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The Great Depression & New Deal

Terms in this set (19)

credit prosperity, maldistribution of wealth, decline of older industries
economic weaknesses
lends about $69 million a day to stock brokers
standard oil
try and stimulate housing market
federal reserve
11 brokers or investors commit public suicide
Black Thursday
group of people get their money & pour into the stock market
blue chip investment coalition
single largest dip in the stock market
Black Tuesday
speculators default to brokers/brokers go bankrupt
margin call
fails in 1930s
Bank of the United States
"the depression is over"
1930
willingness to experiment, progressive, but not a radical liberal
hoover
steps in and says people are starving and he's willing to try anything
roosevelt
pioneers use of political mass communication, use radio to communicate
fireside chats
first thing Roosevelt wants to do
banking reform
banking crisis is almost eliminated overnight by
fireside chats
beginning of modern American politics
response to great depression
first chairman of SEC
Joseph P Kennedy
stock market needs to be regulate
SEC
stimulate economy by government spending; deficit spending
Keynesian Economic Theory
Roosevelt unified democratic party
New Deal coalition
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