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US History > Great Depression and FDR > Flashcards

Great Depression and FDR Flashcards

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1
Q

Buying on margin

A

Paying with credit

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2
Q

AAA

A

Agriculture Adjustment Act, 1933 - Payed farmers not to farm to stop overproduction: Relief, Recovery

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3
Q

Hoovervilles

A

Nickname for shantytowns

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4
Q

Federal Reserve

A

Federal banking authority

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5
Q

CCC

A

Civilian Conservation Corps, 1933 - Cut down unemployment through manual labor: Reform

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6
Q

margin call

A

Demand by brokers that investors pay back loans made on stocks purchased by margin

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7
Q

Dust Bowl

A

Southern plains damaged by drought and duststorms

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8
Q

EBA

A

Emergency Banking Act, 1933 - A National Bank Holiday to get more money to banks: Relief

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9
Q

Causes of Great Depression

A
  1. Unequal distribution of wealth 2. High tariffs and war debt 3.Overproduction in industry 4. Farm overproduction 5. Election: Hoover v. Smith 6. Federal Reserve monetary policy 7. Stock Market crash
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10
Q

Tariffs

A

A tax on imports or exports

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11
Q

FDIC

A

Federal Deposit Insurance Corporation, 1933 - Insures money in the banks: Reform

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12
Q

FHA

A

Federal Housing Administration, 1934 - Ensured house loans and mortgages: Recovery, Reform

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13
Q

Bank Holiday

A

FDR closed the banks to get them more money so people would trust in them again

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14
Q

Social Liberalism

A

an ideology that believes the state should establish rules and regulations to extend personal rights and freedoms

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15
Q

2nd new deal

A

Open criticism, reform, social security

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16
Q

Volstead Act

A

Legalize and tax alcohol

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17
Q

NLRB

A

National Labor Relations Board, 1934 - Enforces that companies cannot enforce bans on employees protesting: Reform

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18
Q

Court packing

A

FDR’s plan to add new justices to the supreme court that were in favor of the New Deal

19
Q

Fireside chats

A

FDR shared with the nation what was happening over radio

20
Q

NRA

A

National Recovery Administration, 1933 - set minimum wages and working hours

21
Q

Herbert Hoover

A

The president during the stock market crash; lassez faire approach to govt

22
Q

NYA

A

National Youth Administration, 1935 - Provided work and education to people ages 6-25: Reform

23
Q

Default

A

Failure to pay

24
Q

Unequal distribution of wealth

A

rural poverty, credit, wealth gap, no savings

25
Q

Bonus Army

A

WWI veterans who wanted their promised bonus early

26
Q

REA

A

Rural Electrification Administration, 1935 - Provide electricity in rural areas: Relief, Reform

27
Q

High tariffs and war debt

A

Europe owed US money but couldn’t pay

28
Q

Overproduction

A

Factories produced products but no one was buying so were forced to lay people off, farm incomes dropped due to overproduction

29
Q

FDR

A

32nd president, helped the American people out of the great depression

30
Q

SSB

A

Social Security Board, 1935 - Provided funding for sick, disabled, elderly: Reform

31
Q

Election: Hoover v. Smith

A

Govt. did not get involved in economy in the past

32
Q

TVA

A

Tennessee Valley Authority, 1937 - Built dams, etc. in south: Relief, Recovery

33
Q

Federal Reserve Monetary Policy

A

Created to stabilize economy, manipulates money supply to strength economy, did not help banks

34
Q

Stock Market Crash

A

October 1929, over priced stocks, no safety net, massive fraud, margin buying

35
Q

WPA

A

Works progress Administration, 1935 - Jobs for people who couldn’t find them, built hospitals, schools

36
Q

Constitutionality of New Deal

A

Believed FDR had too much power, the govt was taking too much control

37
Q

Bank runs

A

when a large number of customers withdraw their deposits at the same time

38
Q

American Liberty League

A

political organization formed in 1934 by conservative democrats to oppose new deal and FDR’s election

39
Q

Relief, Reform and Recovery

A

FDR’s objectives with his New Deal

40
Q

Safety nets

A

For the economy

41
Q

First hundred Days

A

15 major bills, closed banks, fireside chats

42
Q

Eleanor Roosevelt

A

Independent, humanitarium

43
Q

Huey Long

A

Opposer to FDR, Radical populist

44
Q

1st New Deal

A

Domestic programs implemented by FDR to help the US recover, relief , Recovery, increased govt. responsibility of Am. welfare

US History (3 decks)

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