**The Great Depression / The New Deal** Flashcards

1
Q

Hooverville

A

A shanty town built during the Great Depression by the homeless in the United States

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2
Q

Bonus Army

A

-World War I veterans, together with their families and affiliated groups – who gathered in Washington, D.C. in mid-1932 to demand early cash redemption of their service certificates

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3
Q

Franklin D. Roosevelt

A

-

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4
Q

The New Deal

A
  • Program designed to alleviate the problems of the Great Depression
  • A phrase taken from a campaign speech in which Roosevelt had promised “a new deal for the American people”
  • Policies focused on three general goals: relief for the needy, economic recovery, and financial reform
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5
Q

Alphabet Soup

A

New Deal agencies

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6
Q

Deficit spending

A
  • FDR got money - taxes from the future
  • Spending more money than the government receives in revenue
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7
Q

Relief

A
  • Immediate action taken to halt economic deterioration, quick fix
    • Bank holiday
    • Emergency banking act
    • Civilian Conservation Corps (CCC)
    • Deficit spending
    • Federal Emergency Relief Act (FERA)
    • Works Progress Administration (WPA)
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8
Q

Recovery

A
  • Temporary programs to restart flow of consumer demand
    • National Industrial Recovery Act (NIRA)
    • Tennessee Valley Authority
    • Agricultural Adjustment Act (AAA)
    • Home Owners Land Corp.
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9
Q

Reform

A
  • Permanent programs to avoid another depression
    • Federal Deposit Insurance Corporation (FDIC)
    • Soil Conservation Act (1933)
    • Securities and Exchange Act (SEC)
    • Social Security Administration (SSA)
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10
Q

WPA

A
  • Provided long-term government jobs building or improve schools, roads, bridges, and participating in other public works project
  • Employed over 8.5 million people across the nation, 10% to unemployed artist
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11
Q

Social security (administration)

A
  • Provided a pension for retired workers and their spouses and aided people with disabilities
  • Unemployment compensation
  • Prevented the elderly from losing life savings
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12
Q

FDIC

A
  • Federal Deposit Insurance Corporation
  • Provided federal insurance for individual bank accounts of up to $5,000 (today $250,000), reassuring millions of bank customers that their money was safe
  • It also required banks to act cautiously with their customers’ money
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13
Q

Bank holiday

A

Forced all banks in America to close - no run on banks

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14
Q

FERA

A
  • Federal Emergency Relief Act
  • Funded with $500 million to provide direct relief for the needy
  • Criticism - handouts
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15
Q

AAA

A
  • Agricultural Adjustment Act
  • Controlled supply of 7 basic crops by paying farmers not to produce
  • Create more demand and raise prices, many farmers forced off
  • Goal was to raise crop prices
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16
Q

How were the economic policies of FDR different than Hoover’s?

A

-

17
Q

Why did the stock market collapse have a negative effect on people who didn’t own any stocks?

A

-

18
Q

What was FDR’s plan to get us out of the Depression? What were the three different stages of this plan?

A

-

19
Q

What are some reasons that FDR’s plan was so popular? What were some criticisms?

A

Popular:

Criticisms:

  • FDR making himself king
  • FDR accused of promoting socialism
  • Program wasted federal money for unneeded projects
  • Led to laziness
  • People too dependent on government
  • Debt
  • Did not really fix the depression
20
Q

How did FDR change the size of the government and the power of the president?

A

-

21
Q

What did FDR want Americans to stop fearing?

A

Americans were afraid to spend money or to deposit money in the banks

22
Q

How did FDR pay for hid New Deal?

A

Deficit spending

23
Q

Why did many people fear FDR’s programs?

A
  • They gave the president more power than ever before and some worried that he might become a dictator
    • Tried to add more judges to the Supreme Court – if his plans passed he would be unstoppable
    • Government giving out handouts
24
Q

Welfare state

A

When a government uses tax dollars to help citizens in need, usually through programs like food stamps and unemployment checks

25
Q

Cons of new technology in 1920s

A
  • Drove many farmers into debt they couldn’t pay off
  • Helped farmers destroy too much of the land in the Great Plains
26
Q

What group did the New Deal not help?

A

African Americans

27
Q

Why did FDR try (and fail) to pack the Supreme Court by adding more judges who thought like he did?

A

The Supreme Court has ruled several of his New Deal programs were unconstitutional and he was mad about that

28
Q

How did the government try to help farmers during the Great Depression?

A

Set a limit of the amount of crops farmers could produce