Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
26 Cards in this Set
- Front
- Back
|
reasons for Prosperity of the 20s
|
land speculation, automobile leads to suburban development, good stock market
|
|
|
Reasons for stock market crash in 29
|
overproduction, europe was now a competitor, speculation in NYSE, buying stocks on credit, unsound banking system, bad distribution of wealth
|
|
|
economic indicators of depression
|
steel production decrease, prosperity wiped out, 1930 bank of US in NY closed its doors, run on the banks, unemployment 6 mil unemployed by 1930
|
|
|
social indicators of Great depression
|
marriage postponement, birth rate dropped 0% pop growth, women now all unemployed, charities asking for their money back, crime high murder rate, escapism in comics and football
|
|
|
hoovervilles
|
people living in shacks, before public works and relief, starvation, farmers prices fall
|
|
|
weather in the GD
|
dust bowl 1931-1939
great plains turned to dust 1936 - 25% of GP pop left 1939 - rains came |
|
|
Bonus March 1932
|
veterans of WWi want promised bonus money during GD, bonus would not come until 1945, 20,000 hungry veterans march, hoover thought they were communist and calls the army to remove the veterans
|
|
|
hoovervilles
|
people living in shacks, before public works and relief, starvation, farmers prices fall
|
|
|
weather in the GD
|
dust bowl 1931-1939
great plains turned to dust 1936 - 25% of GP pop left 1939 - rains came |
|
|
Bonus March 1932
|
veterans of WWi want promised bonus money during GD, bonus would not come until 1945, 20,000 hungry veterans march, hoover thought they were communist and calls the army to remove the veterans
|
|
|
Herbert Hoover
|
symbolized american dream, millionaire at 27, believed everyone could pull themselves up by their own bootstraps and succeed
|
|
|
Herbert Hoover 1st phase of GD
|
"Voluntary Cooperation" - business, banks,and farmers need to cooprate to end GD
National Credit Corp - pool resources, strong banks help weak banks |
|
|
Hervert Hoover 2nd phase of GD
|
Reconstruction finance corporation, Trickle Down Theory, Emergency Relief and Reconstruction
|
|
|
HH Reconstruction Finance Corporation
|
est 1932, hoover's bank plan, gave federal loans to banks
|
|
|
HH Trickle Down Theory
|
help big boys, it would eventually trickle down to help others
|
|
|
HH Emergency Relief and Reconstruction
|
gave loans to states to start public works (bridges, roads), had to be self-liquidating
|
|
|
Democratic Coalition
|
helped FDR win election of 31, made up of urban workers, laborers, AA (switched parties), farmers (normally repub, but medium and small farmers switched), this coalition lasted until raegan
|
|
|
FDR
|
wins in 31 by a 60%, first pres to use the radio, two phases: relief and recovery 32-36, and reform 36-39
|
|
|
FERA
|
federal emergency relief admin (relieves poverty and starvation), FDR reappropriates money to feed the people temporarily
|
|
|
CWA
|
4 million people to work on emergency projects like fixing roads and doing anything really, lasts during winter of 33 and 34
|
|
|
CCCs
|
civilian conservation corpsFDR conservation effort, .25-2.5 million young men from cities to work, build parks, flood control, build roads, 3 new natl parks (smokey, shenadoah, big bend)
|
|
|
TVA
|
Tennessee Valley Authority, TN had rivers for hydroelectric power, 20 dams over the next 20 years, price of electricity dropped by 2/3rds, lakes = fishing = resorts = golf = progress
|
|
|
21st amendment
|
1933, repealed prohibition
|
|
|
Glass Seagal: FDIC
|
federal deposit insurance corporation,1933, regulated banks, money in banks insured by gov, repealed by Graham Leach Act of 1999, new regulations passed in 2010
|
|
|
SEC
|
securities exchange commission, policed the stock market, stock and bold sold the same to everyone, no insider trading,
|
|
|
New Deal Phase 1 results
|
very popular, competence in gov increased, dems pick up seats, people happy with TVA and CCCs, people put money in banks, economically growth was slow but businesses stayed afloat, get the money from deficit spending, problem with deflation not inflation from printing more money
|
