Vocab& People Flashcards
Great Depression causes
Stock market crash
1928 election
Herbert Hoover was elected
Great Depression effects
Unemployment & economy failed
Herbert Hoover
Elected president in 1928
Blamed for economic trouble & Great Depression
Reconstruction finance corporation
Gave billions of dollars to railroads and large businesses
Bonus army
Veterans wanting early payments but get rejected
Rioted in the capital
Fireside chat
Informational radio speech
(TVA) Tennessee valley authority
Built a series of dams in the Tennessee river valley to control floods
Speculation
Investors bought stocks w money they didn’t have
Black Tuesday
When panicked sellers traded 16 million shares on the New York stock exchange (4x the normal time)
Hawley smooth tariff
Raised prices on foreign imports to such a level that they could not compete in the American market
•inspired European countries to retaliate and enact protective tariffs on their own
Bread line
Where people lined up for handouts from charities or public agencies
Hoovervilles
Shanty towns of tents and shacks built ok public land it vacant lots
Tenant farmers
Worked for bigger land owners rather than themselves
Dust bowl
Took place in southern great planes such as Texas Oklahoma Kansas and New Mexico
Okies
Dust bowl refugees
Reparation
Involved efforts by local, state, and federal governments to encourage Mexican immigrants to return to Mexico
Localism
Policy whereby problems could best be solved at local and state levels
• Hoover had faith in it
Trickle down economics
Something Hoover believed in where if the government lent money to bankers they would lend it in turn to business men and they would hire workers and depression would end
Douglas MacArthur
General hired by Hoover to surround the affected area and clear it without self during he bonus army
Franklin d Roosevelt (FDR)
Elected pres in 1932
Got polio
New deal
Believed fed gov should play active role on recovery
Federal deposit insurance corporation (FDIC)
Insured bank deposits up to $5,000
Civilian conservation corps (CCC)
Provided jobs for more than 2million young men
Replanted forests, built trails, drug irrigation ditches, and fought fires
Federal emergency relief act (FERA)
Granted federal funds to state and local agencies to help unemployed