Depression Flashcards
whats stock speculation
people buy and sell stocks to make a quick buck
what cause a rise in stock price
the demand of them
5,3
whats black Tuesday
october 29,1929 (many people sold stocks)
what happened to many people due to the market crash
lost everything
what happened to other countries at this time
effected too because of ties to US and our production
what happened to factories
cut employees, declared bankruptcy, unemployment
what did president Hoover do about the depression
did not believe in govt help, asked charities to help out, soup kitchens
what are hoovervilles
shanty towns built out of cardboard and scraps
what are hooversteaks
rats and squirrels
what are hooverblankets
newspaper
what did public works do
build schools, dams, pave highways, (Hoover dam)
what did the reconstruction finance Corp do
loan money to RR, banks, insurance companies
what did veterans of WWI want
bonus
what did Hoover do that caused him to completely lose his support
declared army to clear previous veterans with forceq
who wins the election of 1932
FDR
what did FDR promise
a “New Deal”
how do people determine who is a good president
what they get done in 100 days (created by FDR)
who is frances perkins
sec of labor, 1st woman cabinet member
what are the 3 R’s
relief, recovery, reform
whats relief
to help the unemployed and needy
whats recovery
of business and agriculture
whats reform
change the way business does business and prevent another depression
whats the brain trust
group of economic advisors from all the best and brightest schools
whats the black cabinet
unofficial advisors on race relations and how the depression is affecting them
how did FDR spread his words across the country
radio, fireside chats
what did the fireside chats do during the depression
spread the situation of the country very clearly over radio, convinced everyone to return money to banks
