351-400 Flashcards
(40 cards)
FDR loses lots of support and tells voters he would not enter the war; breaks precedent by Washington
FDR’s Third Term
FDR authorized evacuation of all Japs from west coast to relocation centers, interning about 120,000 Japanese-Americans; Congress votes to pay compensation to each surviving internee in 1988
Japanese Internment Camps (1942)
Isolationism and Neutrality Acts of 1935
America became isolationists after WWI, mainly because its citizens felt harsh effects of war; REJECTION of Treaty of Versailles and higher tariffs; Neutrality Acts to stop ships leaving US from transporting arms to combatants
Investors begin to panic, sending NYSE toward tremendous losses; Black Thursday and Black Tuesday; led to Great Depression
Stock Market Crash of 1929
While the First emphasized central planning, second pushed programs to aid particular groups, such as labor organizations; US tax structure was finessed through various revenue acts
Second New Deal (1935-1941)
US Domestic Measures for WWII
War Production Board regulates raw materials
Prices and wages freeze
Income tax extended to more people
US sells Liberty Bonds
Govt had power to take over business closed by strikes
First of FDR’s Hundred Days; provided funds to open some banks and it combined and liquidated others
Emergency Banking Relief Act (1933)
Thirty-second president; encouraged hope for Great Depression; led thru the “Hundred Days” focused on economic and agricultural recovery and support for the unemployed and elderly; led entry into WWII
Franklin Delano Roosevelt (1933-1945)
FDR’s Gold Standard
FDR removed gold from circulation; resuling in devaluation of US dollar helped raise prices and assist US exports
Strong supporter of civil rights, women’s rights, and world peace; FDR’s wife
Eleanor Roosevelt
An agreement between US and Mexico that brought thousands of Mexican agricultural workers, or braceros, to the US; becomes part of American agricultural economy after WWII
Braceros (1942)
- Works Progress Administration(WPA) - provided jobs and income for unemployed
- Wagner Act/National Labor Relations Act - clarified rights of workers and created a board of oversight on relations between management and labor
- Social Security Act - created to protect older workers; tax on money earned by employees, monies supported unemployment programs
Second New Deal Acts (1935)
Banking Failures (1933)
Banks unable to collect on loans because of Great Depression
Banks could not return money to depositors, leading to bank closures
FDR reacts by creating Emergency Banking Relief Act (1933)
Insured deposits in commercial banks, created FDIC, and separated commercial and investment banking
Glass-Steagall Banking Act (1933-1934)
Attempted to restore the tribal basis of Native American Life; tribal life was to be recognized as “normal”
Indian Reorganization Act (1934)
Japanese destroy all US aircrafts, major battleships, and naval crafts at the base, killing 2,323; FDR asks congress to declare war on Japan
Pearl Harbor (1941)
Term used to describe makeshift shacks that housed groups of homeless people; used to mock the president
“Hoovervilles” (1929-1930)
Securities and Exchange commission was created as a watchdog for the stock Exchange and securities
SEC (1934)
Fist US peacetime draft; men were signed into service, and a group of them were chosen for year of training in the military
Selective Service and Training Act (1940)
A group of 14,000 unemployed veterans that marched on Washington, seeking payment of money through Congress; Hoover calls in Army to remove the vets; bad, bad look for Hoover
Bonus Army (1932)
Congress was concerned about the loss of production due to labor strikes
This authorized the federal govt. to seize and operate industries stopped by strikes
Smith-Connally Anti-Strike Act (1943)
American proposal to aid the British with supplies in exchange for money after the war; put US on Allies side; allowed British and French ships to come into US ports and buy anything
Lend-Lease Act (1941)
First phase of FDR’s domestic reform program
Aimed to provide recovery and relief through public works, business and agricultural regulation
Attacked by conservatives
First New Deal (1933-1934)
Within months of Hoovers election, stock market crashed, leading the nation into the Great depression; decline of American economy meant less money spent on loans and products from other countries; foreign powers not able to pay debts back to US
Foreign Economies and Great Depression (1920s-1930s)