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38 Cards in this Set

  • Front
  • Back
"New Era"
buying without being able to pay back
mass production of consumer products by companies
Economic Decline
Bank collapses
GNP is down by 1/2
high unemployment rate
causes of depression
overproduction
uneven distribution of money
easy credit
high tarriff
international econmic problems
drought and dust bowl
"riding the rails"
illigally riding freight trains
Miagrants
farmers and workers
Hawley Smoot tariff
1930s
made economy worse
hurt trade
reconstruction finance corp 1932
gave loans to businesses and farms
Bonus Army
group of WWI veterans advocating for a bonus
Election of 1932
Hoover vs FDR
FDR wins
20th ammendment
redused "lame duck" period
"brain trusts"
francis perkins, rexford tugwell
Relief
short term immediate aid to people and businesses
Recovery
mid to long term progress towards restoring better conditions
Reform
mid to long term fixed problems within nations economy to avoid future crisis
21st ammendment
Beer-wine act
let beer and wine be sold with less alcohol content
Glass-Steagall act
separated commercial and investment banking
created federal deposit insurance corporation (FDIC)
SEC
Securitys and Exchange Commision
HOLC
Home Owners Loan Corporation
FERA
Federal Emergency Relief Administration
provided immediate jobs and the only money handout program
"boondoggleing"
random useless work
CCC
Civilian Conservations Corps
Young men working on conservation projects
AAA
Agricultural Adjustment Act
Goal-make fair prices for farmers
paid farmers not to farm certain crops
NIRA
National Industrial Recovery Act
Created National Recovery Administration
NRA
National Recovery Administration
set wadges, prices, and working hours for many industries
FAILED
"sick chicken"case
poultry process
TVA
Tennessee Valley Authority
adressed the regions problems of poverty, flooding, lack of electricity and poor education.
Dr Francis Townsend
(opposed new deal)
proposed pension plan for elderly people
social security program did not work
Father Charles Coughlin
(opposed new deal)
Catholic Priest who wanted national government to take over the banks
anti-jew
anti-immigrant
Huey long
(opposed new deal)
senetor and govenor of LA
Share our wealth program
wanted power
FAILED
The Second New Deal
1935
Wagner Act
set up national labor relation board (NLRB) to mediate disputes between workers and business owners to avoid strikes
allowed collective bargaining
Social Security Act
Pension fun for elderly paid for by payroll taxes
WPA
Works Progress Administration
Jobs building public works and creating public artworks
Surpreme court
struck down several new deal programs including AAA, NRA
Success of new deal
1. dealt with worst-->good relief mesures
2. made good lasting changes to economy
3. did not fix completely
Recession 1937
GNP declines
raised taxes
What got us out of the depression?
yyayayayayay we're done
WWI
power and size of government increased
!