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CPUSH > Great Depression/ New Deal Test > Flashcards

Great Depression/ New Deal Test Flashcards

1
Q

Causes of the great depression

A

credit, buying on margin, overproduction/underconsumption, insider trading, bank runs

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2
Q

Overproduction

A

When the farmer grow too much food

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3
Q

Underconsumption

A

when there is too much food because the people arent buying it

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4
Q

Hawley Smoot Tariff

A

Raised tariff on goods coming to america- made depression worse, other countries did the same and world trade stopped

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5
Q

Buying on margin

A

Borrowed money- credit, pay the rest later

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6
Q

speculation

A

bull= good, bare= bad

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7
Q

Dorothea Lange

A

photographer during the depression

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8
Q

Insider trading

A

cheating the stock market- knowing insider secrets

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9
Q

Bonus Army

A

WW1 vets who wanted their bonus early, caused riots

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10
Q

What caused the stock market to crash so badly?

A

people freaked out and sold their stocks, led to a huge decline in stocks, people who bought on margin couldnt pay it back

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11
Q

How did it affect the farmers?

A

prices of crops went down, farms were foreclosed

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12
Q

How were the common people affected?

A

people weren’t buying so businesses went out of business, went to bread lines

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13
Q

Hoovervilles

A

shacks and tents in vacant lots that people lived in- named after hoover

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14
Q

Which did the most to trigger a worldwide collapse?

A

the tariff

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15
Q

What was the main contributor of the banks faiking?

A

people withdrew all their money

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16
Q

The dust bowl

A

very bad draught caused y overused farm land- soil turned to dust, okies left the farmlands

17
Q

Glass- steagall act

A

helped create the FDIC

18
Q

Agricultural Adjustmant Act (AAA)

A

subsidized farming- reduced crop production- declared unconstitutional because it wasnt fair to all farmers

19
Q

Civilian Conservation Corps

A

hired young men to do work- like the military- payed $30 but only kept 5, the rest went to parents

20
Q

National Industrial Recovery Act (NIRA)

A

Declared unconstitutional- increased production and gave people money to buy it

21
Q

National Recovery Administration (NRA)

A

Created fair business- red eagle for businesses

22
Q

Federal Emergency Relief Administration (FERA)

A

sent funds to state governments and then gave cash to the needy

23
Q

Works Progress Administration (WPA)

A

Created most jobs- built bridges, buildings, and parks

24
Q

National Youth Administration (NYA)

A

created jobs for students

25
Q

Public Works Administration (PWA)

A

Oversaw construction projects- had little impact on economy

26
Q

Federal Deposit Insurance Company (FDIC)

A

guarenteed bank deposits up to 5 thousand if money was lost in banks

27
Q

Securities and Exchange Commission (SEC)

A

regulates the stockmarket

28
Q

Social Securities Act

A

provided money for the retired- made them spend money which was good for the economy

29
Q

Tennessee Valley Authority (TVA)

A

created jobs- built dams on the river- made jobs and power- declared unconstitutional because it put the government in competition with private businesses

30
Q

Wagner Act (NLRB)

A

Guaranteed workers the right to make unions

31
Q

Fireside chats

A

radio broadcasts that FDR got support from

32
Q

How many supreme court judges did FDR want?

A

12

33
Q

Huey Long

A

governor of louisisana- everyman a house, a car, and a fish- “share the wealth program”

34
Q

What did FDR do/ say that was controversial

A

Said that people had the right to unionize

35
Q

What were FDR’s first 4 things he did as president?

A

Fix the banks (closed them and then put 2 billion back in banks),
regulate business (pay workers, SEC, pay workers),
Save the farmers (AAA, get rid of debt, subsidizing),
Put money into the economy (Social security, lower interest rate, government jobs)

36
Q

What was hoover’s approch to the depression?

A

rugged individualism

CPUSH (8 decks)

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