Gd Flashcards
Recovery
Programs to restart economic growth
Recession
Gov. Cut funding for new deal programs
Reform
Prevent causes of gd
Relief
Ease suffering of American ppl
Margin buying
Buy stocks//risk of losing money while hoping prices will go up
Trickle-down economics
Giving $ to wealthy//hope it will pass down to poor
Wet
People against prohibition
Hawley-smoot tariff
High protective tariff//farmers lost 1/2 of income
Fireside chats
Radio broadcasts by FDR
Dry
Ppl for prohibition
Credit
Money bank will let you use//pay back later
Broker state
Working out conflicts between diff. Interests
Brain trust
Experts who advised FDR and his new deal programs
20th amendment
Moved up presidents inauguration date
Causes prices to change
Supply- more product
Price down=more demand
Higher desire=higher price
Role of govt in economy
Create new jobs//new deal
Effects of the stock market crash
Hungar//salaries cut//tariffs
FDRS first days as president
Set up new deal//closed all banks
Hoovervilles
Makeshift community
Dust bowl
Drought//dirty
Father coughlin
Radio show about policies// tax wealthy-everyone gets income- elderly gets money
Flaws of the U.S. Economy before the crash
Over speculation//too much money//trusted banks too much
Hovers response to the crash/GD
Part of a passing recession
Supreme Court packing controversy-what was it what effect did it have?
Changing how govt ran//unsucccessful
1937 recession-what was it what good game out of it
Production profits raised//ppl had more jobs
Legacy of the new deal
Created new jobs//restored hope
Bonus army
Shoulders marched on dc//didn’t get rewards for fighting
Causes of stock market crash
Lost market value//led to GD//ppl unemployed more
Reconstruction finance corp
Provided financial support to govt. made loans
