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US History > The Great Dippression > Flashcards

The Great Dippression Flashcards

1
Q

Economic Depression

A

economic decline characterized by high unemployment, low levels of production, and business failures

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2
Q

Social Welfare

A

govt. provided services

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3
Q

Drought

A

sustained period without water

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4
Q

Tariff

A

tax on imports

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5
Q

Court Packing

A

putting judges on court who will vote favorably by your side

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6
Q

New Deal

A

FDR’s way of getting America out of the Great Depression

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7
Q

Speculation

A

gambling stocks and bonds in the stock market

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8
Q

Dust Bowl

A

1930’s midwest America;lots of dust;no water;very little agriculture production

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9
Q

Great Depression

A

Very high unemployment, very low production, no jobs, lots of hunger. Combated by FDR New Deal

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10
Q

Abandoning Farms

A

leaving farms in Dust Bowl caused increase of population in California as people ran away

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11
Q

Causes of the Great Depression

A

1) Tariffs- hurt trade between USA and the rest of the world
2) Speculation- people borrowed money to play the stock market; couldn’t pay loans when it crashed
3) Bank Failure- Banks closed as people rushed to get their money out = no loans to business
4) Federal Reserve- Did not act properly to stop the Great Depression

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12
Q

Black Tuesday

A

stock market crashed; starting the Great Depression

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13
Q

Dust Bowl

A

Human Factor- farmers ruined by depleting soil of its nutrients;fled to California
Physical Factor-drought caused soil to dry up; turned to dust & sand; got blown elsewhere

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14
Q

Effects of the Great Depression

A

1) High unemployment. 2) People deported back to Mexico & Europe. 3) Gov. intervenes in the economy to create jobs programs

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15
Q

Impact of the Great Depression

A

Gov. goes from hands off to hands on. Takes on responsibility of caring for the people with welfare programs. Gov. intervenes in the economy

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16
Q

Constitutional Issues of the Great Depression

A

FDR tries to pack the Supreme Court by raising the number of judges from 9 to 13 so they will rule to his favor on his New Deal program. Seen by both parties as a power grab for the executive branch.
EFFECT: Distrust of FDR hindered passing of legislation to get to the USA out of the Great Depression

17
Q

FDIC

A

Federal Deposit Insurance Corporation - gov. insurance deposits at banks up to $250,000 per account

18
Q

SEC

A

Security & Exchange Commission - regulates the stock market and businesses

19
Q

SSA

A

Social Security Administration - retirement savings

20
Q

AAA

A

Agriculture Adjustment Act - raised by prices by manipulating supply/demand

21
Q

TVA

A

Tennessee Valley Authority - built dams for electricity in Tennessee, Mississippi & Alabama

22
Q

FHA

A

Federal Housing Administration - helps people get houses

US History (9 decks)

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