Flashcards in Ch. 5 Deck (10)
What were the Palmer Raids?
Wilson's Attorney General deported foreigners suspected of being reds without regards to their rights
What did governments of the 20's become known for?
How did the world get drawn into the depression?
They all borrowed money from American banks
What was the problem with buying stocks?
It was done on margin... paying 10% and borrowing the rest
What was wrong in the farming sector?
There was already a depression caused by reduced demand after the war
What did the Hawley-Smoot tariff act do?
Make it impossible to trade with America
What drew people into Marxism?
Capitalism's flaw in the depression
What started to try and spread in Europe as a result of the depression?
What was common among New Deal legislation?
It was inconsistent and sometimes ineffective