The New Deal Flashcards
Reasons for the Crash
- Unequal distribution of wealth
- Overproduction
- Farming industry never recovered
- Government response expanded unequal distribution of wealth
- Banking system collapse
October 29
“Black Tuesday”
The Crash
POUR
President’s Organization for Unemployment Relief
Hoover
Encouraged local groups to raise money to help the RFC
Emergency Relief Act
To lent $300 million dollars to states
Hoover
Farmers’ Holiday Association
Tried to raise prices by refusing to sell produce
Bonus Army
Unemployed veterans of World War I demanding payment of service bonuses
New Deal
Economic and political policies of Roosevelt
TERA
Temporary Emergency Relief Administration
“Brain trusters”
Re-creating an ideal society of small producers
a group of key advisers that would follow Roosevelt to Washington
Fireside Chat
Speeches broadcast nationally over the radio in which FDR explained complex issues and programs in plain language
Emergency Banking Act
Authorized healthy banks to reopen under licenses from Treasury Department
“The Hundred Days”
March to June 1933
CCC
Civilian Conservation Corps
Est. in March as an unemployment relief effort provided work for jobless young men