Chapter 26 Flashcards Preview

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Flashcards in Chapter 26 Deck (30):
1

What were the causes of the Great Crash?

Each year after 1924, the rate of increase in the sale of cars and refrigerators and ranges slowed, a natural consequences as more and more people already owned these durable goods

2

Fireside Chats

Presidents started radio broadcasts

3

FDIC

Federal Deposit Insurance Corporation

4

Harold Ickies

Secretary of Interior

5

What were the causes of the Great Depression?

The US factories produced more goods than the American people could consume

6

What were the social effects of the Great Depression on the population?

Americans suffered through poverty, unemployment was high, and farmers weren't doing well

7

Who was the most prominent victim of the Great Depression?

Herbert Hoover

8

What was Franklin Roosevelts background?

He was born into the old Dutch colonial aristocracy of New York. He was extremely wealthy

9

What was Franklin Roosevelt's first New Deal legislation?

He saved the nations banks

10

What was the New Deal program designed to use public funds to develop mechanisms for flood control and electricity creation in the South?

The Tennessee Valley Authority

11

National Recovery Act

This New Deal agency was created in 1933 to promote economic recovery and revive industry during the Great Depression

12

Agricultural Adjustment Administration

Created by Congress in 1933 as part of the New Deal, this agency attempted to restrict agricultural production by paying farmers subsidies to take land out of production

13

New Deal

President Franklin D Roosevelts program to combat the Great Depression

14

Bonus Army

In June 1932, a group of 20000 WW1 veterans marched on Washington DC to demand immediate payment of their "adjusted compensation" bonuses voted by congress in 1924

15

Civilian Conservation Corps

One of the most popular New Deal Programs, the CCC provided 300000 young men between the ages of 18 and 25 with government jobs in reforestation and other conservation projects

16

Works Progress Administration

New Deal agency to provide work relief for the unemployed

17

Social Security Act

The 1935 Social Security Act established a system of old age, unemployment, and survivors' insurance funded by wage and payroll taxes

18

Wagner Act

Established the National Labor Relations Board and addressed relations between unions and employers in the private sector

19

Industrial Recovery Act

Key measure in 1933 to set wages and prices in industry via the NRA

20

Who were the 3 demagogues?

1. Father Charles Caughlin
2. Francis Townsend
3. Senator Huey Long "The King Fish"

21

Court Packing

Roosevelt wanted to remove the conservative justices from the court

22

How many times did FDR get elected to office?

4

23

Keynes vs Hayek

Often pitted against each other because they differed in views on how the economy should run

24

Dirty Thirties

Brought drought and misery

25

How did the Democrats suffer in the 1938 elections?

The New Deal came to a halt

26

Why did FDRs court-packing scheme fail?

It was controversial to the New Deal

27

Why did black leaders call the NRA the "Negro Run Around"?

NRA codes permitted lower wage scales for blacks, while the AAA led to the eviction of thousands of Negro tenants and sharecroppers

28

John Lewis

Head of the United Mine Workers

29

CIO

Committee on Industrial Organization

30

What was the Townsend Act?

Proposed giving everyone over the age of 60 monthly pension of $200 with the proviso that it mist be spent within thirty days