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20 Cards in this Set

  • Front
  • Back
What was the Great Depression?
- severe worldwide economic depression in the decade preceding World War II
- late 20's to early 30's/late 40's
What was Black Tuesday?
- Wall Street Crash of October 1929 (or the Great Crash or Stock Market Crash of 1929) was the most devastating stock market crash in the history of the U.S.
- signaled start of Great Depression
What was the Dust Bowl?
- Dirty Thirties = a period of severe dust storms causing major ecological/agricultural damage to American prairie lands 1930-1936
- caused by drought & non-rotation of crops
What is the Gross National Product?
market value of all products and services produced in one year by labor and property supplied by the residents of a country
Who was Herbert Hoover?
- 31st pres
- promoted partnerships between gov't & business under the rubric "economic modernization
Who was Franklin D Roosevelt?
- 32nd pres during worldwide economic crisis and world war
- set up New Deal
What was 20th Amendment?
- established the beginning and ending of the terms of the elected federal offices
What was the New Deal?
- series of economic programs implemented 33-36 by Roosevelt
- programs called "three R's" responding to Great Depression
- Relief for the unemployed and poor; Recovery of the economy to normal levels; and Reform of the financial system to prevent a repeat depression
Who was Frances Perkins?
- U.S. Secretary of Labor 1933-1945
- the first woman appointed to the U.S. Cabinet
- helped pull the labor movement into the New Deal coalition.
Fireside Chats?
- series of thirty evening radio speeches given by United States President Franklin D. Roosevelt between 1933 and 1944
What was FDIC?
- Federal Deposit Insurance Corporation (FDIC)
- corporation created by Glass–Steagall Act 1933. Provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank
What was Public Works Administration?
Part of New Deal created by the National Industrial Recovery Act in June 1933 in response to the Great Depression. It concentrated on the construction of large-scale public works such as dams and bridges, with the goal of providing employment, stabilizing purchasing power, and contributing to a revival of American industry
What were the Civilian Conservation Corps?
public work relief program in or unemployed, unmarried men, ages 17–25, 1933-42. part of New Deal.
- provided unskilled manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state and local governments
- aimed to provide economic relief while preserving land/resources
What was Schechter v. U.S?
A.L.A. Schechter Poultry Corp. v. United States, 295 U.S. 495 (1935), was a decision by the Supreme Court of the United States that invalidated regulations of the poultry industry according to the nondelegation doctrine and as an invalid use of Congress' power under the commerce clause. Notably, this was a unanimous decision that declared unconstitutional the National Industrial Recovery Act, a main component of President Roosevelt's New Deal.
What were the Securities Exchange Commission?
- federal agency[2] 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
What was the Second New Deal?
second stage of the New Deal programs of President Franklin D. Roosevelt. In his address to Congress in January 1935, Roosevelt called for three major goals: improved use of national resources, security against old age, unemployment and illness, and slum clearance, as well as a national welfare program (the WPA) to replace state relief efforts
What was the Works Progress Administration?
- largest and most ambitious New Deal agency, employing millions to carry out public works projects, including the construction of public buildings and roads, and operated large arts, drama, media, and literacy projects. It fed children and redistributed food, clothing, and housing. Almost every community in the United States had a park, bridge or school constructed by the agency
What was the Wagner Act 1935?
- also called National Labor Relations Act
- United States federal law that limits the means with which employers may react to workers in the private sector who create labor unions, engage in collective bargaining, and take part in strikes and other forms of concerted activity in support of their demands
What was the Social Security Act 1935?
part of the New Deal. The act was an attempt to limit what were seen as dangers in the modern American life, including old age, poverty, unemployment, and the burdens of widows and fatherless children
Who was Huey Long?
- created the Share Our Wealth program in 1934 with the motto "Every Man a King", proposing new wealth redistribution measures in the form of a net asset tax on corporations and individuals to curb the poverty and hopelessness endemic nationwide during the Great Depression
- advocate of public works
nicknamed Kingfish