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Chapter 34 push 1929-1939 Flashcards

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2369821624great depression-longer than previous depressions -caused more business failures -affected both middle/working class0
2369841929Black Tuesday-Oct. 29, 1929 -bottom fell out as millions panicky investors order their brokers to sell, when there were practically no buyers to be found.1
2369849134Dow Jones Index-had fallen from its september high of 381 to 1982
2369854803stock market-exchange of stocks -not responsible for great depression3
2369867727buying on margin-allowed people to borrow most of the cost of the stock, making down payments as low as 10%4
2369874636Gross National Product-value of all the goods and services produced by the nation in one year5
2369880748Herbert Hoover-wrong in thinking that prosperity would soon return -believed the nation could get through the difficult times if the people took his advice about exercising voluntary action and restraint. -urged businesses not to cut wages, unions not to strike, and private charities to increase their efforts for the needy and the jobless. -afraid gov. assistance to individuals would destroy there self-reliance. -recognized the need for more direct government.6
2369900654Hawley Smoot Tariff (1930)-passed by republican congress -set tax increases ranging from 31% to 49% on foreign imports. -political purpose: to satisfy U.S. business leaders who thought higher tariffs of their own against U.S. goods.7
2369912584debt moratorium(suspension) on the payment of international debts. -brit and germany accepted8
2369916676Farm Board-created in 1929 before stock market crash -helped farmers stabilize prices by temporarily holding surplus grain and cotton storage.9
2369925169Reconstruction Finance Corporation (RFC)-federally funded, government owned corp. -created by congress in 1932 as a measure for propping up faltering railroads, banks, life insurance companies, and other financial institutions. -help stabilize key businesses10
2369941416bonus march 1932-thousand unemployed WWI veterans mached to Washington, DC -demanded immediate payment of the bonuses promised them at a later date (1945)11
2369950207Election of 1932-depressions worst year -republicans for hoover -democrats for FDR -Resulted in election of FDR12
236995696720th amendment(lame duck amendment) -shortened the period between the presidential election and inauguration13
2369962253FDR-married to Eleanor -expanded size of federal government, altered its scope of operations, enlarged powers of presidency -disability from polio 192114
2369974290Eleanor Roosevelt-FDR's wife -leader in her own right -most active first lady in history -writing newspaper columns, speeches, traveling the country -served as presidents social conscience and influenced him to support minorities and the less fortunate.15
2369987021Three R's-relief: people out of work -recovery: for business and economy as one -reform: of american economic institutions16
2369994477Brain Trusts-included Rexford Tugwell, Raymond Moley, Adolph A. Berle. -roosevelt turned to these professors for economic advise17
2370015253Frances Perkins-first woman to serve in a presidents cabinet -FDR's secretary of labor18
2370019586Hundred Days-congress passed into law every request from roosevelt...enacting more major legislation than any single congress in history -new laws: WPA,AAA,CCC,NRA19
2370027687bank holiday-to restore confidence in those banks that were still solvent -pres. ordered for those banks to have a holiday on March 6, 193320
2370034542Beer-Wine revenue act-legalized the sale of beer and wine -bringing prohibition to an end21
2370038590Fireside chats-March 12, 1933 -FDR said to people that banks were now safe22
2370104302Emergency Banking Relief Act-gov. to examine the finances of banks closed during bank holiday and reopen those judged to be sound23
2370109778Federal Deposit Insurance Corp. (FDIC)-Guaranteed individual bank deposits up to 5,00024
2370116229Home Owners Loan Corp. (HOLC)-provided refinancing of small homes to prevent foreclosures25
2370118401Farm Credit Administration-provided low-interest farm loans and mortgages to prevent foreclosures on the millions of indebted farmers26
2370126752Federal Emergency Relief Administration (FERA)-outright grants of federal $ to states and local gov. that were operating soup kitchens and other forms of relief for the jobless and homeless27
2370133709Public Works Administration (PWA)-directed by Harold Ickes -allotte money to state and local governments for building roads, bridges, dams,etc.28
2370140401Tennessee Valley Authority (TVA)-experiment in the regional development of public planning. -hired thousands of people in one of the nation's poorest regions(tennessee valley) to build dams, operate electric power plants, control flooding and erosion, manufacture fertilizer29
2370150221Civillian Conservation Corps. (CCC)-employed young men on projects on federal ands and paid their families small monthly sums30
2370157303Schechter vs. US-Supreme court ruiling declaring the NRA unconstitutional31
2370164319Civil Works Administration (CWA)-Hired laborers for temporary construction projects sponsored by the federal government.32
2370226513Securities and Exchange Commission (SEC)-created to regulate the stock market and to place strict limits on the kind of speculative practics that had led to the crash of 192933
2370233909Federal Housing Administration (FHA)-both the construction industry and homeowners a boost by insuring bank loans for building new houses and repairing old ones.34
2370240593Second New Deal-1935 -concentrated on relief and reform35
2370243395Workers Progress Administration (WPA)-sent billions of dollars between 1935-40 -provided people with jobs -employed 3.4 million men and women who had formerly been on relief rolls of state and local governments.36
2370250058Harry Hopkins-operate the WPA37
2370253265National Labor Relations-"Wagner Act 1935" -replaced labor provisions of the National Industrial Recovery act -guaranteed a worker's right to join a union and a union's right to bargain collectively -outlawed business practices that were unfair labor38
2370263028Social Security Act-1935 -created federal insurance program based upon the automatic collection of taxes from employees and employers throughout people's working careers39
2370270472Father Coughlin-catholic priest -radio broadcaster -founded National union for Social Justice, calling to issue an inflated currency and nationalizing all banks40
2370279318Dr. Frances E. Townsend-proposing a simple plan for guaranteeing a secure income to senior citizens. -argued that recipients would stimulate the economy and soon bring the depression to an end41
2370290920Huey Long-roosevely, "most dangerous of the depression demagogues" -"kingfish" -"share on our wealth" promised a minimal income of 5,000 for every american family , to be paid for by the rich.42
2370303341court- reorganization plan-1937 -"court packing" bill -proposed that the press. be authorized to appoint the supreme court and additional justice for each current justice who was older than a certain age.43
2370310731Committee of industrial organizations (CIO)-leader John L. Lewis (pres. of United Mine Workers Union. -industrial unions came together -union membership to expand to ALL workers in an industry. (unskilled too)44
2370320423sit down strike for General Motors plant-workers instead on their right to join a union.45
2370327522fair labors standards act-1938 -provided a host of regulations on businesses in interstate commerce...establishing: 1.minimum wage 2. maximum workweek 3.child-labor restrictions on those under 1646
2370337084Fair employment practices committee-1941 -assist minorities in gaining jobs in defense industries47
2370338823A phillip randolph-head of the railroad porters union, threatened a march on washington to demand job opportunities for african americans48
2370343438indian reorganization-(wheeler-howard act 1934) -returned lands to the control of tribes and supported the preservation of native american cultures49

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