Great Depression/ New Deal Flashcards

1
Q

Farmers in the 1920s

A

Overused fields
New tactic of farming that was bad for the soil
Huge droughts led to huge dust storms in the midwest
This caused farmers to move from their fields to other states
-Became known as Okies because a lot were from Oklahoma
-Many moved to California

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2
Q

Social security

A

Provides benefits like pensions, unemployment insurance, and welfare
The goal was to create a savings plan for everyone, mainly meant for elderly retired people
The shining light of the new deal
Excluded minorities
Excluded farmers and domestic workers
It failed to cover nearly two-thirds of African Americans

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3
Q

Crash, Breadline

A

People who couldn’t afford food were supplied with free dinners

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4
Q

Bonus Army

A

Group of WWI veterans who were promised bonuses in 1945
They wanted it early due to the depression which led them to protest

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5
Q

Hoover, Hoovervilles

A

Groups of homeless people built makeshift shacks in groups of up to 10,000

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6
Q

Trickle Down economy

A

Groups of homeless people built makeshift shacks in groups of up to 10,000

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7
Q

New Deal (FDR)

A

FDR’s set of laws, organizations, and rules set to reform the country economically

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8
Q

FDR

A

Roosevelt directed the federal government during most of the Great Depression, implementing his New Deal domestic agenda in response to the worst economic crisis in U.S. history. He built the New Deal Coalition

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9
Q

Fireside chats

A

FDR utilized the media to make inspirational speeches on how his programs will reform the economy

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10
Q

CCC

A

Public relief program whose objective was to give young men environmental projects
The job was for men to protect national parks and the environment
Regarded by many as the most effective of the New Deal Agencies
Wants to attack the people riding the rails to give them direct aid and jobs

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11
Q

TVA

A

Tennessee Valley Authority was a reform act that was made to improve the Tennessee rivers’ flooding and navigability, and mainly used to provide cheap electricity to the public from the government

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12
Q

FDIC

A

A reform that was established to guarantee people that if they invest in a bank and it fails, they will be able to get their money back one way or another
Your insured money is protected

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13
Q

FHA

A

Home loans were put out at discounted rates
Increased homeownership to low and middle-class people
Provided housing
Gave homes at discounted rates

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14
Q

NRA

A

Had a goal to eliminate unfair trade practices, reduce unemployment, establish minimum wages and maximum hours, and guarantee the right of labor to bargain collectively
Deemed “Unconstitutional” because it put too many regulations on business

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15
Q

Bank Holiday

A

A week shut down of all the banks done by FDR
intended to cease bank failures and restore trust in the financial systems

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16
Q

SEC

A

Reform that specifically dealt with stock market rules and their enforcement
They want to safeguard investors and eventually boost the stock market to boost the economy
Still up and running today

17
Q

Huey Long

A

Thought the New Deal is too conservative
Most powerful man in Louisana
He appealed to the poor farmers
Argued there should be limits on how much a man should make, the rest would be dealt out to the rest of the poorer families
“Share the wealth” clubs popped up because of hit motto

18
Q

Welfare State

A

State that is committed to providing basic economic security for its citizens
Protecting them from market risks associated with old age, unemployment, accidents, and sickness

19
Q

FDR reforms

A
20
Q

AAA

A

farmers were paid to limit the production of their crops

21
Q

Father Coughlin

A

Believed that more needed to be done and he broadcasted this to the public