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The Great Depression/ FDR
Terms in this set (28)
President from 1929 to 1933, called on businesses to help solve the situation rather than the government. Americans felt he did little to help them.
risky buying and selling of stocks in the hope of making a quick profit
a certificate documenting the shareholder's ownership in the corporation
October 29, 1929; the day the stock market crashed
Shantytowns on the outskirts of cities in which unemployed people of the Depression lived. The nomenclature comes from the blame many Americans placed on Hoover for the Great depression.
region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages.
migrants from Oklahoma to California during the dust bowl
Group of WWI vets. that marched to D.C. in 1932 to demand the immediate payment of their goverment war bonuses in cash
Franklin D. Roosevelt
often referred to by his initials FDR, was the thirty-second President of the United States. Elected to four terms in office, he served from 1933 to 1945, and is the only U.S. president to have served more than two terms of office. He was a central figure of the 20th century during a time of worldwide economic crisis and world war.
The name of President Roosevelt's program for getting the United States out of the depression
Radio speeches giving Americans hope during the depression; given by FDR
negotiation between an employer and trade union
attempt by FDR to increase the size of the Supreme Court so judges favorable to his policies would be appointed
A system in which the government takes responsibility for its citizen's social and economic needs.
The Grapes of Wrath
The story follows the fortunes of a poor family as they travel from the Dust Bowl region to California. based on the great depression written by John Steinbeck
government agencies created by the New Deal to help America recover from the Great Depression
first 100 days
Period from FDR's inauguration in March 1933 through the following June. During this time, Roosevelt pushed program after program through Congress in an effort to provide economic relief and recovery.
relief, recovery, reform from Great Depression, goals of the New Deal
A condition in which production of goods exceeds the demand for them. One of the causes of the great depression
Buying on Credit/Installment Buying
Purchasing a commodity over a period of time. The buyer gains the use of the commodity immediately and then pays for it in periodic payments called installments.
Causes of the Great Depression
- Factories and farms produce more goods than people can buy.
- Banks make loans that borrowers cannot pay back.
- After the stock market crash, many businesses cannot find people who will invest in their growth.
The "tricle down" Theory
If the rich become richer then the money will "trickle down" to the middle and poor classes making them more wealthy. Hoover hoped this would help the economic crash.
Group of expert policy advisers who worked with FDR in the 1930s to end the great depression
Frances Perkins, Secretary of Labor
the U.S. Secretary of Labor from 1933 to 1945, and the first woman appointed to the U.S. Cabinet. As a loyal supporter of her friend, Franklin D. Roosevelt, she helped pull the labor movement into the New Deal coalition. She and Interior Secretary Harold Ickes were the only original members of the Roosevelt cabinet to remain in office for his entire presidency.
(against child labor?)
First lady to FDR, involved in humanitarian and diplomatic efforts around the world. Represented US in UN.
Emergency Banking Relief Act of 1933
March 6, 1933 - FDR ordered a bank holiday. Many banks were failing because they had too little capital, made too many planning errors, and had poor management. The Emergency Banking Relief Act provided for government inspection, which restored public confidence in the banks.
Agricultural Adjustment Act (AAA)
Gave farmers money to reduce crop size to reduce production and bring up the value of crops
FDIC (Federal Deposit Insurance Corporation)
an agency developed by the federal government to regulate banking and and investment activivties
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