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33 Cards in this Set
- Front
- Back
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the practice of making high risk investments in hopes of making high gain
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speculation
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purchasing stock by borrowing part of the price from stockbrokers
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on margin
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photographer who showed the nation the realities of the Depression
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Dorothea Lange
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an item of value that a borrower agress to forfeit to the lender if the borrower cannot repay a loan
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collateral
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the collapse of the stock market
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stock market crash
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what was the date of the stock market crash?
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tuesday, october 29, 1929
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early in his administration, FDR pushed many programs through congress in the period known as the _________
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Hundred Days
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the ______ was a region in the Great Plains where drought and dust storms took place for much of the 1930s
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Dust Bowl
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the __________ were 9 African American young men wrongly accused of rape and who unjustly served many years in prison
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Scottsboro Boys
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Great Plains farmers were nicknamed _______.
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Okies
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Panhandle means ______.
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to beg
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What was "America's Breadbasket"?
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The Great Plains
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FDR's weekly radio broadcasts were called his "____________".
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"Fireside Chats"
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By what is a depression characterized?
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1. Widespread unemployment
2. Falling wages |
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How was the stock market regarded?
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As the Nation's "economic weathervane"
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The ________ was comprised of WWI veterans who went to Washington to ask Congress for bonus for fighting.
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Bonus Army
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_____ was President during the earliest years of the Depression , but he was followed by _______.
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Hoover / FDR
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Five causes of the Great Depression
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1. Stock market crash
2. Overproduction & Underconsumption 3. High tariffs on foreign goods caused decline in demand for American goods 4. Bank failures 5. Mistakes made by the Federal Reserve |
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Five visible signs of the Depression
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1. Soup kitchens and breadlines
2. "For rent" notices 3. Absence of activity 4. Men selling things on street corners 5. Decline in business activity |
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When a farmer's land was auctioned off and often given back to him
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Penny Auctions
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What were FDR's three R's?
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Relief, Reform, Recovery
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Two reasons why the stock market crashed
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1. People bought stock "on margin"
2. People began to sell their stocks |
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According to FDR, "...the only thing we have to fear is ____ itself."
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Fear
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Provides retirement benefits, aid to needy groups and unemployed, and provides disability insurance.
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Social Security
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3 types of insurance offered by Social Security
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Retirement, Disability, Unemployment
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Said compares who sold stock must give complete and truthful information to investors about stocks and bonds; operated as an independent agency to regulate the stock market and prevent fraud
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SEC (Securities and Economy Commission)
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_________ is the name given to FDR's program of repairing the economy and putting the people back to work.
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The New Deal
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For what do the letters TVA stand?
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Tennessee Valley Authority
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Five states which benefitted from the TVA.
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1. AL
2. GA 3. KY 4. MS 5. NC |
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________ is the legal procedure for reclaiming a piece of property when the buyer is unable to keep up the mortgage payments.
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Foreclosure
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What ultimately enabled the U.S. to get out of the Great Depression?
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WWII
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Guaranteed bank deposits up to $2,500
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FDIC (Federal Deposit Insurance Corp.)
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2 significant actions/agency begun by the Glass-Stegall Banking Act
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Began FDIC
Made it illegal for banks to invest in the stock market |
