Terms in this set (72)
26th President of the USA
Organized the 1st volunteer calvary after William Mckinley was assassinated
Up and down pattern of hiring and firing workers
Economic event of down called recession made consumers by less
The after people buy surplus of goods and make companies hire more and meet needs
When companies produce more than they sell
Make so much that the prices drop and they make less money
Buis. loose a lot of money
Buying on Margin
Can be very risky
Allowed people to invest in businesses with credit
Many easily got rich by buying cheap and selling rich
Encouraged many people to invest
Tuesday, October 29th
Day the stock market crashed
Many people wanted to sell their stocks, few people wanted to buy
Social Security Act
Passed in 1935; provided financial security for the elderly , the disabled, children and the unemployed
To pay for the programs, the law placed a new tax on workers and employers.
The passage of the social security act market the first time the federal government took direct responsibility
A term dating from as early as 1907
Originally denoting a resident or native of Oklahoma
Similar to Texan or Tex, referring to someone from Texas
First known as the Federal Council of Negro Affairs
An informal group of African Americans public policy advisors to U.S President FDR
Supported by the first lady, Elanor Roosevelt
Longest serving first lady in the U.S
Holding the post from 1933-1945 during her husband, FDRS 4 terms of presidency
Born into a wealthy NY family
may 26 1895- Oct 11 1965
Influential American documentary photographer and photo journalist
Best known for her depression era work
July 14 1912- Oct 3rd 1967
American Singer/song writer and folk musician
His musical legacy includes hundreds of political, traditional and childrens songs
Many of his songs are about the dust bowl era
Widely known for the Pulizer prize winning novel
Author of 27 boooks
Created to diminish the causes of labor disputed burdening or obstructing interstate or foreign commerce to create national labor relations board act for other purposes
Signed into law by FDR on July 5th 1935
The good fortune, health, happiness, prosperity.
Financial assistance to an individual or family from a city
government spending in excess of revenue
Of funds raised by borrowing rather than from taxation
When a governments expenditures exceed its revenues
An Era in US that suffered from severe drought during the 1930's
Massive dust storms swept the region of the great plains
"these storms were like black rolling smoke"
a group of WW1 veterans that demanded their bonus payments early
Theory not proven true
Economy works best with very few regulations
Similar to radical
New Deal Critics
Many Americans approved of the new deal while other criticized president roosevelt.
Critics separated the new deal into 2 groups those who believed the new deal went to far
Many other Americans who were involved proposed new ideas
Communism- believing in sharing resources equally amongst all human beings. Socialism is when the government owns and operates a countries means of production
During the great depression man critics of the new deal believed that the government was using socialism and others who owned businesses felt there business would be controlled
The financial obligation of a national government resulting from deficit spending
Amount of money one country owes
not in accordance with a political constitution, especially the U.S constitution or with procedural rules
Law of Supply and demand
state price depends on how much of a good you have
The more of a product that you have the more the price goes down
The product becomes less valuable when there is more of it
The 3 R's
Relief- immediate action taken to hault the economic destruction
Recovery-Temporary program to restart jobs
Reform- making changes to the laws
(DOUBLE CHECK THIS IN TEXT BOOK)
31st president of the U.S
PResident during the stock market crash that lead to the great depression
Construction projects such as highways or dams, financed by the public funds and constructed by a government for the benefit or use of the general public
Public engineering projects that are paid by the government and used by the common public
The New Deal "alphabet soup"
FDR's legislative plan to end the great depression that included dramatic reforms of government agencies
Roosevelt anad congress worked together to create the new program to battle the depression and aid economic recovery
These programs became known as the new deal
Emergency banking relief act
Act of the congress spearheaded by president FDR during the great depression
Passed n march 9th 1933
Act follows only federal reserved approved banks to operate in the u.s
The period from march 20th to june 28 1815
Between the arrival of Nepolian in Paris after his escape from Eliba
And his abduction after the battle of Waterloo
Roosevelt and Congress worked together to create new programs to battle the depression and aid economic recovery.
