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22 Cards in this Set
- Front
- Back
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Herbert Hoover
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Thirty 1st president of the U.S.1929-1933. Responded ineffectively to 1929 stock market crash and Great Depression.
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Welfare Capitalism
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Industrial policy of meeting workers' needs with increased pay and benefits for the purpose of preventing labor union organization.
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Norman Thomas
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Socialist party leader and candidate for president in the 1920 and 1930s; won 2% of the vote in 1932.
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Father Divine
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African American minister whos Harlem soup kitchens fed the hungry during the Great Depression.
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Empire State Building
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Dramatic symbol of hope for many people; tallest building in the world 102 stories high.
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Scottsboro Boys
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9 African American boys convicted of raping 2 white women on a train in Alabama in 1931.
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Socialists
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People who advocate collective ownership of factories and property.
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Real Wages
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Value of income adjusted to account for inflation; used to compare wages in different time periods.
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Reconstruction Finance Corporation
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Government corporation set up by president Herbert Hoover in 1932 that gave government loans to banks.
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Dow Jones Industrial Average
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An average of the prices of the stock of leading industries that gauges the health of the stock market.
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John Maynard Keynes
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British economist who believed that government spending could help a faltering economy; his theories helped shape New Deal legislation.
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Hoovervilles
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Towns of makeshift houses built by homeless people during the Great Depression.
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21st Amendment
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Constitutional amendment of 1933 repealing the 18th amendment, ending prohibition.
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Buy on Margin
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Practice of buying stocks by paying 10-50% of teh full price and borrowing the rest.
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Hawley-Smoot Tariff
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Import tax levied in 1930, the highest in U.S. history; produced the opposite of its intended effect when international trade slowed.
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Collateral
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Something pledged as security for a loan that can be claimed by the lender if the loan is not repaid.
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Bonus Army
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Group of world war 1 veterans who marchedto Washington in 1932 asking to recieve their pension bonus early.
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Speculation
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Undertaking risk on stocks or realestate for the chance of profit.
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Franklin Delano Roosevelt
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32nd president of the U.S. 1933-1945; fought the Great Depression through his New Deal social programs; battled congress over supreme court control.
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Installment Buying
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A method of paying for an expensive item over many months in installments and including interest.
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Eleanor Roosevelt
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1st lady1933-1945; tireless worker for socail causes , including women's rights and civil rights for African Americans and other groups.
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The Gross National Product (GNP)
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total amount of goods and services a nation produces; used to gauge economic strength.
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