More..... Flashcards

0
Q

Depression hit Arkansas

A
  • 192 banks failed
  • nearly one half of all businesses closed
  • 245,000 Arkansans lost their jobs
  • local and country governments were without funds
  • States debt began to grow
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1
Q

Great depression

A
  • serious and worldwide economic decline of the 1930s
  • production of goods and service drastically
  • unemployment rate jumped to 25%
  • over 100,000 businesses and banks declare bankruptcy
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2
Q

Hattie Caraway

A
  • Husband, Thad Caraway died while senator for Arkansas
  • hattie was named to fill the Senate seat in the November 1931
  • In 1932 hattie complained to full Senate seat for full-term opposing six men
  • she won by a large margin
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3
Q

Election of 1932

A

-pres. Herbert hoorer did nothing to help Americans and it cost him reelection
-Franklin Delano Roosevelt
•Elected president in 1932
•Willing to try new federal programs to help Americans
• hundred days

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4
Q

Hundred days

A

Actions taken by FDR during his first days in office to alleviate the effects of the depression

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5
Q

The new deal

A
FDR's plan to bring the US out of depression
-relief for the needy
-recovery for businesses
-reform for the economic system
Bank holiday
Peficit spending
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6
Q

Bank holiday

A

Close all banks in the US; only allowed to reopen when proved financially strong

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7
Q

Preficit spending

A

Using borrow money to fund government programs

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8
Q

New deal programs

A

FDIC
FARA
SOCIAL SECURITY
AAA

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9
Q

FDIC

A

Federal deposit insurance Corp.

Formed to back savings account

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10
Q

FERA

A

Federal emergency relief administration

9 million to AR; provided food, shelter, and money for the unemployed

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11
Q

FERA ended because of

A

WPA

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12
Q

Social Security

A

Collected taxes to pay pensions for retired, disabled and unemployed

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13
Q

AAA

A

Agricultural adjustment act

Paid farmers not to grow crops, as quantity decreased prices stabilized

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14
Q

Southern tenant farmers union

A
  • aaa
  • Payments went to landowners not tenants, who farmed the land. Landowners did not share money. Union was formed by black and white sharecroppers.
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15
Q

Liberal

A

One supportive of government programs

16
Q

Conservative

A

One opposed to government programs

17
Q

Public works programs

A

Government funded construction program

18
Q

Laissez faire

A

Opposed to government regulation, hands off policy

19
Q

Dyess colony

A
  • Roosevelt created Farm security administration (FSA)-aimed at moving displaced farmers on to new lands
  • used Arkansas program as model- W.R Dyess, states FERA chief in plantation owner, used FERA funds to create an ideal farm community for Arkansas’s relief clients
  • divided 16000 acres into 500 Farmsteads for 3000 white Arkansans
  • designed shape of Wagonwheel
  • communal-all profits shared