The programs became known as the new deal
The action began when roosevelt called congress to a special session.
what is the CCC
, Civilian Conservation Corps- Provided jobs for young men to plant trees and build bridges
what is FERA
federal emergency relief administration gave federal Money to state and local agency to give to the unemployed
What is WPA
works progress administration, worked to create jobs as quickly as possible, constructing aiports, roads, and public buildings
what is the NIRA
National Industrial recovery act tried to end, price cutting and worker layoffs
What is NRA
National recovery administration
Agricultural adjustment act~ paid farmers NOT to grow certain crops and to get rid of crops and livestock
Federal deposit insurance Corp, a federally sponsored corporation that insures accounts in national banks and other qualified institutions if the bank failed the govt would pay back
why did the drop in stock prices in october 1929 ultimately lead the stock market to crash?
investors who feared that they would fail to pay off loans panicked, selling off all their stocks.
buying on margin means buying stocks
with borrowed money, which must be repaid with interest
the up and down pattern of the economy is known as the
the banking system collapsed as an effect of the stock market crash because banks
ran out of cash to pay all the investors who needed ready money after the crash
how did the stock market crash cause a business crisis?
businesses lost their savings in failed banks and had to close or cut back
the bonus army consisted of
veterans of world war 1 and their families who went to washington D.C. to demand bonuses be paid early
who did president hoover believe should lead the relief effort during the great depression?
private individuals and institutions
what was the outcome of the election of 1932?
roosevelt won by a land slide and democrats won strong majorities in both houses of congress
americans regained faith in the banks after president roosevelt signed the emergency banking relief act into law because the act
allowed only healthy banks to remain open, so people believed that banks that passed the acts requirements really were sound.
the tennessee valley authority was a government project to
build dams and generators, bringing electricity and jobs to poor communities in the tennessee river valley
as an historical figure, what was Frances perkins significance?
she was the nations first female cabinet member
new deal critic huey long proposed
taxing rich americans to aid the poor
of the following, who publicly criticized the new deal for not going far enough?
father Charles edward coughlin of Detroit
wich new deal program marked the first time the federal government took direct responsibility for its citizens economic well being?
the social security act
the national labor relations act of 1933
allowed workers to join labor unions and take part in collective bargaining, and established the national labor relations board to oversee union activities
whom did the government tax in order to pay for the social security act?
workers and employers
how did the AFL and the congress of industrial organization(CIO) differ?
the CIO was organized by industry
what problems did president roosevelt have with the supreme court?
the court issued a bill declaring many new deal programs unconstitutional
what created the dust bowl?
a severe drought that hit the great plains and lasted almost ten years.
many mexican workers, and their american born children, were deported during the great depression to
protect american jobs
the roosevelt white house demonstrated its support for equal rights by
appointing mary mcleod bethune and other african americans
WPA writers contributed to depression-era culture by
conducting interviews with americans from diffrent backgrounds and keeping a permanent record
what was the major theme present in both woody guthries songs and john steinbecks novel "the grapes of wrath"
loss and struggle
on wich point about the new deal would people today agree?
it greatly expanded the role of the american government
wich of the following government protecions is an effect of the new deal?
the savings of bank costumers
why did americans turn to the federal government for aid after the first year or so of the depression?
private charities could not meet the huge demand for relief.
what helped franklin roosevelt beat herbert hoover in the 1932 election?
as governor of new york Roosevelt had taken active steps to provide aid for citizens
in 1932 Herbert hoover warned americans that the democrats promises of government aid would lead to the
weakening of americans spirit of self-reliance
wich program of the second new deal did eleanor roosevelt convince persident roosevelt to create?
national youth administration(NYA)
roosevelts judicial procedures reform act attempted to
allow the president to appoint a new supreme court justice for every justice 70 years old or older
the dust bowl stretched from
north dakota to texas
what was one way in which families coped with the great depression?
they split up while individual members roamed the country in search of work
which of the following art forms did WPA artists popularize in america?
cowboy ballads, folk songs, and spirituals
the most popular art forms of the depression era
offered an escape from reality.
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