overcome depression
What was the Emergency Banking Act?
Declared a bank holiday to calm fears (4 days)
What was the Civilian Conservation Corp?
Land improvement projects done by young unmarried men
What was the Tennessee Valley Authority?
Project to build dams and provide cheap electricity
What were FDR’s talks on the radio called?
Fireside chats
What were the 3 R’s of the New Deal?
Relief, Recovery, and Reform
