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Great Depression Flashcards

1
Q

stock market crash

A

key cause of GD

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2
Q

black tuesday

A

stocks crashed

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3
Q

bull market

A

steady increase of stock

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4
Q

bear market

A

steady decrease of stock

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5
Q

buying on margin

A

buying stock by paying a percentage of a stocks price and borrowing the rest if the money from a broker, allowing to make greater profits if the stock goes well

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6
Q

bank runs

A

large number of people went to bank to withdraw money, fear that banks will close

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7
Q

overproduction

A

situation in which more goods are being produced than people can afford to buy

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8
Q

underconsumption

A

situation in which people are purchasing fewer goods than the economy is producing

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9
Q

Fed reserve system

A

banking athority of the US, manages nations money supply

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10
Q

discount rate

A

rate of intrest at which banks belong to the federal reserve system can borrow money from the federal reserve bank

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11
Q

hawley-smoot tariff act

A

law passed by congress to raise tariffs on imported goods, in order to protect US buisness and farmers

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12
Q

speculative bubble

A

unrealistic economic value

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13
Q

bonus army

A

group of war vets that requested early payment of retirment bonus to help them through the hard economic times of GD

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14
Q

buisness cycle

A

economic system reoccurring of growth, decline, panic, and recovery

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15
Q

what were different responses to the new deal?

A

liberal, radical and conservative

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16
Q

liberal

A

wanted expansion of liberty

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17
Q

conservative

A

someone who cherishes and seeks to preserve traditional customs and values

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18
Q

radical

A

someone that wants to make oscial, political, or economical changes in society

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19
Q

trickle down theory

A

economic policy in which the gov attempts to indirectly aid the needy by promoting economic growth at the business level in the hope that it will influence prosperity at all levels

20
Q

RFC

A

provides loans to banks, railroads, and big uisness and later also to farmers and public works projects

21
Q

new deal

A

Franklin D roosevelts domestic progam from 1933 to 1939 which aimed to bring about immediete economic relif from the GD

22
Q

1st 100 days

A

1st 3 month or roosevelts presidency, in which congressed passed a record of bills in order to impliment the new deal and provide relif, recovery, and reform from the GD

23
Q

living wage

A

minimum wage

24
Q

property values

A

the worth or real estate on the market

25
Q

fore closure

A

legal process by which a lender takes over a property it has helped borrower buy, usually bc the buyer has failed to make payments

26
Q

black blizzard

A

severe dust storm

27
Q

dust bowl

A

nickname of the great plains

28
Q

dessertification

A

land becomes dry and desert like

29
Q

okies

A

people that migrated from the dust bowl to Cali during the GD

30
Q

great flood of 1936

A

flood in new england, record breaking, east cost

31
Q

publi assistance

A

public aid

32
Q

AAA

A

part of new deal, fed agency created by congress in 1933 to reduce farmers crop production and restore prices of their goods to reasonable levels

33
Q

CCC

A

work relief program, provided work (5 for me 25 for home)

34
Q

demagouge

A

political leader that gains power by appealing to peoples emotions and prejudices, RATHER THAT ARGUMENT

35
Q

WPA

A

work relief org. provided work for unemployed during the GD

36
Q

wagner act

A

protects workers rights to organize into unions

37
Q

social security act

A

establish federal programs to offer old-age assistance and beifits, unemployment compensation

38
Q

mandate

A

athority bestowed on a canidate by an electoral victory

39
Q

CIO

A

organized workers by industry rather than by occupation or skill

40
Q

welfare state

A

gov takes resposibility for the economic well being of its citizens by providing programs and direct assistance

41
Q

WPA

A

Puts Americans to work on nation projects, gives jobs
Largest most expensive
Relief and recovery

42
Q

AAA

A

Help farmers by decreasing production, should boost the price of surplus food they have relief or recovery
Ruled unconstitutional

43
Q

TVA

A

Build dams along river
All 3
Managed flooding

44
Q

CCC

A

Gave young men jobs planting trees and working on conservation projects
Relief recovery
Provided direct unemployment relief
Made 30 5 them 25 family

45
Q

SSA

A

Provides unemployment disability and retirement benefits
All 3
Yes, still around

46
Q

Securities and exchange commission

A

Regulated the securities market and protected investors

Reform

47
Q

FDIC

A

Independent agency of the US, preserves public confidence in banking system by insuring deposits

US History (9 decks)

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