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44 Cards in this Set
- Front
- Back
MARGIN
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Amount of stock you could buy with credit auction
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REASONS FOR THE DEPRESSION (7)
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1.Old Industrial base
2.Unequal distribution of wealth 3.Easy credit 4.Low farm prices 5.Bad banking practices 6.High tariffs 7.Investor stupidity-greed |
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SPECULATION
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Buying and selling for quick profit
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Dow Jones Industrial Average
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A measured based on a price of a stock of 30 large companies widely used as a barometer of the stock markets health.
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Hawley Smoot Tariff
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A law enacted in the 1930's that established the highest protective tariff in the US history- worsened depression
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How many farms were foreclosed on between 1929-33?
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400 thousand
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Dust Bowl
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The region including Texas, Oklahoma, Kansas, Colorado and New Mexico that was made worthless for farming by drought and dust storms in 1930's.
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Direct Relief
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The giving of money or food by the government directly to needy people.
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Boulder Damn
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A damn on the Colorado River that is now called the Hoover Damn. Built during depression as part of public works program intended to stimulate business & provide jobs.
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Hoover
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1.Federal home loan bank act
lowered farm mortage rates 2.tax cut 3.reconstruction finance company - provice emergency funds to banks/business $2 billion |
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Bonus Army
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A group of WWI veterans & families who marched on D.C. to demand payment for bonus that they had been promised.
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Emergency Banking Relief Act
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7 bank holiday
Banks were inspected by Treasury department and those that were stable could reopen. |
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Glass-Steagal Act
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1933 Law that established the Federal Deposit Insurance Corporation (FDIC) to protect individual bank accounts.
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Federal Security Act
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A law enacted in 1933 that required corporations to provide complete accurate information on all stock offerings.
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Prospectus
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Gives you info on new stocks
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AAA 1 Agricultural Adjustment Act
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(unconstitutional)
Paid farmers not to grow things |
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AAA 2
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Parity set minimum farm prices
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Civilian Conservation Core (CCC)
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Agency established as part of the New Deal that put young, unemployed men to work building road, parks and planting trees.
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CWA Civil Works Administration
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Built schools
no money no CWA's |
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National Industrial Recovery Act
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A law enacted in 1933 to establish codes of fair practice for industries and to promote industrial growth.
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Blue Eagle Parliament
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Unconstitutional
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Clark Gable
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Actor in movie
Gone with the wind |
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Judy Garland
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Actress in movie
Wizard of Oz |
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Frances Perkins
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First Female cabinet member
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Marx Brothers
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Comedians
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HOLC
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Home Owner Loan Corporation - for foreclosures
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Federal Home Agency
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Home loan insurance
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FERA - Federal Emergency Relief Act
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only direct relief
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Deficit Spending
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Governement spending of more money than it recieves in revenue.
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Works Project Agency
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Agency established as part of second new deal that provided the unemployed with jobs.
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Radio personalities
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Bob Hope, Jack Benny, Burns and Allen
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Orsen Wells
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Narrator of the story "War of the Worlds" on radio.
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Thomas Benton & Grant Wood
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Both painters
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John Stienback
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Author of Grapes of Wrath
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Thorton Wilder
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Author of "Our Town"
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National Youth Association
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An agency that provided young americans with aid and employment during depression.
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Fair Labor Standards Act
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1. set minimum wage
2. idea of overtime 3.set 40 hour work week |
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New Deal Coalition
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An alliance of diverse groups including southern whites, blacks and unionized workers who supported the policies of the democractic parties.
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CIO -
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Congress of Industrial Organizations
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Wagner Act
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Also known as National Labor Relations Act, it protected workers rights after supreme court declared the NIRA unconstituional.
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Dorthea Lange
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Photograher during great depression.
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Social Security
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1. pensions
2. aid to dependent children 3. unemployment compensation system |
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Tennessee Valley Authority
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Provided cheap power
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Alfred (ALF) Landon
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Ran for President in 1936.
Republican lost election to Roosevelt. |