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10 Cards in this Set
- Front
- Back
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The Great Depression |
- the severe economic decline that began in 1929 and lasted almost a decade - 1929-1939 |
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Herbert Hoover |
- elected president in 1928 - wanted to wait for the storm to pass |
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Warren G. Harding |
- 29th President - decade of conservatism and benefits for big businesses - isolationist stance |
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Calvin Coolidge |
- conservative - president once Harding died - wanted to sweep away progressive legislation and reward big businesses |
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John Meynard Keynes |
- British economist - believed that deficit spending during recessions and depressions could revive national economies - FDR applied that concept in New Deal - converted Democrats to Keynesian minded policy makers for next several decades |
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Franklin Delano Roosevelt |
- aka FDR - elected in 1933 - "nothing to fear but fear itself" - New Deal - led country through WW2 |
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AAA |
- Agricultural Adjustment Administration - created by congress 1933 to help farmers - |
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Bonus Army |
- group of 20,000 disgruntled WWI veterans - marched on Washington DC 1932 - wanted to cash in army bonuses congress promised by 1945 - congress refused - set up large shantytown in middle of capital - Hoover had federal troops forcibly remove them - fatal political error for Hoover |
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CCC |
- Civilian Conservation Corps - created by congress 1933 - one of the most popular relief programs in New Deal - put millions of young men to work - reforested timberlands, fought forest fires, built public roads, maintained public parks |
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Black Friday |
- stock market crash - October 29, 1929 - catalyst for Great Depression, but not the cause necessarily |
