Quiz 4 Flashcards
during 1919-1921, the economy ____________ due to the ending of the war. Unemployment spiked to _________.
slowed down, 11%
from 1922-1929, the economy ____________. There was no _________ People were buying lots of large items such as appliances and cars using credit
boomed, inflation
___________ had a stroke during his last year of Presidency, which severely impaired him. Historians believe that his wife ran the country
Woodrow Wilson
Republicans were starting to question why __________ wasn’t there. His wife invited republican senators over and put on a show to trick them into thinking that he was fine
Wilson
____________ was one of the worst presidents in history because he didn’t take the job seriously. He was always drinking and partying
Warren G Harding
The battle of the __________ was the last ditch effort for the Germans in Europe because they were caught in a vice between the Americans and the British
Bulge
The biggest scandal of Harding’s term was called the __________ Secretary of the Interior (Albert Fall) was in charge of oil reserves. He allowed private oil company called __________ to drill on the government’s property for oil for $500,000. Congress finds out and sends him to jail
Teapot Dome Scandal, mammoth oil
After the teapot dome scandal, Harding’s popularity was already ________ but he still wanted to run for office again but he died suddenly
low
____________ was seen as one of the best presidents
Calvin Coolidge
_____________ was regarded as one of the best candidates, but was not a good president
Herbert Hoover
______________
Believed that African Americans would never be perceived as equals. He was an immigrant from Jamacia
He said the best thing for black people to do is to separate themselves from white people
Marcus Garvey
Garvey created the ___________. he purpose was to give funding to help black people start African American stores so that they could create a self-sufficient community
Universal Negro Improvement Association
the ____________’s purpose was to was to take African Americans back to Africa. However The federal government wanted to ________ Garvey, He ended up being charged with mail fraud and this caused them to deport him back to Jamacia
Black Star Line, silence
the __________ Act Capped immigration at 150,000 per year. It also prohibited all Asian immigration.
Large numbers of ________, _________, and _________ people had been coming in and the Americans didn’t like that because it threatened the “purity” of the country
National Origins, Catholic, Jewish, and Orthodox
The __________ trial was in Dayton Tennesse, and it was because ___________ was illegal to teach in schools. He decided to teach evolution in schools and was prosecuted. The prosecution won the case. This case was important because it heightens the argument over academic freedom
Scopes, Evolution
The _____________ crashed on October 29th, 1929, but there were underlying weaknesses of the economy before the Great Depression.
Stock Market
In 1928, the unemployment rate was ________, in 1929 before the stock market crashed, the unemployment rate was ________
2.1%, 3.2%
People started being cautious because they saw that people were getting laid off. They also started putting more money in _________.
banks
Banks began to lose money because the money was not coming back
Before the market __________, banks becomes much more stingy about giving out loans because they have __________
collapsed, less money
Before the stock market collapsed, you could buy stock on _________. You would pay _______% of the stock when you bought it. The purchase would not become final until _____. People bought stock and lost everything when the market collapsed
Margin, 10, 3 days
Banks had to close because they had _________. People were rushing to the banks to get their money back. Money wasn’t insured. 9000 banks closed
no money
in 1933, the unemployment rate was _______. For African Americans it was _______.
25%, 45%.
There were so many homeless people that they started creating towns called _____________.
Hoovervilles
Herbert Hoover didn’t acknowledge that the great depression was happening at first, he claimed that the economy was_________. He urged Americans to help each other, but this didn’t work because Americans were scared for their own jobs
adjusting itself
the ________ tariff of 1930 Raised tariff rates, causing other countries to ________ their tariffs
This would normally work, but it was not a textbook economic crisis
This stifled world trade by creating a __________ . In reality, the US should have lowered the tariffs so that people could afford them
Hawley Smoot, tarriff war
Hoover encouraged the __________ to raise interest rates, which was the opposite of what he should have done. He told them this because he was worried that encouraging lending would have led to even more bank closures. This actually put a __________ on the banks because he was discouraging Americans to buy stuff
Federal Reserve, stranglehold
the _____________ of 1932 allowed Federal government to make low interest loans available to to the biggest companies. These big companies were to use the loans to hire people and help the ___________ and get money flowing through the economy
Reconstruction Finance Corporation, common people
Hoover only had a small amount of money to throw into the economy because he didn’t want to run the country in _______.
Not very much money was trickled down to the bottom and the economy was not ________
debt, stimulated
The _________ of 1932 was created because __________ were supposed to get a war bonus in 1945, but they wanted their bonus then and there. They descended on the White House to try and get an early bonus
Bonus Army, War Veterans
Hoover didn’t want to give the veterans money, so he _________. The veterans don’t leave because they have nowhere else to go Hoover thinks these people are making them look bad so he called the military in and ________ the veterans, three ended up dying
rejected the bill, forcibly remove,
The New Deal focused on three things:
Relief
Recovery
Reform
FDR created a _________ from March 6th-10th, 1933. During this time, the ______________ analyzed the banks and choose which ones would reopen
When the banks reopened, the system was healthier
Bank Holiday, Federal Reserve
FDR also created the _______________, which would insure deposits up to 500K.
Federal Deposit Insurance Corparation
The _____________ Program was a series of programs, laws, and bills passed to help reform the country during the Great Depression
Alphabet Soup
The ______________wanted to get young people off the streets
Employed young men ages 15-19 who worked in conservation
Men lived in __________ and made $30 a month, but they had to send $25 home to their families becuase the men were already taken care of
Civillian Conservation Corps, Military camps
The ____________ would pay farmers to not farm and keep their fields dormant in order to control the amount of crops that were grown. Overproducing goods ______ the economy because there would be too much of supply
Agricultural Adjustment Administration, hurts
The _______________ Created jobs that would build things like jobs, bridges, etc These were project jobs, not full time jobs
These jobs gave people hope, even if they weren’t __________
Public Works Administration, permanent
The area around the Tensesse River was the most _________ area
Only 2% of people in this area had electricity. Government built hydro electric damns, which was cheap electricity. This encouraged people and businesses to move into the area. This was called the _____________.
depressed, tennesse valley authority
the ___________ regulated the stock market
Securities exchange commission
The ____________ gave low interest loans to first time home buyers. It employs thousands of people
Federal Housing Administration
The main policy in the second new deal was the ________________, which lasted for 8 years and employed 9 million people
Works Progress Administration
