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43 Cards in this Set
- Front
- Back
Recession
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any period of at least two consecutive quarters in which the economy is not growing
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John L. Lewis
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identify the person who headed the united mine workers
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Henry Morgenthau
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identify the Roosevelt cabinet member who favored balancing the federal budget and cutting spending
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deficit spending
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identify the term for roosevelt’s method of paying for his new programs during his first two years as president
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Union Party
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long’s supporters joined with those father Coughlin and francis townsend to form a new party. identify this party
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John Maynard Keynes
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identify the british economist who argued that governments should spend heavily during a recession to jump start the economy
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NLRB v. Jones and Laughlin Steel in 1937
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this case declared that the National Labor Relations Act was constitutional
the court ruled that the federal government had the constitutional authority under the interstate commerce clause to regulate production within a state. |
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Wickard v. Filburn in 1942
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the court used a similar argument to allow the federal government to regulate consumption in the states
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full employment
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less then 5% unemployment
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Emergency Banking Relief Act
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identify the bill which required federal examiners to survey the nations banks and issue treasury department licenses to those who were financially sound
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Glass-Steagall Act
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identify the bill which separated commercial banks from investment banks and created a federal agency to provide government insurance for bank deposits up to a certain amount
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Fair Labor Standards Act
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established child labor laws and established the 40 hour work week and minimum wage
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National Housing Act
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identify the bull which established the US housing authority, which received 500 million to subsidize loans for builders willing to buy blocks of slums and build low-cost housing
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Works Progress Administration
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identidy the government agency headed by harry Hopkins. it built highways, airports, parks, public buildings and bridges. most controversial section was federal number one which offered work to artists writers theater people and musicians
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Public Works Administration
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identify the federal agency which involved a series of construction projects to build highways , dams, sewer systems, waterworks, schools, and other government facilities, in most cases awarded contracts though construction companies
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Securities Act
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Identify the bill which required companies that sold stock and bonds to provide complete and truthful information to investors.
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Civil Works Administration
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identify the federal agency which hired workers directly and put them on the federal governments payroll. their workers built airports, roadway, schools, playground, parks, and playing fields.
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Fascism
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identify the political system which is a kind of aggressive nationalism in which the nation is more important than the individual
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stalin
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identify the person who began a massive effort to industrialize his country. he tolerated no opposition and this effort resulted in the deaths of 10 million peasants.
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Mussolini
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1. Italy a former schoolmaster and journalist named _______________, returned from WWI convinced that his country needed a strong leader
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Hitler
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1. a fervent anticommunist and an admirer of Mussolini
2. his party was the National Socialist German Workers’ Party or the Nazi party |
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Agricultural Adjustment Administration
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which act declared by the supreme court to be unconstitutional
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Home Owners’ Loan Corporation
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identify the federal agency which purchased outstanding moprtgages of homeowners who were behind in their payments. it then restructured the mortgage with longer terms of payments and low interest rates.
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Federal Deposit Insurance Corporation
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identify the federal egency created to provide government insurance for bank deposits up to a certain amount
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Civilian Conservation Corps
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identify the federal agency which combined conservation with jobs. men age 18-25 were given the opportunity to work under the national forest service, planting trees, fighting fires, and building dams.
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National Industrial Recovery Act
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identify the bull which suspended antitrust laws and allowed business labor and government to cooperate in setting up voluntary rules for each industry
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Harry Hopkins
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a. the leader of the FERA was _____________ whose nervous energy and sarcastic manner put off many people
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Frances Perkins
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Roosevelt appointed the first women to a cabinet post secretary of laber identify the women he appointed
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Productivity
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the efficiency of a company’s out put of goods or services
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Father Coughlin
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this man believed Roosevelt hadn’t gone far enough, he wanted heavy taxes on the wealthy, and nationalization of the banking system
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Huey Long
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Louisiana democrat who was gov, started the share the wealth program
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Wagner Act
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the national labor relations act
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Committee for Industrial Organization
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the organization which was responsible for organizing unions in industries where none existed
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Securities and Exchange Commission.
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federal agency which was created to regulate the stock market and prevent fraud
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Periods of prosperity
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- a time when the economy is growing
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Economic contraction
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a period when the economy slows
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National Recovery Administration
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created under NIRA, it was created to make codes of competition, to stop negative business, but was declared unconstitutional in Schenk v. U.S.
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Francis Townsend
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a former public health official, proposed the federal gov. pay citizens over 60 a $200 pension
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Federal Trade Commission.
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federal agency made to eliminate anti-competitive business, and promoted consumer protection
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American Liberty League
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started to uphold the constitution when it came to business, and give every American the right to “work, earn, save, and acquire property”
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Social Security Administration
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the federal administration set up to distribute social security benefits to those eligible
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The third group supported new freedom of Woodrow Wilson and what did they believe
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a. they blamed large trusts for the depression but they believed the government had to restore competition to the economy
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Underemployed
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when people are employed but they are taking jobs that are benieth them we call this
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