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Chapter 23- The Great Depression and The New Deal Flashcards

America, History of Our Nation

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543806405Problems with the U.S. economy started in the...Late 1920's.
543806406Industries were declining ,but stock prices were still...High.
543806407Risky investments were made by...Investors/brokers.
543806408When stock prices started to fall, margin buyers...Forced to sell & pay off loans.
543806409Margin buyersPeople who payed a fraction of the purchase price.
543806410The day the stock market crashedOctober 29, 1929.
54380641110/29 known as...Black Tuesday.
543806412The Great Depression lasted...12 years.
543806413Depression was triggered by...The stock market, overproduction, and banking crisis.
543806414A problem that caused the Depression, it was when factories produced more goods than people could afford or buy.Overproduction.
543806415Banks closed because...Farmers could not repay their loans, and from loses in the stock market.
543806416people had less money because...people were losing jobs & company's went bankrupt
543806417From 1929 to 1933 employment went from...3% to 25%.
543806418Number of people without jobs13 million.
543806419People lacked...Food, shelter, and clothing.
543806420The Great Depression was a time of widespread...Poverty.
543806421FDR took office in...1933.
543806422Goals of FDR's New Deal...Relief for the jobless, promoting economic recovery, and reforming the economic system.
543806423Emergency Banking Relief ActProvided more careful government regulation of banks.
543806424Federal Emergency Relief Administration(FERA) Granted funds to states so they could reopen shuttered relief agencies.
543806425Civilian Conservation Corps(CCC) Employed jobless adults.
543806426Works Progress Administration(WPA) Put people to work building or repairing public buildings.
543806427National Recovery Administration(NRA) Aimed to keep prices stable while boosting employment.
543806428Public Works Administration(PWA) Built large public works projects.
543806429Tennessee Valley Authority(TVA) Built dams along the Tennessee River.
543806430Truth-in-Securities ActRequired corp. to inform public about stocks.
543806431Federal Deposit Insurance Corporation(FDIC) Protected bank depositors.
543806432Federal Power Commission(FPC) Helped control the oil and gas industries.
543806433Women who worked as secretaries and salesclerks often kept their jobs ,but...Domestic & factory workers didn't.
543806434African Americans suffered more...Unemployment, homelessness, illness, and hunger than whites.
543806435Mexicans & Mexican Americans were...Forced out of work & deported.
543806436Native Americans were among the...Poorest.
543806437The Dust Bowl was located...Southwestern plains.
543806438The dust storms began in...1930.
543806439The dust bowl lasted...5 years.
543806440The dust bowled turned 100 million acres of farmland into wasteland forcing many farm families to go to...California.
543806441The movies helped people...Forget what was going on.
543806442Radio was...A vital part of everyday life.
543806443Labor reforms provided ...Minimum wage and workers the right to join unions.
543806444Federal money to states provided...Temporary payment funds to the unemployed.
543806445People lived in makeshift areas called...Hoovervilles.
543806446Schools lacked...Funding.
543806447Banks in the Great Depression...Failed.

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