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Social Studies > Great Depression > Flashcards

Great Depression Flashcards

0
Q

When was the market crash and what was another name for it?

A

October 29,1929 also known as black tuesday

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1
Q

What were the problems in the stock market that led to the crash

A
  • Stocks overpriced
  • massive fraud and illegal activity
  • investors used margin buying
  • bunch sold their stocks
  • stocks plunged
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2
Q

What happened to the farmers during the depression

A
  • European nations were buying less farm goods
  • prohibition reduced demands
  • surplus and over production
  • incomes dropped
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3
Q

What happened to the industry during the great depression

A
  • credits allowed Americans to buy expensive goods, but people reached credit limit
  • purchases dropped
  • warehouse filled with goods
  • autos and major appliances dropped
  • new construction dropped
  • surplus couldn’t be sold overseas
  • workers were fired
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4
Q

What happened to the workers during the great depression

A
  • wages for workers weren’t rising now
  • few workers could afford to buy factory output
  • unemployment reached 25%
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5
Q

What happened to the banks during the great depression

A
  • 80% of americans had no savings at all
  • crash triggered banking crisis
  • stock investors could repay the margins
  • many banks went out of business so many life savings were lost
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6
Q

What happened to the world during the great depression

A
  • Europe owed over $10 billion to the U.S, but they had a bad economy so the demanded Germany pay
  • led to financial crisis when Europe couldn’t purchase goods from the U.S
  • 1922, U.S passed high tariffs and industries
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7
Q

What were Hoovers beliefs about government involvement in the economy?

A
  • didn’t want the gov to take big actions and become powerful
  • didn’t believe in direct relief programs
  • urged leaders to keep there workers employed
  • thought economy would bounce because of strong basis
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8
Q

What actions did Hoover take?

A
  • state and local gov
  • established aid
  • developed public works
  • set up RFC
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9
Q

What did the RFC do

A 
Helped people loan money to $ to
- banks
- insurance companies
- mortgages
- large businesses
- railroads 
Also lowered taxes
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10
Q

Highest unemployment rate

A

25%

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11
Q

Bank holiday

A

All banks closed for 4 days to be inspected to see if they can be fixed

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12
Q

Francis Townsend

A

More help needed for the economy

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13
Q

Father Charles Coughlin

A

(Radio priest) not strong enough actions were being taken against investors and bankers who created the problems

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14
Q

Huey long

A

“Share Our wealth” program which taxed wealthy and gave to the poor (2500 a year)

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15
Q

Liberty league

A

Believed gov was doing too much and taking out basic freedom, deficit spending went up, threat to separation of powers

16
Q

Hired young men to work in a variety of conservation projects across the countries. Built bridges, parks,planted trees, ect. ( only white men)

A

Civilian Conservations Corporation

17
Q

Hired young men to build public projects, roads, aircraft carriers, ect. To help the construction industry recover

A

Public works administration

18
Q

Insured bank deposits

A

Federal deposit insurance corporation

19
Q

Provided a small income for the elderly, unemployed, disabled and orphans, paid for employees

A

Social security act

20
Q

Rebuilt 7 state area of their rivers, dams, electricity, housing, ect.

A

Tennessee valley authority

21
Q

Wrote codes or rules for production, wages, ect. To help improve buisness

A

National industry recovery act

22
Q

Tightened honesty rules in the stock

A

Truth in securities act

23
Q

Hired young men to help build hospitals, libraries, ect…, also hired artists, musicians, ect. (All genders and race)

A

Works progress administration

24
Q

Collective bargaining for unions

A

Wagner act

25
Q

How are native americans and african americans impacted by the great depression

A

Some of the last people to get jobs and they were still descriminated

26
Q

What were the two moist most popular forms of American entertainment

A

Radio and movies

27
Q

What were some movies released during the great depression

A

Snow white and wizard of oz, animated and in color

28
Q

What caused the depression to end

A
  • war in Europe started and american companies began to make and sell war products
  • US joined war
29
Q

What programs still exist today

A
  • Social security,
  • T.V.A,
  • Truth in Security Act,
  • FDIC,
  • SEC,
  • established food and drug act
30
Q

Why are FDRs beliefs differ form Hoovers

A

FDR thought the gov should get involved

31
Q

Bank holiday is…

A

Emergency bank releif

32
Q

States effected by Dust bowl

A
  • colorado
  • kansas
  • new mexico
  • oklahoma
  • Texas
33
Q

regulate the securities markets and protect investors

A

Security exchange comission

Social Studies (8 decks)

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