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18 Cards in this Set
- Front
- Back
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1920s
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US went from debtor country to a creditor after the war , the middle class was coming together, radio, cars, movies
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Election of 1928
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Hoover won - R - broke the solid south
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The crash
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october 24, prices collapsed. people were selling but not a lot were buying.
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The Great Depression
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Causes: stock market crash, distribution of wealth, chronic weakness, agriculture, worldwide depression, fragile world economy.
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Hoovers Solutions
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encouraged bankers to set up the national credit corp. - a private agency that would underwrite banks as they failed to safeguard their deposits - lowest rating as president
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Election of 1932
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FDR - D -
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FDR first term 32-36
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New deal - he wanted to instil confidence in american people, nothing to fear but fear itself.
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New Deal
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by FDR - a program involving massive government intervention
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First hundred days
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special session of congress - lasted from march to june
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Bank Crisis
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1930-1932 5,000 banks had faild
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Emergency Baking Relief Act
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1 billion returned to banks
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Banking act of 1933
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Established the federal deposit insurance corporation which ensured individual deposits up to 5K
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Civilian conservation corps
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jobs for unmarried men from 17-25. paid 30 a month and 25 of it went home
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Tennessee Valley Act
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independent public corporation in 1933, they built major and minor dams
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Agricultural Adjustment Act
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attempt to control farm production. there were subsidies for farmers to stop growing so the prices of crops could be bigger
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US vs Butler
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AAA unconstitutional where federal treasury made direct payments to farmers
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Dust Bowl migrations
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small farmers were driven off land and joined a migratory system to califormia. Route 66. chicago to LA and there were not many jobs in LA
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Prohibition Ends
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1933 with the 21st amendment: growth in clubs and bars
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