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51 Cards in this Set
- Front
- Back
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What year was the Great Depression in?
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1930's
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What is Black Tuesday?
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The day the stock market crashed. October 1929
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Who was the president during the stock market crash?
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Herbert Hoover
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Who got blamed for the stock market crash?
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Hoover
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Why did the stock market crash?
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Common people started buying stocks. Unequal distribution of money. World economy was slow
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What is a margin loan?
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You borrow money and pay it back when (if) you make money.
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How did the stock market work?
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You invest in a business, You own a small piece of the business, You are an “investor” in the business, Buy low, Sell High, You get dividends each year. It is gambling & people were addicted.When market fell, they freaked out.
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What did hoover do to try and help?
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Lowers the income tax, but it was already low, so it doesn’t help. Gives aid to farmers and business. Did NOT help people or families.
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What is a Hooverville?
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living in empty lots in shacks made out of scraps and boxes
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What was a hunger march?
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Men steal food
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What did farmers do to strike?
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Farmers use violence to protect their land
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What was a Bonus Army March?
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Army-Veterans march on Washington to get life insurance cashed. Camp near White House, protest. Hoover uses force to push them out of D.C. Hoover looks VERY bad!!
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What was the Dust Bowl?
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MAJOR amounts of dust blowing across the Great Plains. Killed animals, destroyed farms. Buried roads and railroads. Buried houses and barns.
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What caused the Dust Bowl?
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Over Farming & Severe Drought
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How high did the Dust bowl get?
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1,000 foot high & miles long
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What did the Dust Bowl lead to?
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Rotating crops. Planting trees as windscreen. No plowing until just before planting
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What were Okies?
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Farmers fleeing area (to Calif) were
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Who was Dorthea Lange?
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Great Depression Photographer
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What was The New Deal?
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F.D.R’s plan to get U.S. out of the Depression
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What was the famous quote by Roosevelt?
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"Nothing to fear but fear itself"
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What were Fireside chats?
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Weekly talks on the radio that Roosevelt would do to tell the people of the country What he was doing & how
It would help the country. |
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How did Fireside chats get its name?
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F.D.R. wanted it to seem like he was in the room with his listeners, by the fire in a living room
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What did FDR do as President?
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Took control, good leader, Created programs
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What did the Bank holiday do?
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shut down banks so people could settle down and banks could regroup
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What was the Rural Electrification Act?
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Electricity to farms
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What were the three R's?
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Relief- Jobs, money (CCC, WPA, FERA)
Recovery- Get cycle going (AAA, TVA) Reform- Changes (SEC, FDIC) |
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What is the Federal Deposit Insurance Corp.?
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Insured & protected people’s money in the banks. Restored faith in banks and people started using them again. Reduced fear and loosened people up
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What is the Securities & Exchange Commission?
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Regulated the stock market. Kept an eye on activity in stock market. Made rules for stock market
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What is the Tennessee Valley Authority?
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Brought electricity to the Tennessee Valley for first time. Dammed rivers to create lakes and hydro-power
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What did the Tennessee Valley Authority lead to?
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Led to jobs: By
Damming rivers Tourism (fishing) Factories (now that there is electricity) |
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What is the Agricultural Adjustment Administration?
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Paid farmers to NOT farm part of their land & kill some of their livestock. Decreased supply which raised prices. Allowed farmers to stay in business. Concept still around today
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Is the Agricultural Adjustment Administration still around today?
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Yes
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What is the National Recovery Act (Admin)?
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Put rules on businesses to encourage growth
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What did the National Recovery Act do for jobs?
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40 work week. Overtime pay (minimum wage). Banned child labor. Fixed prices
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What created minimum wage?
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Overtime pay
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What poster did people have to put up for people to buy from them?
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NRA (National Recovery Act)
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What is the Public Works Administration?
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Put men to work building structures that would help the country. Salaries paid by Federal Govt.
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What building structure's did the Public Works Administration build to help the country?
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Bridges, Park buildings, sewers, etc
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What is the Civilian Conservation Corps?
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Put men to work in national parks improving the environment. Salaries paid by Federal Govt.
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What is the Federal Emergency Relief Administration?
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Federal Govt. gave money to states to help “relieve” the people.
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Who did the Federal Emergency Relief Administration give money to?
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Soup kitchens
Help the unemployed Help pass out blankets and clothes Employment schemes |
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What was the New Deal Opposition?
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American Liberty League- did not like the debt U.S. was gaining. Supreme Court cases shooting down some of his programs
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Who were some of the opposers?
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Huey Long-Senator
Father Charles Coughlin Dr. Francis Townsend |
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What did Social Security do?
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Made people feel more secure socially
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How does FDR help Labor?
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Creates minimum wage
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Who was Francis Perkins?
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First woman cabinet member- Sec. of Labor
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Who shot down the idea of Minimum Wage?
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Supreme Court. But it was soon created again and it stuck
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What did Minimum wage do?
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Allowed workers to join unions
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Who didn't win the election of 1936?
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Alf Landon (Rep)
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What did people use to get their mind off of the Great Depression?
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Movies
Radio Sports |
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