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US History NEISD EOC Exam > The Great Depression > Flashcards

The Great Depression Flashcards

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1
Q

What’s the business cycle?

A

The ups and down periods of business activity. The bad times are called depression

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2
Q

What are causes of the Great Depression?

A

Overproduction, speculation, shaky banking, and tariffs on international trade

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3
Q

What is overproduction?

A

Producing more goods than you can sell

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4
Q

What is speculation

A

Buying socks hoping to get rich. People do this by buying on margin

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5
Q

What is margin?

A

Buying stocks with a 10% down payment the rest of the purchase was a loaned

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6
Q

Whats shaky baking?

A

Banks investing in unsound

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7
Q

What did tariffs on international trade do

A

Discouraged world trade

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8
Q

What are causes of the dust bowl?

A

Over plowed fields
Severe drought
Winds blew soil away

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9
Q

What are the effects of the dust bowl?

A

Farmers headed to California

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10
Q

What were farmers that migrated to California from Oklahoma during the dustbowl called?

A

Okies

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11
Q

What are barrios??

A

Mexican-American neighborhoods in California

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12
Q

What did the Mexican repatriation act do?

A

It forced over half a million of Mexican Americans back to Mexico to open up jobs for American farmers

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13
Q

When did the great depression again? And how?

A

It began on October 29, 1929 when the stock market crashed

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14
Q

What is a bank run?

A

It happens when people panic and withdraw the money from banks. Banks closed and people lost their money.

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15
Q

What are the effects of the Great depression?

A

Bank runs
As businesses closed people lost their jobs, homes, and farms
Demand for goods decreased causing more people to lose their jobs.
People began to feel worthless. Super kitchens in churches help to feed the hungry. People were homeless and hungry.

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16
Q

How did President Hoover failed to stop the great depression?

A

Hoover kept the government away from the economy
He rejected direct payments like unemployment.
He favored rugged individualism and believe direct payments would reduce incentive to work and undermine Americans.
He believed emergency relief should come from private people and charities not the government

17
Q

What is aggregate demand?

A

A total demand of goods

18
Q

What are Hooverville’s?

A

Shantytowns of the homeless and unemployed.

19
Q

What did Hoover believe?

A

He believed once prices drop the low enough, people would begin buying

20
Q

How did Hoover respond to the great depression?

A
  1. Cut taxes
  2. Increased federal spending
  3. Bought surplus farm crops new one
  4. Created the Reconstruction finance Corporation which made emergency cheap ones two banks and businesses
21
Q

What was the new deal?

A

FDR’s plan to in the great depression and put people back to work

22
Q

What did FDR do during his presidency?

A
  1. No more of the government not being responsible for the economy
  2. Fireside chat’s which is FDR talking through the radio
  3. He had his Eleanor Roosevelt serve eyes and ears when he was in a wheelchair because of polio
  4. Assigned Frances Perkins to be the first female member of the US cabinet
23
Q

What’s the banking crisis?

A

10,000 banks failing

24
Q

What is bank holiday?

A

A time when banks were closed and only permitted to re-open if completely sound

25
Q

What really was given to unemployed people?

A
  1. Federal emergency relief act
  2. Civilian conservation Corps
  3. Public works in ministration
  4. I work progress administration
26
Q

What three acts increased union membership?

A

Norris-LaGuardia act
National industrial recovery act
Wagner act

27
Q

What is the idea of priming the pump

A

Putting money in consumers hands to increase spending and demand

28
Q

What five things did the government put in place to protect individuals?

A
  1. Tennessee Valley Authority
  2. Security exchange commission
  3. National Labour relations act
  4. Social Security act
  5. FDIC
29
Q

How did the liberty league view FDR?

A

They saw him as a dictator

US History NEISD EOC Exam (15 decks)

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