GD Flashcards
(37 cards)
was buying on credit a cause, characteristic, or response to the GD?
cause
what is speculation?
buying and selling risky items in the hope of making a quick profit
what is economic depression?
severe economic slump, specifically the worst in US history
was the Stock Market Crash a c, c, or r?
CAUSE
when was black Tuesday?
October 29, 1929
when was the great depression?
1929-1941
what were some of the main causes of the great depression?
loss of life savings, high unemployment, poverty, dust bowl, debt, high homeless rate
what was the reconstruction finance corporation?
pres. hoover gave gov-funded loans to banks and railroads. hoovers response to the GD
what were public works projects?
gov.-funded projects to assist individuals, families, and communities in need
what was the hoover dam?
public works project, 1922-1929, still in use today, provided 5000 jobs and hyro-electric power to arizona, and nevada.
what was the bonus army?
15,000 WW1 veterans promised bonuses for their service
what was hooverville?
small, makeshift camps made by migrants because they lost their jobs and could no longer pay for a house
First New Deal
created from 1933-1935 to fight the depression
hundred days
many laws were passed in congress to fight the depression
fireside chats
FDR talked about his policies on the radio in a casual style
second new deal
created from 1935-1937 as an extention to the first new deal
social security act
a law the created fund for assisting retired workers and the unemployed
deficit spending
FDR cut back on his new deal programs. as a result, the nation’s economy dropped and unemployment levels rose again
Tennessee valley authority
brought electricity, fertilizer, and jobs to the tennessee valley area
FDR’s court-packing bill
add more justices to the supreme court
dust bowl
region including parts of oklahoma, texas, colorado, and new mexico in which farms were damaged by overworked, dry soil leading to dust storms, so people moved to california in search of jobs in 1940
bread lines
lines that people stood in to receive food for themselves and their families because they could not afford food.
20th amendment
moved inauguration from march to january to reduce the “lame duck” period
works progress administration
gave jobs to millions of people to take part in public works projects
