The Great Depression Flashcards
Who were in the 1928 election
Hoover and Al Smith
What did hoover believe in for his election
self help and tax reforms for farmers
Why was Al smith not that successful
against prohibition
What did Hoover do to help farmers
Agricultural Marketing Act and Raised Tariffs
Argicultral Marketing Act
set up federal farm board to oversee farmers cooperative to buy sell and store surpluses by hoover
Hawley Smoot
highest peace time tariff
When was the Stock Market Crash
Black Tuesday October 29 1929
How much money was lost in stock market
40 bil
4 causes of the stock market crash
- Overproduction in agricultural and industrial market
- too much credit buying
- Europe was too weak to help us and tariffs hurt
- Dust bowl in Midwest added to economic misery for farmers
Response to the market
Gov did not help much
Public works
Trickle down
RFC
Anti Junction act of 1932
RFC
- Reconstruction Finance Corporation
- Lending bank but to companies
Under Hoover
Norris- La Guardia Anti-Injunction Act of 1932
outlawed yellow dog contracts and forbid federal ct. injunctions against strikes
Bonus Army
20,000 out of work, hungry veterans of WW1 demanded repayment of differed bonus of 1945
The Paper tiger
1931 Japanese militarist in the army seixe Manchuria from China and Leauge has no response, encouraged by weak response, The Jap bomb Shanghai in 1932
Hoovers Good Neighbor Policy
- Hoover didn’t agree with TR interventionist take on Monroe doctrine
- Pulled US marines out of Haiti and Nicaragua
FDR
- 5th cousin of TR
- Gov of New York
- Married to Eleanor
- TR’s niece
- Pledges o a new deal for american people
- FDR promise balanced budget
- Just does not
What happened to the voting in the 1932 election
Blacks who were previously Lincoln party voted in large numbers for FDR
Hewey Long
Ran against FDR and was killed
FDR on banks
Bank holiday
Emergency Bank relief
Glass Steagall Banking reform act
Paper money no gold standard
EBRA
Emergency banking relief act to make it safe to keep money in the bank
FDIC
Glass Steagall Banking reform act;federal deposit insurance corp; to back up banks
CCC
Civilian Conservation Corps; Employed about 3 million people