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17 Cards in this Set
- Front
- Back
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Impact of Auto
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It caused the construction of paved roads suitable for driving in all weather. How is this now came equipped with garages or driveways, resulting in smaller lawns. Urban sprawl was one result; automobiles allowed workers to live miles from their jobs, and spread cities in all directions.
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Economic Issues for Farmers in 1920
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Farmers grew more crops and raising more livestock than they could sell at a profit. They were steadily growing deeper in debt.
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Red Scare
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A nationwide fear of communists, socialists, anarchists, and other dissidents
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Prohibition
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National ban on the sale, manufacture, and transportation of alcohol, in place from 1920-1933.
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Flapper
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A "new breed" of young Western women in the 1920s who wore short skirts, bobbed their hair, listened to jazz, and flaunted their disdain for what was then considered acceptable behavior
Nativism |
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Nativism
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Favoring the interests of established inhabitants over those of immigrants.
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19th Amendment
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Gives Women the ability to vote
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Harlem Renessaince
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From 1918-1937, a blossoming of African American culture, particularly in the creative arts, and the most influential movement in African American literary history. Embracing literary, musical, theatrical, and visual arts, participants sought to create the new Negro apart from the white stereotypes that had influenced black peoples’ relationship to their heritage and to each other.
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Great Migration
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The relocation of more than 6 million African Americans from the rural South to the cities of the North, Midwest and West from 1916 to 1970
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Causes of Great Depression
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Buying on margin
Farmer debt Lack of regulation Over extension of credit Week banking system WWI debt Tariffs Speculation and distribution of wealth |
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Effects of Depression
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Closure of 9000 banks
Failure of businesses Fast collapse Depositors lose $2.5 billion+ Nation’s money supply decreases Prices reduced, workers laid off GNP: $104 billion $76.4 billion in 1932 (25% decline) |
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Hoovers Belief in Government
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Believed the depression was part of the natural 'boom - bust' cycle of capitalism and that the economy in general, and the stock market in particular, would in effect fix themselves, thus ending the depression.
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FDR'S Response to Depression
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New Deal
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New Deal Reforms
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CCC
CWA FHA FSA HOLC NRA PWA SSA TVA WPA |
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Criticism of New Deal
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It created a deficit.
It stifled individual initiative. It created a cycle dependency. |
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Successes of New Deal
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3 million jobs were created.
It created a social safety net giving old age pension. The FDIC strengthened the banks. Regulation Brings hope to citizens Trust |
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How did FDR approach Depression different than Hoover?
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FDR actually tried to stop the depression, while Hoover just let it go thinking that it would end itself.
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