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Depression/New Deal Test > Depression/New Deal > Flashcards

Depression/New Deal Flashcards

1
Q

Deficit spending

A
  • “go into debt to get out of debt”

- spending more than what the government brings in

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2
Q

Black Tuesday

A

Name of the day the stock market crashed: October 29, 1929

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3
Q

Direct relief

A

Government providing assistance

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4
Q

Speculation

A
  • RISK
  • investing in risky businesses ventures
  • overestimating how long the good times will last
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5
Q

Hoovervilles

A

Makeshift shaft name after Hoover. Blaming him for the way they were living

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6
Q

Bank holiday

A
  • First major action of FDR
  • allowed banks to close so they can get an extra day to “catch their breath”
  • only reopened solid banks after evaluation
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7
Q

100 days

A

First 3 months of FDR presidency where the new deal programs were put in use

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8
Q

Dust Bowl

A

Drought and wind storm that caused depreciation of farm goods

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9
Q

Court packing incident

A
  • tarnished FDR reputation

- packing supreme court with people he knew would support the new deal

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10
Q

Wagner act

A
  • created and allowed FDIC

- Second part listed and protected against unfair business practices and helped settle disputes

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11
Q

Social Security

A

Provided pensions for retired workers

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12
Q

Glass-stegall banking act

A

Bell dealt with banks = FDIC

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13
Q

Smoot-Hawley tariff act

A

Bill raised tariffs to the highest level ever and was a failure

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14
Q

Federal project act (3parts)

A
  • promoted the arts
  • paid artists
  • created scholarships and education opportunities
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15
Q

The brain trust

A
  • FDR’s close group of advisers

- political dream team

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16
Q

TVA

A
  • dam built in Tennessee

- provided jobs to build, contracts for workers, and very inexpensive electricity for that region

17
Q

FDIC

A
  • insure banks

- insures investments in banks (US government guarantees investments in banks)

18
Q

WPA

A

Created jobs mostly for younger people (similar to CCC)

19
Q

AAA

A

Government paid farmers to not grow crops to increase price of farm products

20
Q

CCC

A
  • 18-25 worked to build parks, roads, etc.

- more strict than WPA

21
Q

NRA

A
  • Government takes over means of production, prices, etc. (socialism)
  • you didn’t have to join
  • groups of businesses involved set prices for businesses and quotas
  • benefits for businesses who joined
  • declared unconstitutional
22
Q

NYA

A

Created to help all youths

23
Q

American Gothic

A
  • famous painting that symbolized the depression and portrayed the hardships
  • painted by grant wood
24
Q

Huey long

A
  • One of the members of American liberty league

- slogan: share the wealth

25
Q

What were Hoovers attempts/programs to help or fix the depression?

A
  • volunteerism to get out of depression
  • believed in work programs. Did not believe in direct relief
  • Lent money to banks
  • created Hoover/boulder dams
  • RFC
  • Hooverville’s were not created by Hoover
26
Q

What were FDR’s attempts/programs to help or fix the depression?

A
  • believed in direct relief and deficit spending

- created the new deal with many programs including: CCC, AAA, NRA, WAA, FDIC, SEC, and social security

27
Q

List three pieces of the new deal and what they did

A
  • FDIC: insured banks and investments in banks
  • AAA: government paid farmers to not grow crops to increase price of farm products
  • CCC: ages 18 to 25 worked to build parks, roads, etc. more strict than WPA
28
Q

ESSAY: what were the causes of the Great Depression? Which was the most significant?

A
  • overproduction from World War I
  • over speculation in stock market
  • irresponsible spending habits, installment plan, buying stocks on margin, buying on credit
29
Q

American Liberty league

A

Conservative group that opposed the new deal

Depression/New Deal Test (1 decks)

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