2191661929 | Causes of the Great Depression | - Unstable international debt structure
- Declining Exports
- Lack of diversification
-Factories and farms produce more goods than people can buy.
- Banks make loans that borrowers cannot pay back.
- After the stock market crash, many businesses cannot find people who will invest in their growth. | | 0 |
2191661930 | Effects of the Great Depression | - Many banks fail.
- Many businesses and factories fail.
- Millions of Americans are out of work.
- Many are homeless and hungry.
- Families break up and people suffer | | 1 |
2191661931 | buying on margin | practice that allows people to buy stock with a down payment of a portion of the value | | 2 |
2191661932 | Black Tuesday | day the stock market crashed, signaling the start of the Great Depression | | 3 |
2191661933 | Great Depression | worst period of economic decline in United States history, beginning in 1929 | | 4 |
2191661934 | bankrupt | unable to pay debts | | 5 |
2191661935 | relief program | government program to help the needy | | 6 |
2191661936 | soup kitchen | place where food is provided to the needy at little or no charge | | 7 |
2191661937 | public works | projects built by the government to help public | | 8 |
2191661938 | Hoovervilles | group of shacks in which homeless lived during the Great Depression | | 9 |
2191661939 | Works Progress Administration (WPA) | Hires jobless people to build public buildings and parks. | | 10 |
2191661940 | National Industrial Recovery Act (NIRA) | Develops rules for doing business | | 11 |
2191661941 | Truth-in-Securities Act | Regulates the stock market. | | 12 |
2191661942 | Federal Deposit Insurance Corporation (FDIC) | Insures savings accounts in banks approved by the government. | | 13 |
2191661943 | polio | highly infectious disease that causes inflammation of the nerve cells of the brain stem and spinal cord, leading to paralysis | | 14 |
2191661944 | bank holiday | Presidential closing of banks four days during the Great Depression to help recover | | 15 |
2191661945 | fireside chat | radio speech given by Franklin D. Roosevelt while in office | | 16 |
2191661946 | Hundred Days | first hundred days of Franklin D. Roosevelt's presidency when a lot of changes occurred | | 17 |
2191661947 | New Deal | program of President Franklin D. Roosevelt to end the Great Depression | | 18 |
2191661948 | Pros of Roosevelt's New Deal | - Government has a duty to help all citizens.
- The New Deal helped the nation through the worst days of the Great Depression.
- At a time when people in other countries turned to dictators to solve problems, the New Deal saved the Nation's democratic system. | | 19 |
2191661949 | Con of Roosevelt's New Deal | - Government should not interfere in business or in people's private lives.
- New Deal spending led to increases in the national debt.
- The New Deal did not end the Great Depression. | | 20 |
2191661950 | Dust Bowl | region in the central Great Plains that was hit by a severe drought | | 21 |
2191661951 | civil rights | the rights due to all citizens | | 22 |
2191661952 | KKK | Stands for Ku Klux Klan and started right after the Civil War in 1866. The Southern establishment took charge by passing discriminatory laws known as the black codes. Gives whites almost unlimited power. They masked themselves and burned black churches, schools, and terrorized black people. They are anti-black and anti-Semitic. | | 23 |
2191661953 | FDR | 32nd President of the United States, Roosevelt, the President of the United States during the Depression and WWII. He instituted the New Deal. Served from 1933 to 1945, he was the only president in U.S. history to be elected to four terms | | 24 |
2191661954 | S.E.C | an independent federal agency that oversees the exchange of securities to protect investors | | 25 |
2191661955 | FDIC | Federal Deposit Insurance Corporation: A federal guarantee of savings bank deposits initially of up to $2500, raised to $5000 in 1934, and frequently thereafter; continues today with a limit of $100,000 | | 26 |
2191661956 | PWA | Public Works Administration. Part of Roosevelts New Deal programs. Put people to work building or improving public buildings like schools, post offices,etc. | | 27 |
2191661957 | NRA | Attempted to combat the Depression through national economic planning by establishing and administering a system of industrial codes to control production, prices, labor relations, and trade practices among leading business interests; ruled unconstitutional by the Supreme Court in 1935 | | 28 |
2191661958 | AAA | Agricultural Adjustment Administration: attempted to regulate agricultural production through farm subsidies; ruled unconstitutional in 1936; disbanded after World War II | | 29 |
2191661959 | TVA | (Tennessee Valley Authority Act) Relief, Recover, and Reform. one of the most important acts that built a hyro-electric dam for a needed area. | | 30 |
2191661960 | Election of 1932 | FDR wins by a landslide. | | 31 |
2191661961 | Farmer's Holiday Association | Established in 1932 by a group of unhappy farmers in Des Moines, Iowa which endorsed the withholding of farm products from the market. | | 32 |
2191661964 | The Hoover Program | Hoover responded to Depression by trying to restore confidence in economy- tried to gather business into voluntary program of cooperation to aid recovery; by 1931 voluntarism had collapsed because of worsening economy. | | 33 |
2191661965 | The "Interregnum" | Period between election and inauguration one of increasing economic problems because of expanding banking crisis and more depositors seeking to withdraw money in a panic; more banks declared bankruptcy.
