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Chapter 24 The Great Depression & New Deal

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122553674Black TuesdayOctober 29, 1929; the day the stock market crashed
122553675Andrew MellonSecretary of Treasury under Hoover; downplayed impact of financial troubles and described the benefits of the slump
122553676Stock Market Crashleading cause of the Great Depression; caused by great disparity between rich and poor; October 29, 1929
122553677Great Depressionsevere economic worldwide depression in the pre-WWII years; caused by stock market crash, agricultural recession, failing railroad and coal industries, major inflation, oligopolies, and stock speculation; led to closing of over 3000 banks, deterioration of public health, over 40 million job losses, and extreme agriculture failure
122553678Herbert Hoover31st president of the Unite States (1928-1932); believed in laissez-faire and rugged individualism; became president on cusp of Great Depression and did very little to help alleviate it
122553679Reconstruction Finance Corporationagency established by Hoover in 1932 that was designed to make government credit available to ailing banks, railroads, insurance companies, and other businesses, hoping to stimulate economic activity
122553680Election of 1932election between FDR (Democrat) and Hoover (Republican); FDR received 472 electoral votes, Hoover received 59; this election pushed Hoover "from the White House to the outhouse"
122553681Bonus Armyarmy of WWI veterans who were promised $1000 bonus in 1924 legislation; gathered in Washington in 1932 to demand immediate payment in cash
122553682Douglas MacArthurChief of Staff general who led U.S. troops to evict veterans of Bonus Army from Washington
122553683FDR32nd president of the United States (elected 4 times); became president during Great Depression and helped to bring country out with New Deal (Relief, Recovery, Reform); grew up in Hyde Park, NY; attended Harvard and Columbia Law; state senator of NY; Wilson's Secretary of Navy in 1913; contracted polio in 1921; governor of NY in 1928
122553684Eleanor RooseveltFirst Lady to use her prominence to fight for liberal causes; strong supporter of women's rights and equality, anti-lynching legislation, compulsory health insurance, and child labor reform; helped to secure jobs for thousands of women through FERA; worked alongside Molly Dewson to get women more involved in political campaigns; author it "It's Up to the Women"
122570464Temporary Emergency Relief Administrationagency set up when FDR was governor of New York to assist people during depression
122570465Brain TrustFDR's key advisers who followed him to Washington; they shared a faith in the power of experts to set the economy right and a basic belief in government-business cooperation; included Columbia law professor Raymond Moley, economists Rexford Tugwell and Adolf Berle, and attorneys Samuel Rosenman, Basil O'Connor and Felix Frankfurter
122570466Fireside Chatradio broadcasts of FDR's special sessions with Congress
122570467Emergency Banking Actlaw passed by FDR that gave the president broad discretionary powers over all banking transactions & foreign exchange; enlarged federal authority over private banks and gave government loans to private banks
122570468Hundred Daysperiod of time (March to June 1933) in which FDR pushed many acts through Congress that were designed to combat the depression
122570469Civilian Conservation Corpsagency established in March 1933 as an unemployment relief effort, providing work for jobless young men in protecting and conserving the nation's natural resources
122570470Federal Emergency Relief Administrationagency formed in May 1933 that directed federal money for relief, funneled through state and local governments
122570471Harry Hopkinsone of FDR's most trusted advisers and influential figures who had been an experienced reformer in NY and administrator with a commitment to ending racial discrimination in relief work
122570472Agricultural Adjustment Administrationagency set up by FDR to provide immediate relief to the nation's farmers; federal farm aid based on parity pricing and subsidy
122570473Tennessee Valley Authorityindependent public corporation under FDR that provided economic development (dams, power plants, fertilizer) and cheap electricity to six southern states (Tennessee Valley)
122570474National Industrial Recovery Actlegislation of New Deal with 2 parts (NRA and PWA) that used self-regulating industrial codes to revive economic activity
122570475National Recovery Administrationpart of NIRA that sought to stimulate production and competition in business by means of industrial codes regulating prices, output, and trade practices; led by General Hugh Johnson
122570476Public Works Administrationcomponent of NIRA, led by Secretary of the Interior Harold Ickes, that funded public works projects (roads, buildings, etc.) to increase employment and consumer spending
122598488Al Smithformer presidential candidate (1928 against Hoover) and conservative Democrat who joined American Liberty League, denouncing Roosevelt and calling his New Deal "socialistic"
122598489Francis Townsendretired California doctor who created an Old Age Revolving Pension plan; his plan called for payments per month to those over sixty years of age provided the money was spent within thirty days and was financed by a national tax on all commercial transactions
122598490Huey Longpopular governor/senator/orator from Louisiana who significantly improved public services and gained loyalty of state's workers; organized the Share Our Wealth Society to limit the size of large fortunes and vowed to make "Every Man a King;" assassinated before becoming a presidential candidate
122598491Father CoughlinCatholic priest in Detroit who attracted a large radio audience with his sermons attacking Wall Street, international bankers, and "plutocratic capitalism;" supported Roosevelt/New Deal at first but turned away because he was frustrated with his limited influence on the administration; founded National Union for Social Justice
129655776American Liberty Leaguegroup of conservative businessmen organized in 1934 that denounced FDR, his advisers, and his New Deal; dominated by wealthy executives, such as Du Pont and General Motors, and conservative Democrats like Al Smith
