Unit 2 Lecture 5 Flashcards

1
Q

What was Hoover campaign for the election in 1928?

A

“Food would win the war” during WW1

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2
Q

How was the economy like in the 1920s?

A

The economy was prospering & booming

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3
Q

Buying on credit

A

Lead people to spend more money than they had & they ran out of credit (They had a hard time paying back debts which made them stoping spending money)

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4
Q

Buying stock on margin

A

People borrowing money to pay for stocks & when the stock market crashed they owed more than the stocks was worth

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5
Q

Since people werent buying/ spending money too much there was ________ & _______ where companines having too much products & people are not spending much money

A

Decrease in consumption & production stockpiles

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6
Q

The decreased in consumption & production stockpiles led to what?

A

Resulted in people being fired & people stopped spending money even more which was bad for the economy since it was a consumer nation

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7
Q

October 24

A

Black thursday

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8
Q

October 29

A

Black tuesday, the stock market crashed because too many people were buying & selling shares in stocks

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9
Q

There was an ___________ where if there was better distribution of wealth people would have more money & be able to live better lives to support the economy

A

Undistrubtion of wealth

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10
Q

Business-government parternship

A

Republicans party didnt stop bad things happening & didnt help the working class during the depression & farmers got hit very hard during the great depression

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11
Q

Progressive tax system

A

The more wealth you have the more will be taxed & it was used to help disturbed wealth in america

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12
Q

When the stock market crashed (The great Depression) what happened?

A

People lost their life savings since banks failed & when the banks closed their money dissapeard with it, unemploymenet jumped by 25%, people living in horrible conditions, etc

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13
Q

Hobo Army

A

Men leaving & roaming in towns trying to find places to stay

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14
Q

Hooverville & Hoover blankets

A

Towns with houses made out of straps & hoover blankets were newspapers people sleeping on benches used to cover themsleves

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15
Q

Civil disorder

A

Unemployed people demanded jobs, food, went on strikes, etc & the year 1932 was the rock bottom of the great depression

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16
Q

Native whites began to attack ________ saying that they are taking their jobs

A

immigrants

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17
Q

American Individualism (Herbert Hoover)

A

Belief that if you work hard & given opporutnies would work harder

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18
Q

Hoover vilfied

A

Believed that the government had to get people to come together & decided living wage, etc to keep one group from hurting another

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19
Q

Who was Franklin Delano Roosevelt?

A

Was a democratic, Governor of New york, created the New Deal program & came from progressive era roots where he belived in helping others & that the rich should help the poor

20
Q

What was the New Deal program ?

A

It was a relief program to help american people

21
Q

What was the public’s view on FDR?

A

The public loved him but the rich did not & people sent him many letters showing their love for him & his wife, where his wife cared for all american whether african american, women, etc

22
Q

Firechats

A

Radio chats FDR had on the radio where he talked to america about issues which made americans feel closer to him

23
Q

Brain trust

A

Groups of professors that served as FDR advisors for certain issues (Gave their lives for public services)

24
Q

What were Bank Holidays?

A

Shut down all banks for a certain time

25
Q

Emergency Banking Act

A

Allow banks to be shut down for awhile to help stabilze banks

26
Q

Glass-Stegall Act of 1913

A

FDIC (Federal deposit insurance) insured people deposits which helped people trust banks again

27
Q

Civil Conservation Corps

A

Put 250,000 men to do work in parks, in communities, etc

28
Q

Tennesse Valley Authority

A

Government owned corporation & produced cheat eletric power

29
Q

Argicultural Adjustment Act

A

Brought governemnt more involved in farmers lives & help control over production

30
Q

What were the 4 problems FDR wanted to take care of in his frist 100 days?

A
  1. Bank Failure
  2. Agricultural over prodcution
  3. Business slump
  4. Unemployment
31
Q

During this time period what was also happening with alcohol?

A

The repeal of prohibtion (Alcohol was brought back)

32
Q

National Recovery Act (NRA)

A

Helped businesses recover & it strengthened governemnt -business parternship

33
Q

Section 7 A

A

Gave workers rights & ability to join unions again

34
Q

Federal emergency relief Act (FERA)

A

Gave funds to states so they can fund their relief programs

35
Q

Public works adminstration (PWA)

A

Put people into jobs

36
Q

FDR didnt belived in _______ which is government welfare payment, he believed if the government gave free people money it would ruin people independence & character

A

Dole

37
Q

Civil Works Adminstration (CWA)

A

Helped rebuild communties, built highways, got people into jobs, etc

38
Q

Criticism from the right

A

Conservatives seen FDR getting to involved in businesses

39
Q

NRA

A

Dealt with business conflicts, resovled business problems with one another in an industry

40
Q

Businesses hate ______ becuase they feared working class defiance & becuse it gave worker collective bargins where they could demand better wages, etc

A

Section 7A

41
Q

Criticism from the left Side

A

Felt that the New Deal program was not enough

42
Q

Heuy Long “Share our wealth” plan

A

Was a plan that taxed large businesses & the rich where the governemnt would give back the money to the average man to help them make ends meet

43
Q

Seocnd New Deal

A

Helped workers organize unions, helped people get into work, & helped people retire

44
Q

1935 emergency relief appropriation act

A

Created new agency that made new programs to employ people (There was the national youth program, resettlement adminstration, & the works progress adminstration)

45
Q

Work progress adminstration (WPA)

A

Built hospitals, schools, etc & helped people see themselves as citizen & not labor workers

46
Q

Social Security Act

A

Helped people retire & brough about unemployment compensation which was handled by the states & the checks were higher in the north

47
Q

Francis Prekins

A

1st women cabin member in the U.S.