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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 |
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Economic Decline
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Bank collapses
GNP is down by 1/2 high unemployment rate |
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causes of depression
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overproduction
uneven distribution of money easy credit high tarriff international econmic problems drought and dust bowl |
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"riding the rails"
|
illigally riding freight trains
|
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Miagrants
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farmers and workers
|
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Hawley Smoot tariff
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1930s
made economy worse hurt trade |
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reconstruction finance corp 1932
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gave loans to businesses and farms
|
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Bonus Army
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group of WWI veterans advocating for a bonus
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Election of 1932
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Hoover vs FDR
FDR wins |
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20th ammendment
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redused "lame duck" period
|
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"brain trusts"
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francis perkins, rexford tugwell
|
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Relief
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short term immediate aid to people and businesses
|
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Recovery
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mid to long term progress towards restoring better conditions
|
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Reform
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mid to long term fixed problems within nations economy to avoid future crisis
|
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21st ammendment
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Beer-wine act
let beer and wine be sold with less alcohol content |
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Glass-Steagall act
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separated commercial and investment banking
created federal deposit insurance corporation (FDIC) |
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SEC
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Securitys and Exchange Commision
|
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HOLC
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Home Owners Loan Corporation
|
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FERA
|
Federal Emergency Relief Administration
provided immediate jobs and the only money handout program |
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"boondoggleing"
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random useless work
|
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CCC
|
Civilian Conservations Corps
Young men working on conservation projects |
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AAA
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Agricultural Adjustment Act
Goal-make fair prices for farmers paid farmers not to farm certain crops |
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NIRA
|
National Industrial Recovery Act
Created National Recovery Administration |
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NRA
|
National Recovery Administration
set wadges, prices, and working hours for many industries FAILED |
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"sick chicken"case
|
poultry process
|
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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 |
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The Second New Deal
|
1935
|
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Wagner Act
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set up national labor relation board (NLRB) to mediate disputes between workers and business owners to avoid strikes
allowed collective bargaining |
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Social Security Act
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Pension fun for elderly paid for by payroll taxes
|
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WPA
|
Works Progress Administration
Jobs building public works and creating public artworks |
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Surpreme court
|
struck down several new deal programs including AAA, NRA
|
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Success of new deal
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1. dealt with worst-->good relief mesures
2. made good lasting changes to economy 3. did not fix completely |
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Recession 1937
|
GNP declines
raised taxes |
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What got us out of the depression?
yyayayayayay we're done |
WWI
|
|
power and size of government increased
|
!
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