Chapter 25 Flashcards
The winter of 1932-1933 had been particularly cruel for Americans: _____ soared and stories of _____ made headlines in newspapers throughout the nation
- Unemployment.
* Malnutrition and outright starvation.
Responses to FDR’s radio addressing of the nation in his “fireside chats” were overwhelmingly _____.
• Positive.
FDR’s programs of the New Deal were part of his promise to make America a country where “_____,” under his assertion that there should be no “_____.” Although his policies failed to address _____ that precluded the new deal for many Americans, they did _____ confidence in Americans and the role of federal activity permanently transformed _____.
- No one was left out.
- No forgotten man and no forgotten races.
- Racism and sexism.
- Restore.
- The nation’s responsibility for the welfare of its citizens.
The prosperity of the 1920s ended in a _____. The nation slid into a catastrophic _____, factories _____, employment and incomes _____, and millions lost their _____.
- Stock market crash.
- Depression.
- Closed.
- Tumbled.
- Homes.
From 1927 to 1929, the market had _____, stimulated by _____. After _____ in September, it suffered _____, and on October 29, known as “_____,” panicked investors _____ in one day.
- Hit record highs.
- Optimism, easy credit, and speculators’ manipulation.
- Peaking.
- Several sharp checks.
- Black Tuesday.
- dumped their stocks and wiped out a year’s gains in one day.
Wall Street crash did not cause the depression; instead, it stemmed from weakness in _____, most damaging being its _____. Workers’ wages and farmers’ income had _____, and the purchasing power required to maintain the economy was stifled by _____.
- New Era economy.
- Unequal distribution of income and wealth.
- Fallen far behind industrial productivity and corporate profits.
- More than half of the nation’s people living below the subsistence level.
