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14 Cards in this Set
- Front
- Back
*Treatment of minorities (New Deal)
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*Women: NRA codes permitted lower wages for work , weren't paid as much as men
*African Americans: racial segregation was reinforced, didn't receive jobs at professional level |
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*Hoovers economic plan
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*believed the voluntary controls in the business world were the best way to end economic crisis
*actions failed |
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*Economy of 1920's (early and mid-20's)
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*out of balance
*mainly the rich who got richer *huge corprorations, rather than small business dominated American industry *1929-200 large companies controlled 49% of American industry *people were buying stocks with borrowed money |
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Crash of 1929
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*stock prices began to increase
*in sept. stock prices began to fall slowly *closed on oct. 23 and Dow Jones average dropped 21 points *people began to worry and the next thrus. investors began to sell |
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*FDR economic plan
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*provide relief and create jobs
*public work programs: build public facilities NEW DEAL |
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*New Deal
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*proposals and programs adopted by FDR in response to the Great Depression: included social and economic programs and changes in gov't regulation
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*Causes of crash
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*people began to worry about the falling prices in stocks and began to sell them
*they had to sell them for less money ex.-> 400 for 283$$$ |
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*Dust Bowl
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*conditions of the Depression were made even worse by the drought and dust storms that took place in the Great Plains
*caused farmers to migrate and leave farm land behind |
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*Effects of crash
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*income and profits fell
*GNP went down (total annual value of goods) *Businesses closed *Banks closed- couldn't return depositors' money or sell forclosed properties *economy was unstable |
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*Pack Supreme Court
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*the constitution had not specified the # of supreme court justices
*appointed new justices that were for the new deal |
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*1st 100 days in office
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*provide relief, create jobs, and stimulate economic recovery
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*Failure of the New Deal
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*Women and African Americans were treated as minorites
*limited individual freedom *Political right: those who wanted to preserve a current system or power structure *pol. left: generally seeks governmetnal change |
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*21st amendment
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*constitutional amendment of 1933 repealing the 18th amendment, thus ending prohibition
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*2nd New Deal
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*included more social welfare benefits, stricter controls over businesses, stronger support for unions and higer taxes on rich
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