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