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AP US History Chapter 26 Flashcards

AMSCO United States History 2015 Edition, Chapter 24 The Great Depression and the New Deal, 1929-1939

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6645729107stock market crashA boom stock market of 1928 led to a sell of starting in October 1929. Within three years the stock market would decline to one-ninth of its peak.0
6645729108Black TuesdayOn October 29, 1929 millions of panicky investors sold as the bottom fell out of the stock market.1
6645729109buying on marginIt allowed people to borrow most of the cost of the stock, making down payments as low as 10 percent. Investors depended on the price of the stock increasing so they could repay their loans.2
6645729110overproductionBusiness growth aided by increased productivity and use of credit, had produced a volume of goods that workers with stagnant wages could not continue to purchase.3
6645729111Herbert HooverHe was President of the United States at the time of the stock market crash. He thought that prosperity would soon return. He was slow to call for legislative action and he thought public relief should come from the state and local governments not the federal government.4
6645729112Hawley-Smoot TariffIn June 1930 Hoover signed into law the highest tariff rates in history ranging from 31 to 49 percent. In retaliation European countries enacted their own tariffs. This reduced trade for all nations and worsened the depression.5
6645729113Reconstruction Finance CorporationIn 1932 Congress funded this government-owned corporation as a measure for propping up faltering railroads, banks, life insurance companies, and other financial institutions. Hoover thought that emergency loans would stabilize key business and the benefits would "trickle down" to smaller businesses and ultimately bring recovery.6
6645729114bonus marchThousands of unemployed World War I veterans marched to Washington, D.C. and set up encampments to demand immediately payment of the bonuses promised to them at a later date. The Army, led by General Douglas MacArthur broke up the encampment.7
6645729115Franklin D. RooseveltThis Democratic candidate won the 1932 presidential election. As a candidate, he promised a "new deal" for the American people, the repeal of Prohibition, aid for the unemployed, and cuts in government spending.8
6645729116Eleanor RooseveltShe was the most active first lady in history, writing a newspaper column, giving speeches, and traveling the country. She served as the president's social conscience and influenced him to support minorities.9
6645729117New DealFranklin D. Roosevelt's plan to help people at the bottom of the economic pyramid.10
6645729118relief, recover, reformThe New Deal included the three R's: relief for people out of work, recovery for business and the economy, and reform of American economic institutions.11
6645729119Brain TrustFor advice on economic matters, Roosevelt turned to a group of university professors.12
6645729120Frances PerkinsRoosevelt's secretary of labor, she was the first woman to serve in a president's cabinet.13
6645729121Hundred DaysOn March 4, 1933 Roosevelt started his term and called Congress into a one hundred day session. They passed into law all of Roosevelt's legislation.14
6645729122repeal of ProhibitionIn 1933 the 21st Amendment which repealed the 18th Amendment passed. This ended Prohibition.15
6645729123bank holidayRoosevelt ordered the banks to be closed on March 6, 1933. He made a radio address explaining that the banks would be reopened after allowing enough time for the government to reorganize them on a sound basis.16
6645729124fireside chatsRoosevelt spoke on the radio to the American people.17
6645729125Federal Deposit Insurance CorporationIt guaranteed individual bank deposits.18
6645729126Public Works AdministrationDirected by Secretary of the Interior Harold Ickes, it allotted money to state and local governments for building roads, bridges, dams, and other public works.19
6645729127Civilian Conservation CorpIt employed young men on projects on federal lands and paid their families small monthly sums.20
6645729128Tennessee Valley AuthorityA government corporation that hired thousands of people to build dams, operate electric power plants, control flooding, and erosion, and manufacture fertilizer.21
6645729129National Recovery AdministrationDirected by Hugh Johnson, it was an attempt to guarantee reasonable profits for business and fair wages and hours for labor. Known by its symbol the Blue Eagle. This will be declared unconstitutional.22
6645729130Securities and Exchange CommissionIt was created to regulate the stock market and to place strict limits on the kind of speculative practices that led to the 1929 stock crash.23
6645729131Works Progress AdministrationThis agency created in 1935, part of the Second New Deal, it was much more ambitious than earlier efforts. Artists, writers, actors, and photographers were employed.24
6645729132Harry HopkinsHe headed the Works Progress Administration (WPA) in the 1930s.25
6645729133National Labor Relations (Wagner) ActA 1935 act that guaranteed a worker's right to join a union and a union's right to bargain collectively. It outlawed business practices that were unfair to labor. 40/40 No Child Labor26
6645729134Social Security ActIn 1935 this act created a federal insurance program based upon the automatic collection of taxes from employees and employers throughout people's working careers. It would then be used to make monthly payments to retired people over the age of 65.27
6645729135Father Charles CoughlinA Catholic priest who founded the National Union for Social Justice, which called for issuing inflated currency and nationalizing all banks. His radio program attacks on the New Deal were anti-Semitic and Fascist.28
6645729136Francis TownsendHe proposed a simple plan for guaranteeing a secure income for the elderly. He proposed that a 2 percent federal sales tax be used to create a special fund from which every retired person over the age of 60 would receive $200 a month thus stimulating the economy.29
6645729137Huey LongHe proposed a "Share Our Wealth" program that promised a minimum annual income of $5000 for every American family to be paid for by taxing the wealthy. In 1935 he challenged Roosevelt's leadership of the Democratic party by becoming a candidate for president but was soon assassinated.30
6645729138Supreme CourtIn 1935 they declared two of President Roosevelt's recovery programs unconstitutional. He retaliated by threatening to increase their numbers with his appointments.31
6645729139John L. LewisHe was President of the United Mine Workers Union and Leader of the Congress of Industrial Organizations.32
6645729140sit-down strikeIn 1937 workers at the General Motors plant in Flint, Michigan insisted on the right to join a union by sitting down at the assembly line.33
6645729141dust bowl,A severe drought in the early 1930s and poor farming practices led to the Oklahoma dust bowl. High winds away large amounts of topsoil.34
6645729142John Steinbeck,A novelist that wrote about hardships in his classic study of economic heartbreak in 1939, "The Grapes of Wrath".35
6645729143Marian AndersonAn African American singer who had been refused the use of Constitution Hall, she did perform a special concert at the Lincoln Memorial.36
6645729144Mary McLeod BethuneOne of the African Americans that was appointed to middle-level positions in federal government. She was a leader of efforts for improving education and economic opportunities for women. Served on FDR's Black cabinet37
6645729145Fair Employment Practices CommitteeIt was set up to assist minorities in gaining jobs in defense industries.38
6645729146A. Phillip RandolphHead of Railroad Porters Union who threatened a march on Washington D.C. to demand equal job opportunities for African Americans.39
6645729147Indian Reorganization (Wheeler-Howard) ActIn 1934 Congress repealed the Dawes Act of 1887 and replaced it with this act which returned lands to the control of tribes and supported preservation of Indian cultures.40
6645729148Mexican repatriationDiscrimination in the New Deal programs and competition for jobs forced thousands of Mexican Americans to return to Mexico.41
6645729149Alf LandonKansas Speaker of the House who lost to FDR in 1936.42

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