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27 Cards in this Set
- Front
- Back
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What are 5 variables that led to the Great Depression?
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Easy Credit, Overproduction of Goods by Factories, Farmers Grew too Much Food, Stock Market Crash, and Banks Failed
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Why did the Stock Market crash?
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People weren't paying for there stocks with real money, but with credit
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How long did Hoover's policies last for?
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1929-1933
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Who did Hoover think should provide relief during the Great Depression?
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State and Local Gov.t'
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What tariff did Hoover put into action that became the highest tariff ever?
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The Hawley Smoot Tariff
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What were FDRs three Rs?
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Reform, Recover, and Relief
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What did Relief do?
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Provided relief for the hungry and jobless
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What did Reform do?
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Changed the way the economy worked
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What did Recovery do?
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Helped agriculture and industry recover
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What did the CCC stand for?
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Civilian Conservation Corps.
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What did the CCC do?
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Hired yound men to plant trees, build dams, and worked on conservation projects
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What did the FERA stand for?
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Federal Emergency Relief Admin.
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What did FERA do?
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Provided federal money for relief projects to roughly 13 million unemployed
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What did AAA stand for?
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Agricultural Adjustment Admin.
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What did AAA do?
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Regulated farm production and promoted soil conservation
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What did NRA stand for?
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Nationaly Recovery Admin.
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What did NRA do?
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Regulated industry and raised wages, and prices
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What program was unconstitutional?
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NRA
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What did TVA stand for?
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Tennessee Valley Authority
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What did the TVA do?
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Planned development of the Tennessee Valley Region due to frequent flooding
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What did EDIC stand for?
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Federal Deposit Insurance Corp.
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What did EDIC do?
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Protected the money deposited in insured banks
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What did SEC stand for?
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Securities and Exchange Commision
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What did SEC do?
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Agency that watched the stock market and made sure companies followed fair practices
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What did WPA stand for?
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Works Progress Admin.
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What did Social Security do?
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Provided workers with unemployment insurance and retirement benifits
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What did WPA do?
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Established large-scale national works programs to create jobs, including artists and musicans
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