Us History Chp 15 & 16 Great Dep. & New Deal

Front 1

Dow Jones Industrial Average

Back 1

Measure of average of stock prices of major industries (p508)

Front 2

Black Thursday

Back 2

Thursday, October 24, 1929 - Worried investors began to sell, stock prices fell. (p509)

Front 3

Black Tuesday

Back 3

October 29, 1929 - A record 16.4 million shares were sold. The day on which the Great Crash of the stock market began. (p509)

Front 4

The Great Crash

Back 4

The collapse of the American stock market in 1929. (p509)

Front 5

Bank runs

Back 5

Fearful that banks would run out of money, people rushed to make withdrawals from their accounts. To pay back these deposits, banks had to recall loans from borrowers. (p510)

Front 6

Great Depression

Back 6

The most severe economic downturn in the nation's history, which lasted from 1929 to 1941. (p511)

Front 7

Three underlying causes of the Depression

Back 7

1) an unstable economy
2) Overspeculation (stock market boom was based on borrowed money & optimism
3) Government Policies-Mistakes in monetary policy and too little money in circulation (p512)

Front 8

Hoovervilles

Back 8

Term used to describe a makeshift homeless shelter during the early years of the Great Depression (p514)

Front 9

The Dust Bowl

Back 9

Term used to describe the central & southern Great Plains in the 1930s, when the region sustained a period of drought and dust storms (p514)

Front 10

Dorothea Lange

Back 10

Photographed migrant farm workers during the Great Depression; inspired government aid programs & Steinbeck's The Grapes of Wrath (p517)

Front 11

21st Amendment

Back 11

Constitutional amendment ratified in 1933 to repeal Prohibition (p522)

Front 12

Empire State Building

Back 12

A dramatic symbol of hope; John J. Raskob, developer.
102-stories, 1250 feet into the sky, 67 elevators travelling 1000 fee per minute. Officially opened on May 1, 1931. Cost of construction about $41 million

Front 13

Hawley-Smoot tariff

Back 13

The highest import tax in history, passed by Congress in 1930 (p525)

Front 14

Reconstruction Finance Corporation (RFC)

Back 14

Corporation set up by President Hoover in 1932 to give government credit to a number of institutions, such as large industries and insurance companies (p525)

Front 15

Bonus Army & the Bonus Army Marches

Back 15

A group of World War 1 veterans and their families who protested in Washington DC in 1932; demanding immediate payment of a pension bonus that had been promised for 1945 (p526)

Front 16

New Deal

Back 16

Term used to describe President Franklin Roosevelt's relief, recovery and reform programs designed to combat the Great Depression. (p537)

Front 17

20th Amendment

Back 17

Nicknamed the "lame-duck amendment" which changed to date of the inaugural to January 20. Ratified in early 1933. (p536)

Front 18

Second New Deal

Back 18

Second Hundred Days-Period of legislative activity launched by President Franklin Roosevelt in 1935 (542)

Front 19

Social Security System

Back 19

System established by the 1935 Social Security Act to provide financial security, in the form of regular payments, to people who cannot support themselves.

Front 20

New Deal

Back 20

Term used to describe President Franklin Roosevelt's relief, recovery and reform programs designed to combat the Great Depression. (p537)

Front 21

20th Amendment

Back 21

Nicknamed the "lame-duck amendment" which changed to date of the inaugural to January 20. Ratified in early 1933. (p536)

Front 22

Second New Deal

Back 22

Second Hundred Days-Period of legislative activity launched by President Franklin Roosevelt in 1935 (542)

Front 23

Social Security System

Back 23

System established by the 1935 Social Security Act to provide financial security, in the form of regular payments, to people who cannot support themselves.

Front 24

Father Coughlin

Back 24

A dynamic speaker who used the radio to broadcast his message. Throughout the 1930s, the so-called Radio Priest held listeners spellbound from his studio in Detriot. 1934-reached an estimated 10 million people. (p548)

Front 25

Huey Long

Back 25

Louisiana politican in 1930s; suggested redistributing large fortunes by means of grant to families; assassinated in 1935 (p549)

Front 26

John Steinbeck

Back 26

Wrote "The Grapes of Wrath" (1939), a powerful tale about Dust Bowl victims who travel to California in search of a better life.

Front 27

Securities and Exchange Commission (SCC)

Back 27

Congress set up in 1934 to regulate the stock market. (p538)