Terms in this set (12)
GREAT DEPRESSION TERMS
a person, especially an orator or political leader, who gains power and popularity by arousing the emotions, passions, and prejudices of the people.
In 1932 WWI, veterans demanded that Congress pay their promised bonuses immediately because of the Impact of the Depression. President Hoover used the US Army to dismantle their "hoovervilles" setup around DC.
Shanty towns facetiously named after Herbert Hoover.
no government regulation of business or the economy.
Putting a small percent down on the purchase of stack and borrowing the rest.
FDR's (means: President Franklin Delano Roosevelt) relief, recovery and reform program to combat the Great Depression.
Priming the Pump
Use of public (government) spending to stimulate private industry (Economic Foundation of the New Deal)
Investing in stocks with the hope of a fast and profitable return.
President who 1- created the New Deal, 2- credited for getting the United States out of the Depression, believed that the government's job was to help the people.
President who has received the blame for the depression, due to his ineffective response to the depression, believed that it was not the government's job was to help the people.
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