Unit 3 Flashcards
Black Tuesday
Over 16,410,000 shares of stocks were sold on Wall Street.
Hoovervilles
Impoverished victims of the Great Depression slept in homeless tents. This ruined the reputation of Hoover’s administration.
Reconstruction Finance Cooperation
A government lending agency under Hoover that assisted insurance companies, banks, and local governments.`
Norris-LaGuardia Anti-Injunction Act
Law that banned anti-unions, work contracts, and federal courts from allowing strikes. Labor friendly.
Bonus Army
20,000 veterans marched to Washington to demand immediate pay of bonuses after WW1.
20th Amendment
“Lame Duck Amendment” Changed inauguration date from March 4 to January 20.
Brain Trust
Specialists in law, economics, and welfare helped Franklin D. Roosevelt create policies of the New Deal.
New Deal
Economic and Political policies under Roosevelt that sought to solve the problems of the Great Depression.
Hundred Days
First 100 days of Roosevelt’s administration where a never done before amount of reform bills were passed to launch the New Deal.
Glass-Steagall Banking Reform Act
Created the Federal Deposit Insurance Corporation; insured individual banking deposits.
Federal Deposit Insurance Corporation
An agency that helped over 370 bank failures.
Civilian Conservation Corps
Government program created by Congress that hired young men to plant trees, fight fires, etc.
Federal Emergency Relief Administration
Under Roosevelt, it gave 500 million dollars in federal funds to state agencies.
Agricultural Adjustment Act
Raised agricultural prices by paying farmers to not farm.
Court Packing Plan
Roosevelt’s scheme to add a new justice to the Supreme Court for every member over 70 who refused to retire.