Purple-7 Flashcards
Henry Ford
Known for his creation of mass production
Buying on credit and the installment plan
New methods of purchasing that became popular during the 1920s; led to the Great Depression
overproduction and undercomsumption
Important cause of the Great Depression- happened in manufacturing and in farming
Buying on margin
Buying stocks on credit
Stock Market Crash
October, 1929
Great Depression
Severe economic recession in the 1930’s
Dust Bowl
Caused by poor faming practices and severe drought, prolonged the Great Depression
Hoovervilles
Where homeless and unemployed lived in the Great Depression
New Deal
FDR’s response to the Great Depression
Wagner Act
After this second New Deal Law, workers began to unionize
AFL
Was hesitant to organize industrial unions, because it was committed to more craft based workers like carpenters
Huey Long
Biggest critic of FDR’s New Deal Programs
Neutrality Acts
Passed in 1935 to keep FDR from involving the US in WWII
Court Packing Bill
FDR tried to get extra Supreme Court justices to add more supporters of his New Deal
A. Phillip Randolph
Labor leader who threatened a march on Washington because if discrimination in hiring places
