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57 Cards in this Set
- Front
- Back
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margin call
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demand for money people owe on fallen stocks
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josiah w bailey
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nc senator against new deal program
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hooverville
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village where homeless in great depression lived
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conservative
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favors restricted policies;social/economic reform
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great depression
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economic crash 1930 to 1939
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herbert hoover
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president 1929 to 1933
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stock market crash
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october 29,1929
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bonus army
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ww1 veterans demanding $1000
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speculation
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rising stock market money
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public works
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new deal agency to create new jobs
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credit
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buying on time
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economic depression
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severe economic slump
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franklin d roosevelt
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president during great depression
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first new deal
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purpose was to create jobs security and recovery
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20th ammendment
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moved presidential innaguration from march to january
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100 days
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new deal passed
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fireside chats
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radio speeches by FDR
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2nd new deal
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series of programs to complete recovery
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social security act
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old age pention
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deficit spending
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spending more than you have
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socialism
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economic theory of government providing needs
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dust bowl
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farms damaged by dust storms
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elanor roosevelt
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FDR's wife and his personal ambassador
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congress of industrial organization
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labor union
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clyde c hoey
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governor of NC
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stockholder
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person who owns a part of a company
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o max gardner
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NC governor in 1929
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john c ehringhaus
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governor of NC
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american feteration of labor
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organization of labor unions
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sit-down strike
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union tactic
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liberal
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favors federal government action; social/economic reform
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live-at home program
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encouraged farmers to raise food for themselves, not cash crops
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why did some oppose the governments involvement in labor relations?
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because it had a major impact on american bussinesses
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why did unions grow as a result of the courts decision?
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they grew because it broadened power of congress
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september 23, 1929
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stock prices reach a high point
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october 23, 1929
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stock prices drop sharply, after period of decline
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october 24, 1929
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people panic and sell their stocks to avoid going bankrupt
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ocotober 29,1929
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stock market prices crash on black tuesday
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great depression sets in
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paniked americans withdrawl life savings from banks, banks run out of money and are forced to close, cash becomes scarce and people stop buying goods, bussinesses close or lay off workers, unemployment and homelessness soar
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rich middle class and poor
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rich: able to buy luxury items and invested heavily in stock market
middle class and poor: forced to buy goods on credit and small incomes and little savings |
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what were the risks of buying goods on credit and stocks on margin?
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they aquired large debts
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what caused thousands of banks to fail
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people spent more than they had and the stock market fell
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why did hoover become unpopular>?
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unemployment, hunger and homelessness grew
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in what ways did roosevelt give americans hope?
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he created the first and second new deal
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how did FDR sucdeddd in winning a second term?
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he proposed the second new deal
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why did people critisize FDR and his new policies?
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some thought it went too far and others thought it didnt go far enough
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why might the social security act be considered one of the most important achievements to the new deal?
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it delegated largely to important social issues such as unemployment and retirement
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how successfull was FDR in adressing the Great Depression?
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he was very successfull. he gave people hope and because of tht he was re-elected
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why were movies popular during the great depression?
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they were only 25 cents and not too expensive
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what was FDRs black cabinet?
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a group of african american advisors
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why did stock prices fall so quickly?
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people spend more money than they had and didnt pay it off
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who did president hoover think should help those in need?
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churches and local charities
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how were fireside chats used
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fireside chats were when people used the radio to reach people directly and they alowed presidents to communicate with the nation
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why didnt FDR propose many new programs in his 2nd term
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there was a struggle between him and the supreme court
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why were farmers hit especially hard
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because of the dust bowl
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how did the new deal change the role of the federal government in american life?
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it brought social and economic reform
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what was president hoovers most sucessful response to the great depression?
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the secretary of commerce ( boulder dam) now known as the hoover dam
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