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Great Depression & New Deal Flashcards

Term review for unit test on Great Depression and New Deal

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44075554Herbert HooverUS president blamed for Depression; did "Too Little, Too Late"
44075555speculationmaking high risk investments in the stock market in hopes of getting rich quick
44075556buying on marginpractice that contributed to inflated stock prices in the 1920s; required only 10% downpayment to purchase stock
44075557Black ThursdayOctober 24, 1929; on this day J.P. Morgan's quick buying prevented a stock market crash
44075558Black TuesdayOctober 29, 1929; Stock Market Crash
44075559stockshare of a company
44075560Hoovervillesthis is the name for shanty towns that sprung up around major cities during the Great Depression
44075561Dust Bowlperiod of widespread drought and dust storms in the plains states during 1930s
44075562"Okies"name given to migrants fleeing the Dust Bowl
44075563Dorothea LangeWPA photographer most known for her photographs of migrant workers
44075564Migrant Motherfamous Dust Bowl image of mother and children taken by Dorothea Lange
4407556521st Amendmentrepealed prohibition
44075566Bonus Armygroup of WWI veterans who marched to Washington DC in 1932 to demand early pensions
44075567Election of 1932Hoover vs. FDR; two competing ideologies - laissez faire vs. government intervention
44075568New Dealthe name given to FDR's massive plan for relief, recovery, and reform
44075569Franklin Delano Rooseveltpopular American president most remembered for the New Deal
44075570"Nothing to fear but fear itself"famous phrase from FDR's first inaugural address in 1933
44075571Eleanor Rooseveltshe was FDR's "legs" and a strong advocate for the New Deal
44075572Hundred Daysthis early period in FDR's first term as President is notable because of how many programs and laws were created
44075573bank holidaytemporary bank closures that allowed for federal inspection of financial institutions
440755743 R's of the New DealRelief, Recovery, and Reform
44075575ReliefNew Deal programs that provided direct and indirect aid to individuals and families
44075576RecoveryNew Deal programs designed to speed economic recovery
44075577Reformmeasures designed to regulate operation of banks and the stock market to prevent another crash
44075578fireside chatstalks given by FDR to explain government policies in a reassuring, informative fashion
44075579deficit spendinggovernment spending in excess of tax revenues; done in 1930s to stimulate the economy
44075580"Priming the Pump"another phrase for deficit spending
44075581FDICgovernment program that insures bank deposits in case of a bank failure
44075582CCCjob creation program that employed young men in environmental projects
44075583NRANew Deal program that attempted to set prices and wages in key industries; declared unconstitutional
44075584AAANew Deal program that attempted to boost farm prices by paying some farmers not to plant
44075585TVANew Deal program that led to creation of hydroelectric dams on Tennessee River
44075586Second New Dealrenewed burst of legislative activity 1935-36
44075587WPAprogram of Second New Deal that employed artists and construction workers
44075588Wagner Actlaw recognizing rights of unions to organize
44075589Social Security Systemprogram created during Second New Deal; provides old-age and disability pensions & unemployment insurance
44075590American Liberty Leagueorganization that opposed the New Deal on the grounds that it limited American freedoms
44075591court packingattempt by FDR to increase the size of the Supreme Court so judges favorable to his policies would be appointed
44075592Father Charles Coughlinthe "radio priest" who criticized FDR
44075593Huey LongGovernor and senator from Louisana who promoted a "Share Our Wealth" program

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