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21 Cards in this Set

  • Front
  • Back
Great Depression
- an economic depression preceding WWII. it was the longest in the 20th century. It began in the US starting with the decline in stock prices and became a stock market crash worldwide. Many things dropped including personal income, tax revenue, profits and prices.
Black Tuesday
- Wall street crash was the most devastating crash in the US history. It signaled the beginning of the of the 12 yr. Great Depression that affected all western countries.
Dust Bowl
- it was a period of dust stroms causing ecological and agricultural damage. it was caused by a severe drought with extensive farming without crop rotation.
Gross National Product
- is the market value of all products and services produce in 1 yr. by labor and prperty supplie by the residents of a countyr. GNP allocates production based on ownership. It considers qualitative improvemets ad quantitative increases in good both forms of "economic growth"
Herbert Hoover
- 31st president of the US, he was a mining engineer and author, he promoited partenships between govt. and business under the rubric "economic modernization." He won the republican nomination. he believed in teh Efficiency Movement which held that the govt. and the economy were riddled with inefficiency and waste and could be improved by experts who could identify the problems and solve them.
Franklin D Roosevelt
- he was the 23rd president of the US and he eld the US during the economic crisis and world war. He defeated Herbert Hoover at the Great Depression. he gave orders that gave a complex, interlocking set of programs designed to produce relief, recovery and reform.
20th Amendment
- it establishes the beginning and ending of the terms of the elected federal offices. it also deals with scenarios in which there is no president-elect. it was ratified on january 23.
New Deal
- it was a series of economic programs implemented in the US in response to the Grea Depression. It focused on Relief, Recovery and Reform. Relief fo the unemployed and poor, Recovery of the economy to normal levels and Reform of the finanncial system to prevent a repeat depression.
Frances Perkins
- he was the secretary of labor and the first woamn appointed to the US cabinet.she helped pull the labor movement into the new deal coalition. she was among the only original member of the Roosevelt cabinet who remained on offices for his entire presidency.
Fireside Chats
- they were a series of 30 evening radio speeches goven by the US president Franklin D. Roosevelt. During each session, he would address teh citiznes of NY direclty.
FDIC
- it is a US govt. corporation created by the Glass-Steagall Act. it provides deposit insurance, which guarantees the safety of deposits in member banks. it also examines and supervises certain financial institutions for safety and soundness, performs certain sonsumer-protection function and manages banks in receiverships.
Public Works Administration
- it was created by the National Industrial Recovery Act in response to the Great Depression. it concentated on the construction of large-scale public works such dams and birdges with the goal of providing employement, stabilizing to a revival of American industry. it focused on saving natural resources.
Civilian Conservation Corps
- it was a public work relief program in the US for unemplotyed, unmarried men, ages between 17-25. it provided unskilled manual labor jobs related to the consercation and development of natural resources in rural lands owned by federal, state and local governmnets. it was designed to provide employment for young men in rleief families whi had difficulty finding jobs during the Great Depression while at the same time implementing a general natural resouce conservation program in every state and territory.
Schechter v. U.S
- it was a decision by the Supreme Court of the US that invalidated regulations of the poultry indusrty accorfing to the nondelegation doctrine and as an invalid use of Congress pwer under the commerce clause.
Securities Exchange Commission
- it is a federal agency which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets in the US.
Second New Deal
- it was by president Franklin D. Roosevelt. he called for 3 major goals: imrpoved used of national resources, security against old age, unemployment and illness, and slum clrearence, as well as national welfare program to replace state relief efforts.
Works Progress Administration
- it was the largest New Deal Agency employing million to carry out public works projects. it fed children and redistributed food, clothing... it was a national program that originated its own projects and took over state and local relief programs. it was headed by Harry Hopkins and it provided jobs and income to the unemployment during the Great Depression.
Wagner Act 1935
- it is a US federal law that limits the means with which employers may react to workers in the private sector who create labor unions, engae tin collective vargaining and take part in strikes and other forms of concerted activity in support of their demands.
Social Security Act 1935
- an act to provide for the general welfare by establishing a system of Federal old-age benefits, and by enabling the several States to make more adeuqate provision for aged persons, blind persins, dependent and crippled children, maternal and child welfare....
Huey Long
- he was noted his radical populists plicies. he proposed new wealth redistribution measures in teh form of a new asset tax on corporations and individuals to curb the poverty and hopelessness endemic nation wide Depression. he advocated federal spending on public works, schools and colleges, and old age pensions.
John L. Lewis
- he was a major player in the history of coal mining. he broke with Roosevelt in 1940 on foregin policy. he gained high wages for his mebership while steamrolling over his opponents. he gained credit for building the industrial unions of the CIO into a political and economic powerhouse to the rival of AFL.