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AP US History - The Great Depression Flashcards

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6391212134Explain reasons why stock market boomed during 1920s-Investment in US business -speculation(fast way to make $) -Buy on margin(loan) - only pay 10% for stocks and borrow the rest0
6391212135Explain the reasons why the stock market crashed- over supply and little demand - Margin calls - can't pay back loans - Govt. is laissez fair (leave business alone) - uneven distribution of wealth1
6391212136Year stock market crashed and the nickname given to the day1929; Black Thursday2
6391212137The impact the depression had on industry- productivity went down - employment went down3
6391212138Rate of employment among the general population25% or 1 in 44
6391212139Explain impact Depression had on banksThey close down and run out of $ due to banking panic(people withdrew $ and banks didn't have enough $to pay back)5
6391212140What happened in mid-west during DepressionDust Bowl - causes were drought, overuse of land --People go to CA6
6391212141Impact the Depression had on structure and emotions of familiesDivorce went down Birth rate went down unemployed fathers felt shame7
6391212142How Depression affected working womenDisliked for taking men's jobs8
6391212143How Depression affected African Americans"Last to be hired, first to be fired." --50% unemployed9
6391212144Thoughts of John Maynard KeynesEconomist who believed govt. should put money in business (became known as "Trickle Down Theory")10
6391212145Laissez- FaireGovt. leaves business alone to fix itself11
6391212146Thought of American Communist PartyGovt. should own business12
6391212147American Socialist PartyBelieve people should own business13
6391212148Hoover's popular confident quote and his idea of what people needed to be"prosperity is just around the corner" --Rugged individualism (be an independent tough guy)14
6391212149Hoover's ideas of govt. responsibility.Does not believe in direct aid for American people(aka welfare or dole) Thinks people will take advantage of it15
6391212150Federal Farm Boardhelps stabilize crop pricing-- govt. buys up surplus crops16
6391212151Reconstruction Finance corporationGovt. loans to banks and state and local govts.17
6391212152Hawley-Smoot Tariff and was it successfulRaised tariff so people buy US goods Unsuccessful because it backfires when Europe raises their tariff and stops buying US goods18
6391212153Moratorium PolicyPut suspension on debt repayments so other countries will do same for US19
6391212154Explain what Hoover asked businesses to domaintain employment and wages (not creating a minimum wage, just asking) Not enforced so it doesn't work20
6391212155Events of the Bonus ArmyBonus army= WWI veterans They want a bonus they were promised but they want it early so they march on Washington demanding it but are denied--they don't leave after being denied and are finally violently forced away21
6391212156Hoover's legacy in historyBlamed for Depression --anything negative got his name attached ex. Hoovervilles22
6391212157Identify social values that were portrayed in movies during the Depression-rugged individualism -cooperation(helping each other) -socialism23
6391212158Explain why movies were popular and which types of movies were popular during the depressionThey were popular because they were cheap and were a way to forget your problems type=gangster movies(rugged individualism and cooperation)24
6391212159Explain the plot of the film "Mr. Smith Goes to Washington" and identify social value it portrayedRugged Individualism25
6391212160"Gone With the Wind" social valueCooperation26
6391212161"The Wizard of Oz" Social valueCooperation27
6391212162Candidates and parties in 1932 electionFranklin Roosevelt - Democrat Hoover - Republican28
6391212163What FDR promised America in nomination speechA New Deal29
6391212164FDRs Coalition(Supporters)minorities... - African Americans - Blue Collar(manual labor workers) - Poor Farmers - Jews - Catholics30
6391212165Who won 1932 election and whyRoosevelt - New Deal promise31
6391212166FDRs Inaugural address"The only thing we have to fear is fear itself" (Means fear paralyzes us and stops change from happening) Foolish optimist= Hoover --Says achievement makes people feel good and worthy --Regulation of banks and stock market is needed to prevent another depression32
6391212167Emergency Banking Relief ActClosed all banks (bank holiday) so govt could investigate and reopen safe banks33
6391212168Federal Deposit Insurance Corporationgovt insures people's deposits34
6391212169Farm Credit Administrationlow interest loans for farmers35
6391212170Public Works Administrationgave $ to state and local govts to build projects that provided jobs36
6391212171Tennessee Valley Authorityprovided jobs in electricity by damming up Tennessee valley37
6391212172Civilian Conservation Corpsgave jobs in land projects (conservation)38
6391212173Works Progress AdministrationGave jobs in construction and the arts39
6391212174Civil Works Administrationgave jobs in construction40
6391212175Federal Emergency Relief AdministrationFederal govt gave $ to state and local govt to help the needy (now known as welfare)41
6391212176Resettlement Administrationgovt gives loans to farmers to buy home and it established camps for migrant workers42
6391212177Agricultural Adjustment Act(SECURITIES AND BUSINESS)Securities - help farmers pay off mortgages Business - encourages/pays farmers to reduce production so prices go up and money can be made(ruled unconstitutional)43
6391212178Home Owner's Loan CorporationHelps non-farmers w home loans44
6391212179Federal Housing Administrationprovided loans to home owners for improvement or building new homes45
6391212180Social Securities Actassistance to those who are retired, handicapped, and dependence(child)46
6391212181Securities and Exchange Commissionregulates stock market - looks for fraud/corruption including inside trading47
6391212182National Recovery Administrationset fair wages, hours, and prices --Business that support it get to display "Blue eagle" --Ruled unconstitutional48
6391212183National Labor Relations Act(Wagner Act)protects rights of workers to laborize union --legalizes unions and makes yellow dog contracts illegal49
6391212184Fair Labor Standard Actminimum wage established50
6391212185Why labor unions increased in popularity during depressionthey protect workers51
63912121862 major labor unions1. American Federation of Labor(skilled) 2. Congress of Industrial Organization(unskilled)52
6391212187Why and how FDR wanted to reorganize the Supreme Court and what resultedHe was mad they kept ruling things unconstitutional --plan=wants to be allowed to appoint a new judge for every current judge over 70 Result= no one agrees and he is seen as trying to be a dictator53
6391212188Why businesses opposed the New DealDon't like being regulated54
6391212189Why communists and socialists opposed the New DealBelieve FDR isn't going far enough55
6391212190Charles Coughlin and his ideas"Radio Priest" -advocated for "Social justice"--wants govt to take over banks and equal distribution of wealth --ruined career by saying anti-jew comments56

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