The Great Depression/Postwar Flashcards
Great Depression
Period of hard economic times lasted 1929-1941
Primary cause of the stock market to crash of 1929:
Stocks brought on the magin had a negative value when prices dropped
What happened when people were unable to purchased goods
cut production bc of lower demand led to unemploment busniess went bankrupt
Hoovervilles
cluster of shacks were homeless lived
Purpose of the new deal
Provided relief for jobless plan economic recovery (PREVENT ANOTHER DEPRESSION)
Fireside chats
public confidence in a program talked to am people on radio
works progress administration
Put jobless to work making of things ( clothes , buildings, playgrounds|)
Social Security Act 1935
provided unemploment insuranced, provided old age pensions gave money to states and supported depenate
Source of distrust between the USA & USSR
Competition for power infulenced did not engage in battle direct.
Purpose of NATO
to create a mutual defense allience - contain soviet infludenced
Truman response in the Berlin Blockade
Ordered the berlin airlift
americans and british planes dropped supplies
List all the effort made by the United States to build a non-Communist
Marshal plan , Truman Doctrine , Berlin airlift
Sen. Joseph McCarthy
accused both states dep. and army of communists did not provide evidence.
Ethel and Julius Rosenberg
Passed atomic secrets to soviet
Reasons for the United States getting involved in the Korean war
to contain communism
