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Ch 24: The Great Depression and the New Deal Flashcards

1929-1940, Out of Many: A History of the American People, 6th edition, APUSH

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1214596393Great Depressionthe economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s
1214596394stock marketan exchange where security trading is conducted by professional stockbrokers
1214596395Wall Streetused to allude to the securities industry of the United States
1214596396Black Tuesday (October 29, 1929)stock market crashed, led to panic of 1929
1214596397Dow Jones indexIndex of 30 largest and most widely held public companies in the United States.
1214596398income distributionthe way all the income earned in a country is divided among different groups of income earners
1214596399buying on marginPurching stock with a little money down with the promise of paying the balance at sometime in the future
1214596400Gross National Producttotal value of all goods and services produced in a nation
1214596401Herbert HooverRepublican candidate who assumed the presidency in March 1929 promising the American people prosperity and attempted to first deal with the Depression by trying to restore public faith in the community.
1214596402Hawley-Smoot Tariff (1930)Congressional compromise serving special interest, it raised duties on agricultural and manufactured imports. It may have contributed to the spread of the international depression.
1214596403debt moratoriumsuspension on the payment of international debts passed by Hoover
1214596404Farm BoardCreated in 1929 before the crash but supported and enacted to meet the economic crisis and help farmers. Authorized to help farmers stabilize prices by temporarily holding surplus grain and cotton in storage.
1214596405Reconstruction Finance CorporationCongress set up $2 billion. It made loans to major economic institutions such as banks, insurance companies and railroads.
1214596406bonus march (1932)1000 unemployed WWI veternas marched to DC to demand immediate payment of the bonuses promised them at a later date. Hoover eventually ordered army to break up the encampment
1214596407Franklin D. Rooseveltoften 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.
1214596408Eleanor Rooseveltwife of Franklin Roosevelt and a strong advocate of human rights (1884-1962)
1214596409Twentieth Amendment ("lame duck")shortened the time between the election and inauguration day, also called the "Lame Duck Amendment," it changed the inauguration date from March 4 to January 20 for president and vice president, and to January 3 for senators and representatives. It also said Congress must assemble at least once a year.
1214596410First New DealEstablished to serve the "three Rs" Relief for the people out of work, Recovery for business and the economy as a whole, and Reform of American economic institutions
1214596411relief, recovery, reformthe three goals of FDR's First New Deal.
1214596412Brain TrustGroup of expert policy advisers who worked with FDR in the 1930s to end the great depression
1214596413Frances PerkinsU.S. Secretary of Labor from 1933 to 1945, and the first woman ever appointed to the cabinet.
1214596414Hundred Daysthe special session of Congress that Roosevelt called to launch his New Deal programs. The special session lasted about three months: 100 days.
1214596415bank holidayclosing of banks for four days during the Great Depression
1214596416repeal of ProhibitionFDR kept his campaign promise and repealed the prohibtion of alcohol with the twenty-first amendment which nullified amendment 18
1214596417fireside chatsinformal talks given by FDR over the radio; sat by White House fireplace; gained the confidence of the people
1214596418Federal Deposit Insurance Corporationa federally sponsored corporation that insures accounts in national banks and other qualified institutions
1214596419Public Works Administration(FDR) , 1935 Created for both industrial recovery and for unemployment relief. Headed by the Secretary of Interior Harold L. Ickes, it aimed at long-range recovery and spent $4 billion on thousands of projects that included public buildings, highways, and parkways.
1214596420Harold IckesSecretary of the interior who headed the Public Works Administration, which aimed at long-range recovery by spending over $4 billion on some 34,000 projects that included public buildings, highways, and parkways
1214596421Civilian Conservation CorpsNew Deal program that hired unemployed men to work on natural conservation projects
1214596422Tennessee Valley AuthorityA relief, recovery, and reform effort that gave 2.5 million poor citizens jobs and land. It brought cheap electric power, low-cost housing, cheap nitrates, and the restoration of eroded soil.
1214596423National Recovery AdministrationGovernment agency that was part of the New Deal and dealt with the industrial sector of the economy. It allowed industries to create fair competition which were intended to reduce destructive competition and to help workers by setting minimum wages and maximum weekly hours.
