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Throughout most of the 1920's, Americans were generally confident that what?
Business would continue to bring prosperity
Why were European economies hurt during the Great Depression?
Because US companies stopped investing in Germany
Who often lost their jobs to white laborers during the Great Depression?
What was a sign of an unsound economy during the 1920's?
That more goods were being produced than consumers could buy
Who experienced worsening conditions and discrimination in job and relief programs during the Great Depression?
Who believed that the best strategy for ending the Depression was encouraging voluntary controls in the business sector?
What happened in the Election of 1932?
The candidates disagreed about what role the federal government should play in fixing people's problems
What caused a wave of panic in the stock market that led to a panic of selling?
A sudden fall in stock prices in the fall of 1929
The stock market crash of 1929 affected millions of Americans, many of whom...?
Had never owned stocks
What did many people do when foreclosed farms were auctioned?
Kept bids low and gave the property back to the farmer who owned it
Who was a symbol of hope for labor in the 1920's but became an enemy of labor in the 1930's?
What made the Election of 1932 a turning point?
It signaled a greater role of government in American Society
What did FDR do in his first few months in office?
He pushed legislation through Congress to improve the economy
How did First Lady Eleanor Roosevelt defy tradition?
By actively and aggressively promoting the New Deal
How were FDR's first hundered days in office spent?
Convincing Congress to pass legislation to improvet he economy
What did the massive government spending of the New Deal lead to?
Some short-term economic improvement
What did the use of the assembly line enable Henry Ford to do?
Take advantage of the economies of scale, which reduced costs.
Why did FDR push Congress to pass the Emergency Banking Act?
So the government could inspect banks to assure people that their banks were healthy and would not fail
What were causes of the Great Depression?
Uneven distribution of wealth, over speculation, and mistakes in monetary policy
What was one reason FDR launched the Second New Deal?
In response to criticism that the New Deal was not doing enough for ordinary Americans
What led to the busness boom of the decade?
Consumers buying on installment credit, the growth of industries, and the laissez-faire policies in the 1920's
What caused a national culture to emerge in the 1920's?
People across the country shared interests, tastes, and attitudes due to the rapid development of mass media
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