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46 Cards in this Set

  • Front
  • Back

What is the term for one person's spending becoming another person's income.?

Multipler effect.

What are goods that are expensive and don't wear out quickly.?

Durable goods.

This is a consumers desire and willingness to pay a price for a good or service

Demand

The fluctuations in economic activity that am economy experiences over a period of time is called.?

The business cycle.

A situation that occurs when a larger number of banks or other financial institutions customers with drawl.

Bank run

Center all bank of the United States that provides the nation with a safe, flexible and stable monetary and financial system is called.?

The federal reserve.

What was the kickoff to the great depression.?

Stock market crash.

Why did the banking system collapse.?

Banks made bad loans and when people came in drove to withdrawal their money, the bank didn't have.

What was hoover response to the great depression.?

Hoover believed in rugged individualism and fend for yourself.

What is a hooverville.?

Little, shanty towns set up by unemployed, homeless people.

What was the smooth Hawley tariff and what problems did it cause.?

A high tariff, it caused other countries not to buy American products and made unemployment worse.

What were two things set up by charities to help feed the poor.?

Bread lines and soup kitchens.

What was the bonus army.?

World War 2 vets that marched on Washington to get the bonus they had been promised.

What was the dust bowl.?

A dirt storm, dirt flying in the air making it hard to see anything.

What was the boll weevil

A beetle that infested forms in the south and destroyed crops.

Who were okies.?

People who had lost their farm and started traveling west.

What route did okies use to travel.?

Route 66

What book was written by John Steinbeck, which was told to the okie family.?

Grapes of wrath.

What famous boxing match featured clashing ideas from America and Nazi Germany.?

Joe Louis vs. Mac schmelling.

What monument was built out of solid rock in the black hills.?

Mount rushmore.

What huge building projects became the largest concrete one of its kind in the world.?

Wilshire grand.

What are the legacies of the new deal.? List two.

1.) Set foundations for welfare state.


2.) Established federal regulation of the economy.

What ends the Great Depression.?

The end of world War 2.

What was the Roosevelt recession.?

A slow down in the economy.

What is a sit down strike.?

Tactic used by cio. Workers would sit down and refuse to work.

Who was Mary McLeod bethune.?

FDR and Eleanor's advisor on race regulations.

What was the black cabinet.?

FDR'S African American advisors, Eleanor's idea.

What people/groups opposed the new deal.?

Father Charles Coughlin- Catholic group.


Huey long- New deal didn't go very far.


American liberty league- New deal went too far.


Dr. Francis townshed- said new deal was bad.

What was the court packing bill.?

A bill that said all supreme Court Justice over the age of 70 had to retire. (6 justices)

What did the Wagner act do.?

Made labor unions legal for good.

Who was the okie singer considered the founder of folk music that wrote "this land is your land.?"

Woody Guthrie.

What happens to Franklin Roosevelt at CampoBello springs.?

Gets polio.

How is FDR get some strength back in his legs.?

Bought warm Springs and did physical therapy.

What was the Roosevelt coalition.?

A group of people that help FDR get elected president.

What was the most lasting program and what did it do.?

Social security act- created unemployed insurance and old age pensions.

What was the best and most important public works program and what did it do.?

Works progress administration.

What did the CCC do.?

Put young men aged 18-25 to work.

What did the 21st amendment do.?

Repealed prohibition. (Legalized alcohol again.)

What did the glass steagall act do.?

Established the federal deposit insurance corporation.

What is significant about Francis perkins.?

Secretary of labor.- 1st women cabinet member.

Who was the "main brain?"

Harry Hopkins.

What nickname did FDR'S cabinet get.?

Brain trust

What was significant about the first q00 days of FDR'S presidency.? This is what all presidents since are measured by their first 100 days..

15 major pieces of new deal legislation passed.

What were fire side chats

Radio talks about FDR about issues of public license concern and explained the new deal policies in simple language.

The system by which the value of a currency is based on a certain metal.?

Gold standard

How did FDR'S address two of the problems that cause the great depression.

Stock market- creation of the sec to regulate buying on margin.


Bank- bank holiday restore confidence in banks.