Ch. 5 Flashcards Preview

20th Century World > Ch. 5 > Flashcards

Flashcards in Ch. 5 Deck (10)
Loading flashcards...
1

What were the Palmer Raids?

Wilson's Attorney General deported foreigners suspected of being reds without regards to their rights

2

What did governments of the 20's become known for?

Doing nothing

3

How did the world get drawn into the depression?

They all borrowed money from American banks

4

What was the problem with buying stocks?

It was done on margin... paying 10% and borrowing the rest

5

What was wrong in the farming sector?

There was already a depression caused by reduced demand after the war

6

What did the Hawley-Smoot tariff act do?

Make it impossible to trade with America

7

What drew people into Marxism?

Capitalism's flaw in the depression

8

What started to try and spread in Europe as a result of the depression?

Socialism

9

What was common among New Deal legislation?

It was inconsistent and sometimes ineffective

10

What did the new deal end up doing?

Help fix the economy by expanding government, but it opened up other issues as well