Ch.22-23 Flashcards Preview

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Flashcards in Ch.22-23 Deck (31):
1

Causes of the Great Depression

Lack of Diversificaiton
mal-distribution of purchasing power-overproduction of goods
credit structure of the economy
Americas position in international trade
International debt

2

Election of 1928

Rep: Herbert Hoover
Dem: Alfred E Smith

3

Election of 1932

Hoover lost (59)
FD Roosevelt (472)

4

Election of 1936

FDR (D)
Alf Landon (R)

5

the stock prices of 30 representative large firms trading on the New York Stock Exchange

Dow Jones Industrial Average

6

Paying a small percentage of a stocks price as a down payment and borrowing the rest

Buying on margin

7

Black tuesday

October 29, 1929: The bottom fell out of the market

8

Run on the bank

everyone trying to withdraw their cash due to fear

9

ppl who live in oklahoma

oakies

10

sprung up around railroad yars

hobo amps

11

Midterm Elections of 1930

Democrats win control of the house
the republican majority shrunk to one vote in the senate
The american people focused their frustration on pres hoover

12

authorized 2 bil dollars for emergency financing to banks, life insurance companies, railroads

Reconstruction Finance Corporation

13

The Bonus Army

Soldier had served in WWI
It was to be paid in 1945
the avg bonus to be 500 in cash or life insurance

14

The new deal

he had promised a new deal for the american peoples. Get america back in business

15

Authorized the treasury department to insect country banks
sound banks could reopen

Emergency banking relief act

16

Radio talks on important issues

fireside chats

17

Reorganized the banking system
Provided insurance to individual bank accounts up to 5000

Glass-Steagall Act- FDIC

18

Creates the US securities and exchange commission
Required corporations to provide complete info about their stock exchange

Federal Securities act-SEC

19

Creates the US securities and exchange commission
Required corporations to provide complete info about their stock exchange

Federal Securities act-SEC

20

Ended the prohibition act

21st

21

Raise the prices by lowering production

Agricultural Adjustment Act

22

Debate over a dam at Muscle shoals, alabama
Completion had been blocked after the war by local utility companies

TVA; Tennesse Valley Authority

23

Put young men ages 18-25 to work build roads, planting trees etc

CCC: Civilian Conservation Corps

24

Provided 4 mil immediate jobs during the winter of 33-34

CWA: Civil Works Admin

25

Gave govt loans to homeowners facing foreclosure

HOLC: Home Owners Land Corp

26

People needed immediate help
Provided cash money to pop up relief agencies

FERA: Federal Emergency Relief Admin

27

Head of FERA

Harry Hopkins

28

purpose: relate as many jobs as possible
spent 11 bill and gave jobs to more than 8 mill people

WPA: Works Progress Admin

29

provided education, jobs, counseling, and recreation for young people
provided money for high school, colleges, and graduate school

National youth admin

30

Hear testimony about unfair labor practices

National Labor Relations Act

31

Called the most important piece of social legislation in the 20th century

Social Security Act