Great Depression Flashcards
Events that serve as tools that determine if stock is going up or down or how well/not business is doing
Economic indicators
Used to crate jobs and improve the community for ex: building roads business benefit for providing materials but govt in debt for spending for supplies and wadges
Public works
Reasons why stock market crashed?
Over spending Over valued Unregulated stock market Unstable banks Banks structure
Govt loans $ 2 big business and eventually go to the people
Trickle down economic
Getting a loan from bank to buy stocks
Ppl buying on margin
When ppl breath in nitrates from the dust bowl
Dust namonia
Men who jumped on trains to find a job
Had their language
Hobo
When u take a loan from a bank and use it on goods
Ppl buying on credit
When a broker devices a client by trying to inflate the stock price
Speculation
When one person has privileged info about a co
Insider trade
A very long drought Prob for farmers
Dust bowl
Causes of dust bowl
Drought
No crop rotations
Govt encouraged to expand
No irrigation
WWI veterans who marched up to White House and demand their bonus
The bonus army
We’re “shanties” or shacks the homeless made. Tried to b next to transportation and/or big cities
Hoovervilles
Long lines waiting outside closed banks and lines for food
Unemployment lines
A neg word toward farmers moving to CA bc the were “dirty farmers”
Okies
Emergency banking relief act
A “bank holiday” all banks ordered to close for 4 days
Federal emergency relief act FERA
Crated states employement agencies in each state to assist in govt job programs 1st welfare
Civilian conservation corps CCC
Used young men to plant trees, develop parks, lodges, cabins etc…
Agricultural adjustment act AAA
Used to get rid of surplus and store in warehouse to get the money they taxed farm buianess corporation
National industrial recovery act NIRA
Regulate business and regulate prices, and general trade practices VETO
Public works administration PWA
Construction jobs
Tennessee valley authority TVA
Farm jobs helped poor farmers in application mts
Glass steagall act GSA
Reestablished federal reserve system and created the FDIC