Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

US History > Depression > Flashcards

Depression Flashcards

You may prefer our related Brainscape-certified flashcards:
AP® U.S. History flashcards World History 101 flashcards European History 101 flashcards AP® European History flashcards AP® World History flashcards World History 102 flashcards U.S. Geography flashcards U.S. History 101 flashcards U.S. History 102 flashcards
1
Q

What is a bull market

A

Stock prices rise, encourages buying

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is margin buying

A

Purchasing stocks with credit

Investors going into debt

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Did anyone predict a crash

A

Economists

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What was Black Thursday

A

The crash
October 24, 1929 - market spirals toward crash
Investors nervous about rising interest rates, so they sold their shares, lost their confidence in the market, and share prices plunge

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is Black Tuesday

A

Panicked investors sold or dumped 16 million shares of stock on the market
Investors in debt ruined

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What happened at the end of 1929

A

$30 billion lost by stock holders

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What was the banking crisis

A

Only small number of Americans owned stock
Large banks begin to suffer because investors can’t pay back loans
Banks close
Customers run on banks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is it called when investors can’t pay back bank loans

A

Defaulting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

How many banks failed between 1930-1932

A

5000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What caused economic trouble in Europe

A

War debt

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Why did world trade decline

A

Americans not purchasing foreign goods
Foreign nations not purchasing American goods
Us tariffs on imported goods increase

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Why did buying power go down

A

Only 7% of Americans had buying power to Boost economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What did some economists think about the depression

A

It was regular for free enterprise

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What was hoover’s response

A

No direct government relief

Rugged individualism

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Who did Americans blame

A

Hoover

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What did Americans do to mock Hoover

A

Call their slums Hoovervilles

17
Q

What happened with the bonus army

A

10000 WWI vets protested in DC because the bill to grant them money had been rejected by congress
Hoover had the army forcefully remove them

18
Q

What happened after the bonus army

A

Hoover is hated, FDR sweeps election of 1932

19
Q

What was the new deal

A

15 relief and recover measures, all of which approved by congress
Banks take a holidAY
FERA
CCC

20
Q

What happened with the banks taking a holiday

A

Roosevelt issued a proclamation closing every bank in the nation for a few days
Designed to stop massive withdrawals

21
Q

What did Roosevelt. Do

A

Got on radio - fireside chats

Assured Americans that banks were safe for their money

22
Q

What was the FERA

A

Federal emergency relief administration

Created to distribute $%00 million of aid to state and local agencies

23
Q

American reaction to FERA

A

Wanted to earn money, not get charity

24
Q

What was the CCC

A

Civilian conservation corps
Established by congress
2.5 million young men employed in the 10 year span

25
Q

What did hte CCC do

A

Planted trees
Created park trails
Earned $30 a month

26
Q

What did the new deal do for agriculture

A

Agricultural adjustment administration (AAA)
Paid farmers to reduce output of crops
Created demand, raised price
Increased taxes on food processors, flour mills, and meat packers

27
Q

What was the TN Valley authority

A

Provided electricity to poor communities

Controlled flooding

28
Q

Critiques of the new deal

A

Conservatives and liberal unhappy
Some argue new deal measures are destroying the constitution
Supreme Court rules certain new deal reforms unconstitutional
AAA destroyed

29
Q

What was the second new deal

A

Emphasized long term reform

Social security act

30
Q

What was the social security act

A

1935

Provides unemployment insurance, pensions to retired workers 65+, and payments to people with disabilities

31
Q

What was the dust bowl

A

Sever drought that struck Great Plains
50 million acres wasteland
Farmers headed west

32
Q

What is an okie

A

Dust bowl farmer who set out to California

33
Q

What road did farmers take west

A

Route 66

34
Q

How did farmers see California

A

Promised land

35
Q

What did the influx of migrant workers do

A

Drove wages down

36
Q

Photography

A

Federal government pays to have pictures taken depicting US poverty

37
Q

What was one cause of depression

A

Americans confident in economy and used credit

US History (13 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions