Margaret's Flashcards
League of Nations
Established after WWI as a way for nations of the world to cooperate with international affairs
New freedom DONE
DONE A collection of speeches Woodrow Wilson made during his political campaign promising economic opportunity for all
Kellog-Briand Pact
Germany, France, and US signed it
It said they would not use war to solve disputes
Business cycle
The fluctuation in economic activity that an economy experiences over a period of time
Hawley-Smoot Tariff
Aimed to protect US farmers against agricultural imports
The highest tariff rates in history
Great Depression
Economic crisis and period of low business activity
October 29, 1929
“Black Tuesday” stock market crash marks the beginning of the Great Depression
RFC
Reconstruction finance corporation, provided financial support to state and local governments and gave loans during the Great Depression
Purposes of New Deal
Designed to improve the conditions of people suffering in the Great Depression
Work relief
Relief of the unemployed through wages paid for jobs provided by the government on public works
CCC DONE
DONE Civilian Conservation Corps
Public work relief program for unemployed, unmarried men
AAA DONE
DONE Agricultural Adjustment Act
Purpose was to force farmers to reduce the crop surplus
FHA DONE
DONEFederal Housing Administration
Set standards for construction, underwriting, and insures loans for home building
TVA DONE
DONETennessee Valley Authority
Provides navigation, flood control, electricity generation, and fertilizer manufacturing to the Tennessee Valley
NIRA
National Industrial Recovery Act
Passed to authorize the president to regulate industry in attempt to help economic recovery