129655777Emergency Relief Appropriation Act1935 legislation of the Second New Deal that allocated $5 billion for large-scale public works programs for the jobless
129655778Works Progress Administrationagency of ERAA that employed over 8.5 million people for public works projects (roads, highways, buildings, parks, bridges, airports, etc.); led by Harry Hopkins
129655779Social Security Actthis 1935 legislation (Second New Deal) provided for old-age pensions and unemployment insurance
129655780National Labor Relations Actin this 1935 legislation the federal government guaranteed workers the right to organize trade unions and collective bargaining; often called the Wagner Act
129655781John Maynard KeynesConsidered the father of modern macroeconomics, this British economist's ideas of stimulating economic activity through government spending were used in FDR's New Deal
129655782Rexford Tugwellone of FDR's brain trusters who led the Resettlement Administration; successful in efforts at creating model greenbelt communities combing the best of urban and rural environments
129655783John L. Lewisthis son of a Welsh miner became leader of the United Mine Workers and then co-founded the Committee for Industrial Organization at the 1935 AFL convention
129655784Sidney Hillmanleader of the Amalgamated Clothing Workers who co-founded the Committee for Industrial Organization at the 1935 AFL convention
129655785Committee for Industrial Organizationagency formed at the 1935 AFL convention whose goal was to organize mass production workers by industry rather than by craft; wanted to include blacks, women, and unskilled workers; led by John Lewis and Sidney Hillman
129655786Frances Perkinsgraduate of Mount Holyoke College and veteran activist for social welfare and reform who became FDR's industrial commissioner in NY before becoming secretary of labor and the nation's first woman cabinet member
129655787Election of 1936election between Alfred Landon (Republican) and FDR (Democrat); major debates over New Deal and its effect; FDR won with 523 electoral votes, Landon had only 8
129655788New Deala series of economic programs implemented by FDR between 1933 and 1936 as a response to the Great Depression; focused on relief for poor/unemployed, recovery of economy to normal levels, and reform of financial system to prevent another depression
129655789Dust Bowlperiod of severe dust storms causing much agricultural and ecological damage from 1930 to 1926 (western Kansas, eastern Colorado, western Oklahoma, Texas Panhandle, eastern New Mexico, etc); caused by severe droughts and extensive farming
129655790Soil Conservation Serviceagency of the Department of Agriculture (led by Henry Wallace) which conducted research into controlling wind and water erosion, set up demonstration projects, and offered technical assistance, supplies, and equipment to farmers engaged in conservation work on farms and ranches
129655791Bureau of Reclamationthis agency of the Department of the Interior was established under the National Reclamation Act of 1902 to construct dams and irrigation works, thereby encouraging the growth of small farms throughout the arid regions of the West
129655792Boulder Damthis project, begun by Hoover but not completed until 1935, was designed to harness the Colorado River, hoping to prevent floods, irrigate California's Imperial Valley, and generate cheap electricity for Los Angeles and southern Arizona; later renamed the Hoover Dam
129655793Federal Writers Projectprogram of WPA that employed over 5,000 suffering writers for a variety of causes; most notably produced a series of state and city guidebooks entitled "Life in America"
129655794Hallie Flanagangraduate of Vassar College who directed the Federal Theater Project; envisioned theater that confronted political issues
129762423John Steinbeckauthor of "Grapes of Wrath" (1939) which sympathetically portrayed the hardships of Oklahoma Dust Bowl migrants on their way to California
129762424Margaret Mitchellauthor of "Gone with the Wind" (1936) which is actually set during the Civil War in the South but still discusses the determination needed to overcome disasters
129762425Sherwood Andersonauthor of "Puzzled America" (1935) which illustrates the psychological toll taken by unemployment
129762426American Communist Partywith only 100,000 members at its height, this political party believed its philosophy was "Twentieth-Century Americanism;" these people supported FDR's New Deal, especially WPA projects and CIO unionizing drives; many were only interested because they thought it would bring a political revolution or because it opposed lunching, job discrimination, and segregation
129762427Walt Disneyfilmmaker whose animated cartoons had become moral tales that stressed keeping order and following the rules; Mickey Mouse, "Snow White and the Seven Dwarfs" (1937)
129762428Frank Caprathis filmmaker's comedies idealized a small-town America with close families and comfortable homes; his films also dealt with many contemporary problems, such s unemployment, government corruption, and economic monopoly; "Mr. Deeds Goes to Town" (1936), "You Can't Take It with You" (1938)
129762429Benny Goodmanthis white, classically trained clarinetist became known as "the King of Swing" after he introduced smoothed jazz music with a strong dance beat in his radio broadcasts; he also led one of the first racially-integrated musical groups
129762430Schecter v. United Statesin this 1935 Supreme Court "sick chicken case," the Court found the National Recovery Administration unconstitutional because of its excessive delegation of legislative power to the executive and the regulation of business that was intrastate instead of national
129762431Butler v. United Statesin this 1936 Supreme Court case, the Court invalidated the Agricultural Adjustment Administration, declaring it unconstitutional at regulating agriculture (money given to farmers raised through illegal tax)
129762432Black Cabineta group of African Americans appointed to second-level positions in FDR's administration; first called the Federal Council of Negro Affairs

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