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21 Cards in this Set
- Front
- Back
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Great Depression
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What: Worldwide economic depression preceding World War II
When: late 1920s Significance: Unemployment rate in America descended to its lowest ever |
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Black Tuesday
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What: efforts to save the market failed; 16 million shares of stocks were traded, the industrial index dropped 43 points; stocks in many companies became virtually worthless
When: October 29, 1929 Significance: Market continued to decline; began the Great Depression to recover |
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Dust Bowl
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What: Area stretching north from Texas into the Dakotas experienced a steady decline in rainfall and accompanying increase in heat
When: Began in 1930 Significance: Turned fertile farm regions into virtual deserts |
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Gross National Product
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What: the market value of all products and services produced in one year by labor and property supplied by the residents of a country
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Herbert Hoover
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Who: President
When: Began presidency in 1929 Significance: Attempted to restore public confidence in the economy, used government spending as a tool for fighting the Depression, constructed a program at support the agricultural economy |
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Franklin D Roosevelt
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Who: A democrat who became the United State president in 1933
When: Became president in 1933 Significance: His program to alleviate the problems of the great depression became known as the "new deal" and he remained president through WWII. |
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20th Amendment
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What: establishes the beginning and ending of the terms of the elected federal offices. It also deals with scenarios in which there is no President-elect.
When: Ratified on January 23, 1933 |
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New Deal
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What: Series of new laws and programs introduced by president Roosevelt during depression to create jobs and improve the economy.
When: Implemented between 1933 and 1936 Significance: Changed the relationship between the American people and their government |
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Frances Perkins
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Who: U.S Secretary of Labor
When: April 10, 1880 – May 14, 1965 Significance: first woman appointed to the U.S. Cabinet |
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Fireside Chats
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What: Roosevelt explained his programs and plans to the people, and helped build public confidence in the administration
Significance: Used the radio regularly to express his thoughts; first president to do this |
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FDIC: Federal Deposit Insurance Corporation
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What: preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.
When: Created by the Glass–Steagall Act of 1933 |
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Public Works Administration
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What: Concentrated on construction of large-scale public works; had the goal of providing employment, stabilizing purchasing power, and contributing to a revival of American industry
When: June 1933 |
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Civilian Conservation Corps
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What: A public work relief program in the United States for unemployed, unmarried men, ages 17–25,
When: Introduced in 1933 and ended in 1942 Significance: Provided jobs for young men |
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Schecter Vs. U.S
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What: Decision which invalidated regulations of the poultry industry according to the nondelegation doctrine and as an invalid use of Congress' power under the commerce clause
When: 1935 |
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Securities Exchange Commission
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What: Enforces the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets
When: 1934 |
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Second New Deal
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What: Goals were to improve use of national resources, security against old age, unemployment and illness, and slum clearance, as well as a national welfare program (the WPA) to replace state relief efforts
When: Passed between 1935-1938 Significance: Legislation relied more heavily on the Keynesian style of deficit spending |
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Works Progress Administration
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What: Employed millions to carry out public works projects, including the construction of public buildings and roads, and operated large arts, drama, media, and literacy projects
When: Part of New Deal Significance: largest and most ambitious New Deal agency |
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Wagner Act of 1935
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What: Federal law that protects the rights of most workers in the private sector to organize labor unions, to engage in collective bargaining, and to take part in strikes and other forms of concerted activity in support of their demands
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Social Security Act of 1935
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What: Limited what were seen as dangers in the modern American life, including old age, poverty, unemployment, and the burdens of widows and fatherless children
When: August 1935 |
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Huey Long
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Who: As governor and as Senator he supported segregation yet also received the support of many Blacks; used his power and influence to help the poor, build roads and hospitals, provide textbooks and lunches for the poor school children and other social benefits that were unheard of at the time
When: Significance: Introduced "Share the Wealth" plan which he would tax the rich and allow no personal incomes of more than $1 million a year |
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John L. Lewis
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Who: American leader of organized labor who served as president of the United Mine Workers of America
When: Was leader from 1920-1960 Significance: driving force behind the founding of the Congress of Industrial Organizations |
