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44 Cards in this Set
- Front
- Back
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Price Support |
government buys surplus products at a guaranteed price |
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credit |
arrangement where a customer buys now and pays later |
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Alfred Smith |
Democratic candidate for president in 1928 |
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Dow Jones Industrial Average |
average value of stock for the top 30 industries |
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speculation |
risky investments in over priced stock |
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buying on margin |
paying a small percentage of a stock's value as a down payment and borrowing the rest |
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Black Tuesday |
Oct. 29th- stock market crashes and many lose billions |
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Great Depression |
period from 1929- 1940 in which the economy plummeted and unemployment skyrocketed |
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Hawley-Smoot Tariff Act |
1930 import tax, highest protective tariff in U.S. history |
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hoovervilles - shanty towns |
shack towns built by homeless |
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soup kitchens |
offered free or low cost food |
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bread lines |
lines of people waiting to receive food from charitable organizations or public agencies |
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Dust Bowl |
region hardest hit by drought including Kansas, Oklahoma, Colorado, Texas and New Mexico |
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direct relief |
cash payments or food provided by the federal government |
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Herbert Hoover |
President during depression from 1929- 1932 |
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Boulder Dam( Hoover Dam) |
public works program that built a dam to provide electricity and a regular water supply |
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Federal Home Loan Bank Act |
lowered mortgage rates and allowed farmers to refinance their farm loans and avoid foreclosure |
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Reconstruction Finance Corporation |
provided emergency funding to banks, life insurance companies, railroads, and other large businesses |
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Bonus Army |
World War I veterans who demanded their bonus pay from WWI |
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Franklin Roosevelt |
1932 Democratic presidential candidate |
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New Deal |
programs or relief, recovery and reform |
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Glass - Steagall Act |
established the Federal Deposit Insurance Corporation(FDIC), which insured bank deposits |
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Federal Securities Act |
corporations had to make public complete information on all stock offerings. Also established the Securities and Exchanges Commission(SEC), which controls the stock market |
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Agricultural Adjustment Act |
tried to raise crop prices by lowering production, paying farmers to idle acreage. |
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Tennessee Valley Authority |
project that helped farmers and created jobs building hydroelectric plant |
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Civilian Conservation Corps |
put young men 18 - 25 to work building roads, developing parks, planting trees, and helping in soil erosion and flood control projects
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National Industrial Recovery Act |
provided money to states to build schools and other community buildings |
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deficit spending
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spending more money than the government makes in revenue |
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Huey Long |
opponent of the New Deal, wanted people to share the wealth, everyone would get something |
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Eleanor Roosevelt |
Presidents wife who believed in helping farmers and labors to improve social conditions |
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Works Progress Administration |
tried to create as many jobs as possible between 1933- 1943 |
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National Youth Administration |
created to provide education, jobs , counseling and recreation for young people |
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Wagner Act |
federal government protected the right of workers to join unions and allowed for collective bargaining |
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Social Security Act |
old age insurance for retires, unemployment compensation and aid families with dependent children and people with disabiities |
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Frances Perkins |
first female cabinet member |
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Mary McLeod Bethune |
head of the Division of Negro Affairs of the National Youth Administration |
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John Collier |
commissioner of Indian Affairs |
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New Deal Coalition |
an alignment of diverse groups dedicated to supporting Democrats |
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Congress of Industrial Organizations(CIO) |
union for unskilled and semi skilled workers |
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Federal Deposit and Insurance Corporation |
regulated banks and insured money in banks |
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Securities and Exchanges Commission |
regulated the stock market |
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National Labor Relations Board |
acts as a mediator between unions and employers |
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parity |
price intended to keep farmers income steady |
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Tennessee Valley Authority |
produce cheap electricity and control flooding in the Tennessee Valley |
