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unit 7 Flashcards

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1
Q

deflation

A

a decrease in the general price level of goods and services

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2
Q

price support

A

A law that keeps prices above a set level

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3
Q

Credit

A

short term loans to buy goods with promises to pay later

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4
Q

Alfred E Smith

A

democratic president candidate in 1928

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5
Q

Dow Jones industrial average

A

Index of stock prices of select companies

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6
Q

Speculation

A

Investments in the high-risk ventures

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7
Q

Buying on margin

A

buying stock by paying only a portion of the full cost upfront with promises to pay the rest later

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8
Q

Black Tuesday

A

October 29, 1929 the day the stock market crashed

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9
Q

Great depression

A

period of bad economic times in the United States lasted from 1929 through the 1930s

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10
Q

Hawley smoot tariff act

A

Closet raised taxes on imports in worsened depression

created by Hoover I think

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11
Q

why did the US government revenue revenue drops

A

Because of tax breaks for the wealthy

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12
Q

Why did railroads have strong competition

A

Because of the introduction of cars buses and trucks

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13
Q

Why did coal mining suffer

A

Because of the introduction of new energy sources

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14
Q

What happened to industries expand during the war after the war

A

the demand decreased and this industry suffered

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15
Q

Why is it declined in housing starts important sign of economic problems

A

because less houses built means less furniture is needed

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16
Q

Biggest problem was in what industry after the war

A

farming

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17
Q

when Calvin Coolidge vetoed the price support bill what happened to farmers income

A

Their income continued to drop

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18
Q

What was the problem with credit

A

too many Americans were buying things on credit because prices were rising faster than their salaries but the problem was they weren’t accumulating money to pay it off so they had a lot of debt

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19
Q

In the late 1920s how was the distribution of income

A

The distribution was uneven the rich people kept getting richer but poor people were getting poorer

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20
Q

how much did most families earn and how did that impact consumerism

A

most families earned less than the minimum wage needed to maintain a decent standard of living they did not have enough money to purchase all the products on the market

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21
Q

Who did Herbert Uber defeat easily in election

A

Alfred E Smith

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22
Q

What was the problem with Americans buying stock

A

They were buying stock on borrowed money money did not even have

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23
Q

What happened on Black Tuesday when the market crashed

A

people frantically trying to sell their shares causing prices to go down even further

24
Q

How widespread was the depression

A

The depression occurred all around the world

25
Q

What does congress hope would happen with the Hawley smoot tariff act

A

Congress Hope higher tariffs of Push Americans to buy goods in the US and would help American industry instead when the US charged more to bring goods in Europe declined so your pet even less money to spend on US goods and American industry suffered

26
Q

What were the four causes of the great depression

A

Tarrifs and war debt policies that cut down the foreign market for American goods, a crisis in the farm sector, the availability of easy credits, an equal distribution of income

27
Q

Why does shantytowns become popular

A

because many people lost their homes in the great depression and lived in a neighborhood where people live in shacks

28
Q

Where did many poor people eat from

A

Soup kitchens were charities serves meals to the needy

29
Q

Those who cannot afford to buy free food stood in what for free food

A

Breadlines

30
Q

What happened to minorities during the great depression

A

Violence was directed at them after me African Americans got lynched because whites lost their jobs and didn’t wanna compete with minorities and peoples of Mexican heritage move to Mexico to avoid prejudice or were deported by the US government

31
Q

What happened to families during the great depression

A

Many broke under the strain of poverty in unemployment men felt ashamed because they lost their jobs and simply left their families and wander the country looking for work
so then more qomen started trying to find work

32
Q

what happenend to chidlren druing the depression

A

Children suffered terribly from poverty and the break up of families many children and poor diets and no else care the parents could not afford to buy all food or pay Dr. bills children ran away from home, hopping rides on freight trains exctiing also dangerous many were robbed or killed by criminals or beaten by railroad cards

33
Q

Why did charities in city government struggle to help poor people

A

because they cannot provide enough relief to keep them out of poverty and in cities and states collected less tax money because so many people are out of work so they had to get their budgets for programs like child welfare some could not even keep the schools open

34
Q

How did the great depression affect peoples mind sets

A

any people became demoralized losing the world to live rates suicide and mental illness increased dramatically

35
Q

may decided that compromises were more important for long-term health so what

A

they did not go to the doctor in order to save money

forced young ppl to give up dreams of college

36
Q

while the great depression caused suffering it brought out the best in

A

ppl that shared resources w neighbors and gave food or clothing to needy

37
Q

1930s what did experts believe about the great depression

A

That it was best not to interfere with this economic cycle they argued that sub end on their own and good time to return

38
Q

Herbert Hoover

A

31st president to believe the great depression was just another showdown that would end on its own

39
Q

How to do for believe the government to take action

A

He believed the government should not take direct maps what should help me images of workers find solutions to the problem but he didnt think the government should decide on the solution

40
Q

Rugged individualism

A

The idea the people should succeed through their own efforts to people should take care of themselves and each other and the government should encourage private groups to the needy

41
Q

For adopting a cautious approach to deal with depression by

A

Meeting with businessman bakers in labor leaders and urging them to improve the economy and asking them not to fire workers or lower back into labor leaders to not demand high pay or strike

42
Q

What did hoovers plan do

A

nothing hoover did made a difference

43
Q

boulder dam

A

The one project that out it was a dam on the Colorado river built during the depression to increase more jobs but economic difficulties still increased

44
Q

What do people named the shantytowns

A

Hooverville‘s

45
Q

Federal home loan bank act

A

is slow lower for car treats congress of the low mortgage rates without farmers change the terms of their mortgages and would protect their farms from foreclosure

46
Q

Hoover also created the reconstruction finance corporation the RFC which did what

A

RFC provided money for projects to create jobs

47
Q

The bonus army

A

thousands of out of work veterans and their family arrived in Washington and set up tense near the capital building over sent them food first but then go records army to remove them and told the army to use tear gas on them which out raged many people across the US

48
Q

What caused the dust bowl

A

The drought, lack of rain industrialization because it cost me more to four more into these new farming products did more damage to land

49
Q

What were the 1930s profitable for

A

The music and picture age in Hollywood

50
Q

What percent of American households on the radio

A

90%

51
Q

What did Radios do other than just used for listening

A

embodied the Democratic spirit of the times more than movies actually

52
Q

Why did president Roosevelt not push for full civil rights for African-Americans

A

he was scared to lose his southern Democratic white supporters

53
Q

What did women gain during the new deal

A

Many were appointed to important federal jobs

54
Q

Frances Perkins

A

first female cabinet member and was named secretary of labor she helps create the Social Security system

55
Q

John Collier

A

Commissioner of Indian affairs pasteurella go to the Indian reorganization act stop the simulation game Native Americans autonomy in strengthen their land claims

56
Q

The new deal coalition

A

Voting groups formed coalition that supported FDR

57
Q

As a part of the new deal coalition urban voters did what

A

help Roseville and the Democratic Party

us history (8 decks)

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