Great Depression Flashcards
Buying on margin
10% down on stocks and 90% borrowed
Major cause of market crash of 1929
Percent of unemployment after depression of 1929
25%
Hoovervilles
Tent city’s people lived in during the 1929 economic crisis
Worst year of the Great Depression/ worst economic year in American history
1932
What was FDR’s relation to TR
TRs younger cousin
Everyone thought what about young FDR
He was a rich boy cousin of TR which is why he got the jobs he did
Two things that changed FDR’s life
Married his cousin Eleanor
Contracts polio
When did FDR contract polio
Summer 1921
3 ways polio changed him( FDR)
Being in a wheelchair
Warm springs Georgia
People abandon him
In 1928 FDR is —-
Governer of ny. Watches Hoover fuck up
FDR elected in—-
1932
21st amendment
Makes liquor legal again
Radio chats where FDR would explain his policies and ideas. Made people feel close to him.
Fireside chats
FDR would close banks for a few days so that no transactions would occur and that way he could get a handle on the situation and make changes
Bank holidays
FDIC
Federal deposit insurance corporation
Gaurenteed a persons money in the bank up to a certain amount
HOLC
Home owners loan corporation
Farm & home owners would get help financing existing mortgages to keep homes and farms
fSA federal securities act
Restructured the stock market so hopefully it would no crash
NIRA or NRA
National industrial recovery act Established four things Fair bus practices Price setting Minimum wage Unions the right to collective bargaining ( overturned by supreme c)
AAA
Agricultural adjustment act
Gov. Controlled food grown by farmers and subsidized crops
TVA
Tennessee valley authority
Brought power to south east. Hydroelectric power plants & dams
CCC
Civilian Conservation corps.
Gave young men jobs replanting forests
3 causes to Great Depression
1) overproduction of goods
2) overproduction of farming ( dust bowl )
3) stock market crash
PWA
Public works administration
Gave jobs building roads, sewers, public buildings
How much did CCC pay
1 dollar a day
CCC gave how many jobs
Over 2 million
WPA
Works progress administration
Gave construction jobs but also set of jobs for artists
Works progress administration
2 sub sets
Federal writers project
Federal theater project
Wagner act
Supported three things for unions
Right to organize
Collective bargaining
Prevented a black list
Out of the Wagner act came what
NLRB
National labor relations board- enforces Wagner act idea
CIO
And who formed it
For who
Congress of industrial organizations
John L. Lewis
Unskilled workers
Indian reorganization act.
Ended the Dawes act. Allowed Indians to live on own land encouraged tribal self government
Good neighbor policy
Us will stay out of Latin American affairs
Fair labor standards act
44 hour work week
Outlaws child labor( under 16)
Minimum wage reinstalled
France’s Perkins
Woman who witnesses triangle fires and became first woman appointed to presidents cabinet
Frances Perkins
Secretary of labor
Play about labor unions that led to the cutting of funding to the federal theater project
Cradle will rock
Who runs for gov. Of California in 1934
Upton Sinclair
When does Hitler officially take over Germany
Jan 30 1933
Munich agreement
Give hitler the sudatin land if he promises not to take anything else
What event officialy starts world war 3
Germany invaded Poland
Date Germany invades Poland
Sept. 1 1939
America first
Isolationist group
Most well know member
Charles Lindberg
First person to fly to Europe
Charles Lindberg
Name of the plane Lindbergh flew to Europe
Spirit of at. Louis
First peacetime draft in American history
1940 selective training and service act
1940 FDR elected- significance
3rd time
1041 lend lease program
Gives tools of war to Europe
Arsenal of democracy
A Philip randolf
Asks FDR to pass law saying that blacks have to get jobs in the lend lease / war effort
June 1941 Hitler makes the mother of all mistakes
Attacks Russia
