clios notes gd nd Flashcards
5 causes of gd
unregulated financial institutions, overproduction, high tariffs, maldistribution of wealth, bad monetary policies
banks and stock market; unstable groups took money
unregulated financial institutions
when investors borrow money from broker to buy stocks. resulted in overvalued stocks
on margin
a nickname for 10/29/29, when many pulled out of stocks
black tuesday
when companies make too much or consumers buy too little
overproduction/underconsumption
passed in the 20s and 30s to protect american business
high tariffs
an act used to protect american business but instead resulted in a trade war
smoot-hawley tariff act
the rich and poor gap was wide in 20s, and wealthy can only consume so much
maldistribution of wealth
the fed implemented these (like more expensive borrowing), making depression worse
bad monetary policies
a result of farmers planting on thin and dry soil. created dust storms after windy drought
dust bowl
people from oklahoma and arkansas respectively. most headed west to escape dust bowl
okies and arkies
folk singer-songwriter who mostly wrote about socialism and anti-fascism
woodie guthrie
an american realist novel related to the south in the gd. written by john steinbeck
the grapes of wrath
he wrote the grapes of wrath
john steinbeck
ran for cali gov to eliminate poverty
upton sinclair
conservative republican president from 29-33
herbert hoover
corp made by hoover to loan businesses money
reconstruction finance corperation (rfc)
homeless encampments/shantytowns named to mock hoover
hoovervilles
president from 33-45 who solved lots of gd problems
franklin roosevelt (fdr)
the first 3 months of fdrs presidency in which congress was very active. 15 major programs were passed
first hundred days
the second stage (35-36) of fdrs new deal programs
second new deal
the 3 Rs fdr wanted to solve with the new deal programs
relief, reform, recovery
this, designed to end bank runs, declared a bank holiday and gave federal cash to struggling banks
emergency banking relief act
this shut down bank systems for a week via emergency banking relief act
bank holiday
this set wages/prices for businesses and gave workers more rights
national industrial recovery act
an agency designed to restrict market manipulation and regulate the market
securities and exchange comission
paid farmers to not plant and kill livestock to reduce supply and raise prices
agricultural adjustment act
this funded both public works and art
works progress administration
this gave insurance against unemployment (and created the SS program)
social security act
helped workers with labor actions and grievances
national labor relations board
built flood control dams and gave tennessee hydroelectric powers
tennessee valley authority
part of the glass-steagall act which gave government insurance of bank deposits
federal deposit and insurance corperation
this created the federal deposit & insurance corp and separated types of banking
glass-steagall act
this gave $500 million of direct relief to the poor
federal emergency relief act
allowed collective bargaining and unions
wagner act
when workers bargain as a group
collective bargaining
gave federal public work jobs for 250,000 men
civilian conservation corps
created a plan to give everyone over 60 extra pension
francis townshend
believed the entire bank system needed to be reformed
father charles coughlin
he wanted the ‘share our wealth’ program
huey long
huey long’s program that distributed money evenly among people
share our wealth
share our wealth’s slogan
every man king
the main right-leaning critic of fdr’s plan
supreme court
they wanted lower taxes and less regulations. critics of fdr’s plans
american liberty league
the more aggressive counterpart of the AFL that used strikes
congress of industrial organizations
the less aggressive union that used strikes as a last resort
american federation of labor
primarily used by CIO to get workers rights
strikes
