Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/22

Click to flip

22 Cards in this Set

  • Front
  • Back
Public Works Programs
Government funded projects to build public facilities.
Hoovers Economic Plan
Voluntary controls within businesses were the best way to end economic crisis.

Hawley-Smoot tariff-highest import tax in history. This backfired and caused an international slowdown in trade.

Reconstruction Finance Corperation-gave credit to banks so that they could extend loans. This helped bankers more than the people.
Election of 1932
FDR promised country a "New Deal" and ran for president in 1932.

Some people voted for FDR because they were voting against Hoover. He won by a major vote.

FDR started a new era of government involvement and presidential activism.
Father Divine
Harlem evangelist.

Opened soup kitchens that fed hungry thousands every day.
National Debt
Total amount of money federal government borrowed and has yet to payed back.
Social Security Act
Provided old-age pensions for workers, unemployment insurance, survivors benefits of industrial accidents, aid for mothers blind and disabled.
National Industrial Recovery Act (NIRA)
Tried to help prices so that it would help businesses and people.

Set minimum wage and gave organized labor collective bargaining rights.
Welfare Capitalism
Approach to labor relations.

Companies met some workers' needs without prompting by unions.

Raised wages, provided benefits like vacation, health plans, English classes for recent immigrants.
1st 100 days in office
FDR pushed program after program through Congress to provide relief, create jobs, and stimulate economic recovery from March to June in 1933.
Wagner Act
National Laber Relations Act.

Legalized uneven practices: only union members could work and collective bargining

Tennessee Valley Authority
A public works project which was very popular.

Helped farmers and created jobs in one of the country's least modernized regions.
Second New Deal
Included more social welfare benefits, stricter controls over business, stronger support for unions, higher taxes on the rich.

New and expanded agencies, new labor legislation and social.
New Deal
FDR's big plans for the country.

Pushed for programs, closed banks, provided relief and created jobs, helped businesses, saved homes and farms, and improved quality of life.
John Maynard Keynes
British economist.

Said government spendingcould help collapse economy and help encourage more private spending.

This economic theory was not accepted well.
21st Amendment
Congress repealed the ban on alcohol.

The amendment was ratified by the end of the year.

Stimulated parts of the economy.
Eleanor Roosevelt
FDR's wife and distant cousin.

Supported husbands "New Deal" and traveled widely. Held own press conferences and started own newspaper columns.

Sometimes embarrassed husband.
Effects of crash
American factories began to close.

Thousands of workers lost jobs and pay was cut.

Restaurants closed because people couldn't afford to go to them.

Farm prices fell and a severe drought arose.

Rural banks were in trouble because of unpaid farm loans.

City banks couldn't return their depostitors money or sell foreclosed property.

Savings accounts vanished.

Effected people internationally.
Causes of Crash
Government didn't interact with business.

National wealth unequally distributed.

Collateral-people bought stocks with borrowed money as loans.
Treatment of Minorities (New Deal)
Lost jobs to whites.

Denied civil rights such as education, voting, health care.

Did not receive as high postitions as whites.
Crash of 1929
Millions of people invested in stocks. Stock prices rose after Herbert Hoovers election. The Dow Jones industrial average dropped.
Gross National Product (GNP)
Total annual value of goods and services a country produces.
Dust Bowl
In 1930 a severe drought killed farmland in 1930 in the Great Plains.