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28 Cards in this Set
- Front
- Back
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Welfare Capitalism
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New approach to labor relations
-Meet some of their workers needs without demands from unions to keep unions week |
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Speculation
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The practice of making high-risk investments in hopes of getting a high gain
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Buying on Margin
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Buy a stock for only a fraction of its price and borrow the rest
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Dow Jones Industrial Average
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an average of stock prices of major industries
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Black Tuesday
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October 29, 16.4 million shares sold
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Great Crash
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Collapse of the stock market
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Business cycle
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Periods in which the economy grows
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Great Depression
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A severe economic decline that lasted from 1929 until the United States entry into WWII in 1941
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Gross National Product(GNP)
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The total value of goods and services a country produces annually
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Hoovervilles
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Shelters for the homeless mocking the president
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Dust Bowl
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A region in the Great Plains where drought and dust storms took place for much of the 1930's
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Twenty-first Amendment
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Repealed prohibition
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Hawley-Smoot Tariff
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The highest import tax in history
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Bonus Army
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20,000 jobless WWI vets. encamped in D.C. who wanted immediate payment of a pension bonus that had been promised for 1945
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New Deal
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FDR's program of relief, recovery, and reform aimed at combating probles caused by the Depression
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Hundred Days
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the period from FDR's inauguration in march through June 1933 when FDR pushed program after program through congressto provide relief, create jobs, and stimulate economic recovery
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Public Works Programs
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Government-funded projects to build public facilities
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Tennessee Valley Authority
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Created May 1933, helped farmers and created jobs in one of the country's least developed regions
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Second New Deal
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In 1935 when FDR launched a new, even bolder burst of legislative activity
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Wagner Act
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legalized practives allowed only unevenly in the past
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Social Security System
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1935-provided security in the form of regular payments to people who could not support themselves
-Old age pensions and survivors benefits -Unemployment insurance -aid for dependent children, blind, and the physically disabled |
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American Liberty League
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1934-spearheaded much of the opposition to the New Deal
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Demagogues
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Leaders who manipulate people with half-truth
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Nationalization
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Conversion to government ownership
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National Debt
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the total amount of money the federal government has borrowed and has yet to pay back
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Revenue
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governments income
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Coalition
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alliance of groups with similar goals
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Sit-down Strikes
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laborers stopped work but refused to leave in the workplace
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