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unit 7 Flashcards

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
What does congress hope would happen with the Hawley smoot tariff act
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
What were the four causes of the great depression
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
Why does shantytowns become popular
because many people lost their homes in the great depression and lived in a neighborhood where people live in shacks
28
Where did many poor people eat from
Soup kitchens were charities serves meals to the needy
29
Those who cannot afford to buy free food stood in what for free food
Breadlines
30
What happened to minorities during the great depression
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
What happened to families during the great depression
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
what happenend to chidlren druing the depression
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
Why did charities in city government struggle to help poor people
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
How did the great depression affect peoples mind sets
any people became demoralized losing the world to live rates suicide and mental illness increased dramatically
35
may decided that compromises were more important for long-term health so what
they did not go to the doctor in order to save money | forced young ppl to give up dreams of college
36
while the great depression caused suffering it brought out the best in
ppl that shared resources w neighbors and gave food or clothing to needy
37
1930s what did experts believe about the great depression
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
Herbert Hoover
31st president to believe the great depression was just another showdown that would end on its own
39
How to do for believe the government to take action
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
Rugged individualism
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
For adopting a cautious approach to deal with depression by
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
What did hoovers plan do
nothing hoover did made a difference
43
boulder dam
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
What do people named the shantytowns
Hooverville‘s
45
Federal home loan bank act
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
Hoover also created the reconstruction finance corporation the RFC which did what
RFC provided money for projects to create jobs
47
The bonus army
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
What caused the dust bowl
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
What were the 1930s profitable for
The music and picture age in Hollywood
50
What percent of American households on the radio
90%
51
What did Radios do other than just used for listening
embodied the Democratic spirit of the times more than movies actually
52
Why did president Roosevelt not push for full civil rights for African-Americans
he was scared to lose his southern Democratic white supporters
53
What did women gain during the new deal
Many were appointed to important federal jobs
54
Frances Perkins
first female cabinet member and was named secretary of labor she helps create the Social Security system
55
John Collier
Commissioner of Indian affairs pasteurella go to the Indian reorganization act stop the simulation game Native Americans autonomy in strengthen their land claims
56
The new deal coalition
Voting groups formed coalition that supported FDR
57
As a part of the new deal coalition urban voters did what
help Roseville and the Democratic Party

us history (8 decks)

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