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