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22 Cards in this Set

  • Front
  • Back
Stock speculation
blamed for keeping the market artificially high and high interest rates which lead to an even larger market crashes.
BUYING ON MARGIN
In margin buying, the trader borrows money (at interest) to buy a stock and hopes for it to rise.
HAWLEYSMOOT TARIFF
Was an act 1930, raised US tariffs on over 20000 imported goods to record levels.
REVENUE ACT OF 1932
Signed by Hoover raised United States tax rates across the board, with the rate on top incomes rising from 25 percent to 63 percent. The estate tax was doubled and corporate taxes were raised by almost 15 percent.
RECONSTRUCTION FINANCE CORP.
Independent agency of US govt, established in 1932, during Hoover, gave money to staes and
local govt made loans to banks rr and businesses, continued byy the new deal.
“TRICKLE DOWN”
Give money to the top and it will trickle down to the people., turn goods at lower prices
DUST BOWL
A period of dust storms causing agricultural damage, casued by drought, fucked up farming crop rotations, and ruined land
BONUS ARMY
Hoover handled very poorly, WWI vets had been promised 1000 dollar bonus in 1935, but because destitution they asked to get it early by pressuring congress, marched to congress
ECONOMICS OF SCARSCITY
Scarce goods raise the prices, ie agricultureal adjustment act
AGRICULTURAL ADJUSMENT ACT
restricted agricultural production in the New Deal era by paying farmers subsidies not to plant part of their land and to kill off excess livestock. Its purpose was to reduce crop surplus so as to effectively raise the value of crops,
NATIONAL INDUSTRIAL RECOVERY ACT
New deal, roosebelt. Authorized president to regulate industry and permit cartels and monopolies in attempt to stimulate economic recovery
Civilian Conservation Corps
Public work relief program for unemployed men 18-25 Part of the new deal, provided manual labor jobs. Live in tents and stuff
FEDERAL EMERGENCY RELIEF ACT
Gave loans to the states to operate relief programs (such as CCC), creating new jobs in local and state govt, psychologically more beneficial to the unemployed.
HUEY LONG
Felt that the govt wasn’t doing enough (very influencial and far left) Governor and senator of Louisiana. Created Share our wealth program “everyman a king, wealth redistribution, taxing the rich
SOCIAL SECURITY ACT
Roosevelt during the new deal, helped old age poverty unemployment and widows and fatherless children, provided benefits to reitees and unemployed. , payroll tax.
RESETTLEMNT ADMINISTRATION
relocated struggling urban and rural families to communities planned by the federal government.
WROKS PROGRESS ADMINISTRATION
Largest most ambitious new deal agency, emplying millions to cary out pub work projects, building roads etc. many in the ARTS It fed kids and redistributed food cothes nad housing, constructed community things such as parks bridges or schools. Rural populations
DEFICIT SPEDING
amount by which a government, private company, or individual's spending exceeds income over a particular period of time,
NEW DEAL COALITION
Alignment of interest groups and voting blocs that supported the New deal and voted for Democradic presidential canadites. Included the democratic party, labor unions, minorities, liberal farm groups, white southerners
ROOSEVELT
President after Hoover, democratic, created the new deal.
The banking crisis
verge of collapse, bank funds invested in teh stock market lost their value nad panicked depositors withdrew their savings, banks closed their doors. Banking had been suspended.
Congress of Industrial Organizations
Creatyed unions in to secure economic freedom and industrial democracy for American workers. Started by mine workers