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16 Cards in this Set
- Front
- Back
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What were the 4 major causes of the stock market crash of 1929?
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1. Industrial Problems
2. Overuse of Credit 3. Speculation 4. International Economic Problems |
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What were conditions of the Great Depression in the 1930s?
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1. Run on Banks
2. Unemployment 3. Farm Problems |
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What does it mean to "buy on the margin"?
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To purchase stock by paying part of the price in cash and borrowing the rest from the stock broker, using the stock as collateral.
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What is the "Dust Bowl"?
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The drought-stricken area of the Plains where many farmers were ruined during the depression years.
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What is a dole?
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a handout
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What was the Reconstruction Finance Corporation?
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Hoover's aid program in 1932. It could lend money to businesses to undertake projects that would employ more men.
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Who is Franklin Delano Roosevelt?
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Democratic president from 1933-1945
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What was the "New Deal"?
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Roosevelt's attempt to bring the nation relief and recovery.
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What was the "Brain Trust"?
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Roosevelt's group of advisors
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Explain "bank holiday".
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Roosevelt closed banks remporarily to stabilize banking.
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What was the Agriculture Adjustment Act?
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AAA - asked farmers to cut production to raise prices during the New Deal.
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What was the National Recovery Administration?
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NRA - tried to eliminate "wasteful competition" by regulating businesses during the New Deal.
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What was the "Civilian Conservation Corps"?
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CCC - Employed young men for public projects during the New Deal.
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What is the Tennessee Valley Authority?
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TVA - provided for public power projects on the Tennessee River in 7 southeastern states.
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What is Social Security?
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"old age insurance"
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What is a recession?
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a slump in business considered less severe than a full depression
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