1920s
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16 terms
Terms | Definitions |
|---|---|
 causes of D | Easy availability of credit, overproduction, and unequal distribution of wealth and Black Tuesday over speculation |
| buying on margin | buying stock by paying only a portion of the full cost up-front with promises to pay the rest later |
| over speculation | PEOPLE BOUGHT STOCKS WITH BORROWED MONEY = artificial inflation |
| stock market crash | Occurred because people were buying stocks on margin. Many Americans lost money and stocks became worthless. |
| problems of the farmers | already in a depression, no control over the total market, dependent on weather, homogeneous products |
| life during D | foreclosures, births declined, emigration, Families moved in together and there was an increase in divorce, few kids stayed in school |
| dust bowl | the area of the great plains where wind erosion caused soil loss during the 1930s |
| hoovers ideas about D | gov. can only do so much, recovery is up to individuals |
| roosevelts ideas about D | gov. HAS to pay a role in the recovery and change the economy, so D will never happen again |
| huey long | Louisianna Senator who opposed FDR's New Deal and came up with a , "Share the Wealth" wants to give $5k to all families ,was later assasinated |
| FDR inaugural speech | "the only thing we have to fear is fear itself" how he was gon' change america |
| new deal | the legislative and administrative program of President F. D. Roosevelt designed to promote economic recovery and social reform during the 1930s; also : the period of this program |
| brain trust | Group of expert policy advisers who worked with FDR in the 1930s to end the great depression |
| relief recovery reform | These were the categories into which the New Deal was split. Relief defined by the acts implemented in the area of aid to the unemployment. Recovery put forth measures that would help aid in the speedy recovery of areas hit hardest by the depression. Reform tried to recreate areas that seemed faulty |
| FDR plan for bank | closed them for 3 days, put $$ in, made sure they worked properly, reopened them |
| SEC | Securities and Exchange Commision required companies to publish improtant facts about thier business. It also regulated the activities of stockbrokers and others in the investment business |
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