Great Depression Flashcards

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1
Q

Bank Trust

A

College Professors who were experts on economic issues.

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2
Q

Bank Holiday

A

FDR closed every bank in the country for 4 days until they could meet their deposits.

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3
Q

Emergency Banking Relief Act

A

Only those with banks with enough funds to meet depositors demand could reopen.

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4
Q

Fireside Chats

A

Radio speeches that FDR gave from a chair near a fireplace in the White House. FDR gave 30 speeches.

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5
Q

New Deal

A

Relief for the jobless
Recovery of the economy
Reforms to prevent another depression

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6
Q

Over Production

A

Factories and Farms produced vast amounts of goods.

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7
Q

Weak Banks

A

Banks made unwise loans. For example banks lent money to invest in stock market.

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8
Q

Bankrupt

A

Unable to pay debts.

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9
Q

Relief Programs

A

Programs to help the needy.

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10
Q

Soup Kitchens

A

Places where the hungry could get a free meal.

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11
Q

Public Works

A

Projects built by government for public use. The government hired workers to build schools, construct dams, and pave highways.

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12
Q

Bonus

A

additional sum of money.

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13
Q

Bonus Army

A

Jobless veterns who marched to Washington to demand the bonus right away.

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