Great Depression/FDR//New Deal Flashcards
Corporation
Legally organized company
Depression
Period of severely reduced economic activity and an increase in unemployment
Speculation
Way of gambling with short term investments / risk venture
Shares
Part ownership in a company
Recession
Signs of economic distress
Dividend
Payment to a shareholder
Buying on margin
Pay only a fraction of a stocks dollar value
Bank run
People went to banks to get all their money
Stock market
Public buying of companies
Moratorium
Temporary shutdown of operations
Dole
Government charity
Subsidy
Financial assistance
Unionization
Formation of unions
Demagogue
Leader who gains power by appealing to people’s prejudices and fears
Discrimination
Prejudicial treatment
Federal regulation
Expansion of federal government
Court packing
When Fdr wanted to ask MORE people to Supreme Court
Prime pumping
Government spends money which creates jobs which leads to more money which leads to more jobs
Tenant farmers
Paid to rent farm
Don’t own land they farm on
Charles E Coughlin
Roman Catholic priest with weekly radio show and wanted to nationalize banks and make them federal businesses
Frances Perkins
First woman in presidential cabinet
Francis Townsend
Wanted everyone above 60 to retire so more jobs would be there for younger people and they would receive a 200 dollar pension every month
Mary McLeod Bethune
Lead the NYA
JP Morgan
Big banker who puts money into the stock market
FDR
Suffered from polio ( age 39 )
President from 1933-1945
Had fireside chats
Huey P Long
Contemporary to couglin Senator Abolished local Louisiana governments which put himself in control Share our wealth campaign Killed in 1935
Popular comic books
Tarzan
Super man
Dick Tracy
lil abner
Black Tuesday
October 29th 1929 Worst day in history of ny stock exchange 13 millions shares hanged hands 25 bill lost in one day Triggered nationwide business depression
Black Thursday
October 24 1929
Falling prices
Problem for margin buyers
Richard Whitney ( called jp Morgan who puts money into stock market )
3 r’s of fdrs presidency
Relief
aimed at providing temporary help to suffering and unemployed Americans
Recovery
designed to help the economy bounce back from depression.
Reform
targeted the causes of the depression and sought to prevent a crisis like it from happening again.
Dust bowl
Severe drought in the Great Plains Robert Geiger came up with name
Men deserting families
Men were so ashamed they couldn’t find work that they would leave
Fdrs VPS
John garner
Henry a Wallace
Harry s Truman
Causes of Great Depression
Stock market
Federal reserve bank ( didn’t help other banks )
Farmers ( were falling behind )
Wages ( not keeping up with costs of time which Led to lay offs )
Factories
Black blizzards
Dust storms during the dust bowl
Change in movies
Added sound and color
Hoovervilles and all things Hoover
Hoovervilles shacks built with random materials
Hoover blankets aka newspapers
Hoover flags people’s pockets would sit inside out to show they had no money
Hoover wagons aka broken cars
Oakies
Derogatory term for people west states but up borders
Unemployment
Increased
1/4 people were unemployed
CCC
Civilian conservations corps
Employed young men and the unemployed to build national and state parks
WPA
Work programs admin
Employed people for construction maintenance education and creative projects
TVA
Tennessee valley authority
Provides funds for the development and electrification of the Tennessee river authority
TN KY GA VA NC AL
NYA
Provides work and education for Americans 16-25 years old
Wagner act
Set up nlrb
Restored rights for workers to join unions and bargain congress for industrial organization
Expelled by AF of L ( federations of labor )
Social security
Pensions ( social insurance and paid while working to receive money when too old )
Public assistance ( prove NEED mainly only for aged blond or with dependent kids )
Unemployment (payroll tax deduction and collect it when laid off )
New deals deemed unconstitutionally
AAA used taxation
NRA objected to a multitude of their codes
Indian reorganization act
Big advantage for native Americans
Legacy of new deal
Played a big role for our government today
Payed a part in our expansive government
Route 66
Road people traveled on to get to CA
The mother road
20th amendment
The lame duck amendment
Changed inauguration from march to January
21st amendment
Repeals 18th amendment
Grapes of wrath
Exposed and showed hardships of Great Depression
Gone with the wind
Fines for swearing
Won an award
Advantages for women
High positions ( ambassadors and courts )
Eleanor ( only interviewed by women )
Disadvantages for women
Least likely conflict with men
Limited influence
Unfair treatment
The married were not often hired
Advantages for African Americans
Black cabinet ( Langston hue Mary McLeod Bethune will hastie web Dubois and booker to Washington ) Booker ( money for hospitals universities and housing )
African Americans disadvantages
Fdr failed on civil rights issues Discrimination TVA refused to hire Segregation Lower wages
Native Americans advantages
Indian reorganization act Promote an culture Preserve tribal ownership of reservations Give an control of reservations Decide how to manage lands
Native Americans disadvantages
Discrimination
Deprivations
Degrading policies
Average Income is $48 a year
John collier
Head of the Indian reorganization act
Harold Ickes
U.S. Secretary of the Interior under FDR. He headed the Public Works Administration. Formerly a “bull mooser” he was involved with TR in 1912.
FDIC
Ensured savings accounts in banks approved bY the government
NIRA
Created works codes and industry standards
Workers were permitted join unions petitions for farmers to get a fair share of AAA payments have non violent protests and showed that African Americans and whites could work together
REA
Lent money to rural cooperatives for the building of power plants
SEC
a government commission created by U.S. Congress with goals of protecting investors, maintaining fair and orderly functioning of securities markets, and facilitating capital formation.
Electricity
The fridge was the most sought after
Eased burdensome household chores like washing and ironing clothes
What roles did radios play?
The radios were a social focus of the family
Was a communications link to outside world
Housewives companions while doing housework
Gave unemployed the comfort of company
Occupied kids
Enlivened long winter evenings
Radios and controversy
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How did the radios become the pattern for television programming?
Daytime radio included soap operas panel discussions and quiz shows designed to appeal to women working at home
The Kate afternoon children’s programs came on LIKE adventures stories such as the Lone Ranger and supermen which originated in the 30’d
The evening was reserve for news programs variety shows comedy hours dramatic presentations of plays and live Mahican performances
Sponsored by bid name corporations radio programs tended to avoid controversial issues