Roosevelt refused to make public commitments asked of him by Hoover to maintain economic orthodoxy or not institute broad economic reforms | | 34 |
2191661967 | Black Tuesday | This is the name given to October 29, 1929. This date signaled a selling frenzy on Wall Street--days before stock prices had plunged to desperate levels. Investors were willing to sell their shares for pennies on the dollar or were simply holding on to the worthless certificates. | | 35 |
2191661968 | Banking Collapse | Much of the banking system collapsed following the stock market crash. Money supply greatly decreased; causing deflation. | | 36 |
2191661969 | "Dust Bowl" | This is the term given to the Great Plain where a severe drough hit, killing all of the crops of the region. The topsoil turned to a fine powdery dust that blew away with the severe, hot winds that wreaked havoc on the farmers who remained. The area earned this name because Plains farmers saw their land literally blow away. | | 37 |
2191661970 | "Okies" | This ws the nickname given to farmers and their families who came from the panhandle regions of Oklahoma or Texas to California in search of the "Promised Land" | | 38 |
2191661971 | Scottsboro Case | Nine black young men who were accused of raping two white women in a railway boxcar in Scottsboro, AZ, in 1931. Quick trials, surpressed evidence, and inadequate legal council made them symbols of the discrimination that faced blacks on a daily basis during this era. | | 39 |
2191661972 | Japanese American Citizens League | Japenese-American businessmen and professionals formed the league in 1930. 1940- had nearly 6,000 members | | 40 |
2191661973 | Walt Disney | United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck. | | 41 |
2191661974 | Life Magazine | Photographic journal starting in 1936 had largest reader group in US. It had some articles on politics and economics, but it was known for photos of sports and theater, natural landscapes and public projects. A popular feature was "Life goes to a party" showing the rich and famous. | | 42 |
2191661975 | Spanish Civil War | In 1936 a rebellion erupted in Spain after a coalition of Republicans, Socialists, and Communists was elected. General Francisco Franco led the rebellion. The revolt quickly became a civil war. The Soviet Union provided arms and advisers to the government forces while Germany and Italy sent tanks, airplanes, and soldiers to help Franco. | | 43 |
2191661976 | Southern Tenant Farmers Union (STFU) | Biracial Arkansas sharecropper orgasnization who lobbied government in 1934 to halt tenant evictions and to force landowners to share payents with tenants. | | 44 |
2191661977 | The Grapes of Wrath | Wrtitten by John Steinbeck, arguably the most successful chronicler of social conditions in the 1930s. Published in 1939; tells a story of a family who migrated to California due to the dust bowl. He offered a harsh portrait of the exploitive features of agrarian life in the West, but also a tribute to the endurance of its main characters--and to the spirit of the community they represent. | | 45 |
2191661978 | James T, Farrell | Writer who portrayed the grim life of Chicago's Irish immigrants in his Studs Lonigan trilogy | | 46 |
2191661979 | Popular Front | Combination of Socialist and Communist political parties in France; won election in 1936; unable to take strong of social reform because of continuing strength of conservatives; fell from power in 1938 | | 47 |
2191661980 | Socialist Party | Political parties formed in the unity of an international organization with a set beliefs inspired by the writings of Karl Marx. They desired economic and political philosophy favoring public or government control of property and income. Their goal was to end the capitalist system, distribute wealth more equally, and nationalize American industries. | | 48 |
2191661981 | Agricultural Marketing Act | Provided subsidies to farmers to not grow crops, Established the first major government program to help farmers maintain crop prices with a federally sponsored Farm Board that would make loans to national marking cooperatives or set up corporations to buy surpluses and raise prices. This act failed to help American farmers. | | 49 |
2191661982 | Hawley-Smoot Tarif | This 50 percent tarrif on imported goods, passed in 1930, hurt American farmers and resulted in retaliatory tariffs from the other nations around the world that then hurt manufacturers. | | 50 |
2191661983 | Reconstruction Finance Corporation (RFC) | Established in 1932 by Herbert Hoover to offset the effects of the Great Depression; the RFC was authorized to give federal creit to banks so that they could operate efficiently. Banks recieving these loans were expected to extend loans to businesses providing jobs or building low-cost housing. | | 51 |
2191661984 | Farmers' Holiday Association | (1932) formed by a group of unhappy Iowa farm owners, it endorsed the withholding of farm products from the market- in effect a farmers' strike, which although blockading several markets ended in failure. | | 52 |
2191661985 | Bonus Expeditionary Force
(The Bonus Army) | A self-proclaimed group of more than 20,000 WWI veterans that formed when Congress approved paying $1000 bonus to those who had fought in WWI with payments beginning in 1945 (approx. 20 years later); the "Bonus Army"; marched into DC and camped there, vowing to stay until Congress approved legislation to pay the bonus immediately; proposal voted down by Congress, causing only a small portion of the group to leave; those who remained were driven out of the city under order of Hoover by the police at first and then the Army | | 53 |
2191661987 | Douglas MacArthur | United States general who served as chief of staff and commanded Allied forces in the South Pacific during World War II. | | 54 |
2191661988 | Franklin Roosevelt | Democratic candidate who won the 1932 election by a landslide. He refused to uphold any of Hoover's policies with the intent on enacting his own. He pledged a present a "New Deal" (its specific meaning ambiguous at the time to the American people) to the American public. | | 55 |
2191661989 | Rugged Individualism | This idea of President Hoover's stated that anyone could become a success if he or she worked hard enough. | | 56 |
2191661990 | Bull Market | This term describes a situation in which the value of stocks is rising quickly. This occurred in 1929 when the New York Stock Exchange had reached an all-time high, with stocks selling for more than 16 times their actual worth. Unfortunately, at this time, it was not a true bull market and it eventually crashed. | | 57 |