1214596424Schechter v. U.S.Supreme Court case which declared the NRA (National Recovery Administration) unconstitutional
1214596425Securities and Exchange CommissionUS government agency which oversees the operations of the stock markets which trade stocks, bonds, and other types of securities.
1214596426Federal Housing AdministrationA federal agency established in 1943 to increase home ownership by providing an insurance program to safeguard the lender against the risk of nonpayment.
1214596427Second New DealA new set of programs and reforms launched by FDR in 1935
1214596428Works Progress AdministrationNew Deal agency that helped create jobs for those that needed them. It created around 9 million jobs working on bridges, roads, and buildings.
1214596429Harry HopkinsA New York social worker who headed the Federal Emergency Relief Administration and Civil Works Administration. He helped grant over 3 billion dollars to the states wages for work projects, and granted thousands of jobs for jobless Americans.
1214596430National Labor (Wagner) Act (1935)Replaced NIRA. Guaranteed a worker's right to join a union and a union's right to bargain collectively. Outlawed business practices that were unfair to labor
1214596431Social Security Act (1935)The greatest victory for New Dealers; created pension and insurance for the old-aged, the blind, the physically handicapped, delinquent children, and other dependents by taxing employees and employers
1214596432Father Charles Coughlina critic of the New Deal; created the National Union for Social Justice; wanted a monetary inflation and the nationalization of the banking system
1214596433Francis TownsendAmerican physician and social reformer whose plan for a government-sponsored old-age pension was a precursor of the Social Security Act of 1935.
1214596434Huey LongAs senator in 1932 of Washington preached his "Share Our Wealth" programs. It was a 100% tax on all annual incomes over $1 million and appropriation of all fortunes in excess of $5 million. With this money Long proposed to give every American family a comfortable income, etc
1214596435Supreme Court Reorganization planRoosevelt tried to put an extra justice on the Supreme Court for every justice over 70 years old who wouldn't retire. These justices would be supporters of Roosevelt and there would be a maximum of 15 judges. The plan failed. Congress would not accept.
1214596436Congress of Industrial OrganizationsUnion organization of unskilled workers; broke away from the American Federation of Labor in 1935 and rejoined it in 1955
1214596437John L. Lewislong-time labor leader who organized and led the first important unskilled workers labor union, called in to represent union during sit-down strike
1214596438sit-down strikeWork stoppage in which workers shut down all machines and refuse to leave a factory until their demands are met.
1214596439Fair Labor Standards Act (1938)created a minimum wage of 40 cents per hour; set up a maximum of 44 hours per week in a number of industries; banned children under the age of 16 from working in some industries
1214596440new Democratic coalitionthe alignment of interest groups and voting blocs that supported the New Deal and voted for Democratic presidential candidates from 1932 until approximately 1968, which made the Democratic Party the majority party during that period
1214596441John Maynard KeynesBritish economist who argued that for a nation to recovery fully from a depression, the govt had to spend money to encourage investment and consumption
1214596442depression mentalitymillions of people developed an attitude of insecurity and economic concern that would always remain, even in times of prosperity.
1214596443droughta long period without rain
1214596444dust bowlRegion of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages.
1214596445Okiesthe farmers, who in the Great Depression, were forced to move, many moved to Oklahoma
1214596446John SteinbeckAmerican novelist who wrote "The Grapes of Wrath". (1939) A story of Dustbowl victims who travel to California to look for a better life.
1214596447The Grapes of WrathThe 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
1214596448Marian AndersonOne of the greatest concert singers of her time. First African-American to perform at the Whitehouse. The DAR refused her use of Constitution Hall for a concert, so Eleanor Roosevelt set her up to perform at the Lincoln Memorial.
1214596449Mary McLeod Bethunea member of the Black Cabinet and was appointed director of the Division of Negro Affairs in the NYA
1214596450Fair Employment Practices CommitteeEnacted by executive order 8802 on June 25, 1941 to prohibit discrimination in the armed forces.
1214596451A. Philip RandolphBlack leader, who threatens a march to end discrimination in the work place; Roosevelt gives in with companies that get federal grants.
1214596452Indian Reorganization (Wheeler-Howard) Act (1934)returned lands to the control of tribes and supported the preservation of Native American cultures

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