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20 Cards in this Set

  • Front
  • Back
Grt depression
longest dprssn,affected more ppl,more business failed.
stock market wall st
"boom"of stock increased all time high.
black thurs& tues oct.24/29,1929
high vol.fo selling & stock prices fell.then bottom fell out,prices fell more & more
dow jones index
fell from 381-198
income distribution
top 5% of rich in Am.had 33% of income.1 cause of crash
buying on margin
allowed ppl to borrow most of cost of stock,make low dwn paymnts.many lost all that borrowed and invested
gross Nat'l product
value of all the goods & services produced by nation in one year.fell 104-56 bill$ in 4 yrs.
hebert hoover
urged businesses not to cut wages,unions not to strike,charities to increase. against fed gvmnt aid.
hawley-smoot tariff
higest tariff in u.s hist.to protect markets from foreign comptn.Euro.set high tariffs in return.Nat'l/Int'ntl $ fell,trade fell
debt moratorium
hoover proposed this, suspension in paymnt of int'ntl debts.int'ntl $ suffered from massive loan defualts
farm board
helped farmers stabilize prices by temp.holding surplus grain&cotton in storage.made produce cost increase
reconstctn.finance corp.
fed funded,gvmnt owned, made by congress to stable rlrds,banks,life insurance comps.demcrts said would only help rich
bonus march
thous.unemployed ww1 veterans marched to washngtn to demand bonus paymnts. gen.Mcarthur used gas/tanks to drive off vets. and killed two. hoover took blame
frank d roosvlt
expanded size of fed gvmnt, scope of ops,pwrs of pres. most influential leader of 20th cent. served 12 yrs 2 mos.
20th ammndmnt (lame-duck)
shortened.pd of election& inauguration.set jan.20 as strt of pres.term in office.
1st new deal: relief,recover,reform
relief for unemployed,recovery for businesses&$ as whole,reform of am.$ insts.
brain trust
group of university professors,offerd advice to FDR on $ matters.
frances perkins
sectry.of labor,1st woman to serve in pres.cabinet
hundred days
session called by FDR, congress passed every request of the pres.
bank holidays
FDR ordered banks to close after gvmnt reorganized them on stable basis,to restore confidence in still solvent banks