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75 Cards in this Set
- Front
- Back
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Price support |
Government would buy surplus crop at guaranteed prices an sell then on the world market |
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Dow Jones industrial Ave. |
Widley used barometer to check the stock markets health showing 30 representative large firms trading in the ny stock exchange |
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Speculation |
Buy stocks and bonds on the chance of a quick profit, while ignoring the risks |
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Buying on margin |
Paying a small percentage of a stocks price as a down payment and borrowing the rest |
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Budget |
A budget is a financial plan for a defined period of a year |
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Black tuesday |
Dumped 16.4 million shares seen everyone kept trying to sale then, people couldn't find buyers, and people who bought with credit are in debt, and other lost most of their savings. |
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Bull market |
a market in which share prices are rising, encouraging buying. |
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Bear market |
a market in which share prices are lowering, discouraging buying. |
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Hawley-smoot tariff |
Highest protective tariff in US history |
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Shanytown |
Little towns consisting of shacks |
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Dust bowl |
Tons of dust picked up off farms and destroying many peoples lives |
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Uneven distribution |
Rich got richer and poor got poorer |
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Credit |
An arrangement in which consumers agreed to buy now pay later |
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Great depression |
Period from 1929-1940 where economy plummeted and unemployment skyrocketed. |
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Bank and buisness failures |
People rushed to banks and tried to all withdraw so all the banks failed. Output of goods where cut in half. |
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Depression causes |
- tarrif and war debt polices that cut down the foreign market for the American goods - a crisis in the farm sector - the availability of easy credit - an unequal distribution of income |
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Soup kitchen bread lines |
People waiting in line to receive food from charities or public agencies |
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Direct relief |
Cash payments or food provided by the government to the poor |
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Wild boys |
Teenagers leaving life of poverty on to freight trains to look for work |
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Hoover reassurance |
Said Americans need to be optimistic and go about buisness as usual |
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Boulder Dam |
A dam that was 726ft high providing electricity and flood control and water supply for agriculture |
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1930 congressional election |
Harder for Hoover to get votes across since they voted for Democrats |
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Federal home loan bank act |
Lowered mortgage rates for homeowners and allowed farmers to refinance their farm loans and avoid foreclosure |
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Reconstruction Finace corporation |
Authorized up to 2$ billion for emergency financing for banks, life insurance companies, railroads, and other large businesses |
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Bonus army |
WW1 vets wanting their bonus for serving but Hoover overreacts and killed some of them |
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CWA |
Helped raised the hopes of the American people and sparked great enthusiasm for FDR |
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Amendment 20 |
Moved presidential inauguration to January |
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New Deal |
Program designed to alleviate the problems of the great depression |
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100 days |
Congress passed more than 15 major pieces of new deal legislation |
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Fireside chats |
FDR radio talks about issues of public concern explaining clearly the New Deal |
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Glass Steagal Act |
Created the FDIC providing federal insurance for bank accounts of up to 5,000 reassuring customers their money was safe. |
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Federal Securities act |
Required corporations to provide complete information on all stock offerings and made them liable for any misrepresentations |
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Securities and exchange commission (SEC) |
Created to regulate the stock market. Prevent use of inside information |
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Agricultural adjustment act (AAA) |
Raised crop prices and lowered production |
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Civilian Conservation Corps (CCC) |
Put young men aged 18-25 to work building roads, developing parks, planting trees, and helping soil-eroision and flood control projects. Allowing them to making money for their families |
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National Industrial Recovery Act (NIRA) |
Created by the PWA provided money to states to create jobs to construct schools and other community buildings, but didn't make a dent in unemployment |
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Civil works Administration |
When the NIRA sucked it provided 4 million jobs to build same stuff |
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NRA |
Creatied by NIRA setting prices of many products and esablished standards. But didn't make the cut |
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Home owners loan corporations (HOLC) |
Provided government loans to homeowners which faced forclosures because they couldn't meet loan requirements |
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Federal Housing Administration |
Agency that furnishs loans for home mortages and repairs today |
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Federal emergency relief administration |
Funded with 500million to provide direct relief to needy |
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Deficit spending |
Spending more money than the government relieves in revenue |
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Liberal (left) |
Argued that the new deal didn't go far enough |
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Conservatives (right) |
Believed that FDR did to much |
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Court reform deal |
FDR wanted there to be 6 new justices |
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Amercan liberty league |
Believed the new deal violated respect for the rights of individuals and property |
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Charles Coughlin |
Radio talker opposing New Deal |
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Dr. Francis Townsend |
Physician who believed that rosevelt wasn't doing enough |
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Huey Long |
Wanting more of a communist society |
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Dorthea Lange |
Photographer who photographed American Life during the great depression |
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2nd 200 days |
Wanted to build on the programs of the first 100 days |
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Eleanor rosevelt |
FDRs wife who helped persuade FDR on her humatsiran beliefs |
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Soil Conservation and domestic allotment act |
Paid farmers for cutting production of soil depleting crops and rewarded farmers for practicejng good soil Conservation methods |
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Works progress Administration |
Set up as many jobs as possible asap |
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National youth administration |
Provided education, jobs, conseling, and recreation for young people |
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Wagner act |
Reestablished the NIRA provision for collective bargaining allowing for unions to be formed and engage in collective bargaining |
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Fair labor standards act |
Set max hours at 40hrs per week min. wage of 40¢ an hour |
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Social security act |
Insurance for retirees of 65yrs and spouse. Unemployment compensation. Aid to family's with dependent children and disabled |
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Rural Electrification Administration |
Financed and worked with electrical cooperatives to bring electricty to rural areas. |
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Pedro J. González |
Used radio to condem discrimination against Mexicans |
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Frances Perkins |
First female cabinet memebrt creating the SSS and supervised labor legislation |
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Mary McLeod Bethune |
Educator who was dedicated to promote opportunities for young African americans |
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Division of negro affairs of the national youth Administration |
Created by Bethune insure hiring of blacks |
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John Collier |
Commissioner of Indian affairs helping reorganize their reservations |
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New deal coalition |
Alignment of diverse groups dedicated to supporting the Democratic party. |
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Congress of industrial organization |
Name change of the union groups |
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Gone with the wind and etc. |
Film like many others created to escape the hardships |
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Orson Welles |
Actor, director, producer, and writer who was very popular |
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Grant Wood |
Showed art of lives during the depression |
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Richard Wright |
African American author who wrote about discrimination in America |
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John steinbeck through grapes of wrath |
Showed the tough life of Okies during the dust bowl |
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FDIC and SEC |
Regulate bank investment activities |
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National Labor Relations board |
Created under Wagner act, acts as a mediator in-between laborers and employers |
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Parity price |
Price intended to keep farmers income steady |
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Tennessee Valley Authority |
Harnessed water power to generate electricty and to help prevent disastaurous floods in Tennessee Valley |
