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29 Cards in this Set
- Front
- Back
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Buying on margin |
Buying stocks in credit |
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Describe the cyclical nature of overproduction of goods |
If you have an overabundance of a drop and there's less demand, you try to well more which lowers prices causing u to grow more to sell |
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Soup kitchens & bread lines |
Food handouts Church based/charity |
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Okies |
Person who leaves dust bowl area to west |
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How did dust bowl affect rural area |
People list homes/farms so they moved westward. People died from breathing in too much dust |
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Hooverville/shantytown |
Town/city of homeless people caused by the depression |
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Boulder dam |
Designed to jump start the economy and add jobs (public works program) |
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Reconstruction finance corporation |
Provides emergency financing to banks Life insurance companies Railroads And other large businesses |
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Bonus army |
WWI veterans that supported Patman Bill. Bill authorized gov to pay a bonus to the veterans who weren't compensate property |
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What was Hoover's philosophy of government in dealing with the depression? |
1) rugged individualism 2) help would hurt self respect |
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New Deal |
A program designed to alleviate the problems of the great depression (FDR) |
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Agricultural adjustment act (AAA) |
Raise crop prices by lowering production Gov pays farmer's to leave some land unseeded |
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Civilian conservation corps (CCC) |
Out young men to work Prevent dust bowl by planting trees Supplied food & uniform to workers Sent home 30 a month |
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Fireside chats |
Radio talks Roosevelt gave |
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American liberty league |
Strongest conservative opponent of new deal banded together to form organization Wealthy business leaders Believed new deal violated respect for right of individual and property |
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Huey long |
Early supporter of new deal but later turned I'm Roosevelt bc he wanted to win presidency Share our wealth |
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Eleanor roosevelt |
The first modern first lady |
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Works progress administration (WPA) |
It created 8 million new jobs |
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Social security |
Retirement benefits for elderly/disabled |
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Frances Perkins |
First female cabinet member |
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New deal coalition |
Goeup of people who support the new deal |
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Orson welles |
Delivered war of the works through the radio |
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John Steinbeck |
Wrote grapes of wrath, a book about okies |
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Securities and exchange commission (SEC) |
Regulates the stock market |
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Federal deposit insurance corp (FDIC) |
Insures consumer savings account |
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Tennessee valley authority (TVA) |
Dam that bring electricity to the 7 states |
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What was the legacy of the new deal |
Made national debt large Large impact b/w gov n people Gave hope Stopped depression |
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Long term caused of depression |
1) old and decaying industrial base 2) crisis in the game sector 3) availability of easy credit 4) uneven distribution of income |
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Supreme court packing controversy |
FDR tried to increase the # of supreme court officials to 15 |
