Depression Effects #77 Flashcards
(20 cards)
What is fiscal planning?
The process of using budgets and financial predictions to manage resources
Fiscal planning aims to prevent financial crises by anticipating economic conditions.
Define recession.
A sustained period of decline in economic activity that affects many sectors of the economy.
What is foreclosure?
When a lender takes back property when the borrower is unable to make the payments.
Define de facto segregation.
Segregation enforced through social pressures, but not law.
What does U.S Farm Security Administration (FSA) refer to?
A government agency that opened migrant work camps, providing housing, food, medicine, and cultural space.
What are ‘ditchbank’ camps?
Temporary camps set up by Mexican American farmers along irrigation ditches.
Fill in the blank: Some economists argued that better fiscal planning would not have __________.
prevented the onset of the Great Depression.
Fill in the blank: Industries in response to a pile up of surplus goods and production, would eventually __________ on production and __________ workers, triggering a __________ or __________.
cut back; lay off; recession; depression.
Fill in the blank: By 1933, nearly _______ of the labor force was unemployed, reaching _______ in some cities.
25%; 50%.
Fill in the blank: President __________ asked businesses to __________ and __________, even if they could not sell their excess product.
Hoover; keep workers working; maintain high production levels.
Fill in the blank: For workers who managed to keep their jobs, wages __________ dramatically, and many workers were given __________ shifts a week.
fell; one or two.
Fill in the blank: When factories laid off employees, __________ were often the first to go.
African American workers.
Fill in the blank: The percentage of __________ in the workforce increased, due to being cheaper to hire than __________.
women; men.
Fill in the blank: Farmers with more goods than they could sell were forced to __________ and __________ they couldn’t afford to feed.
let their crops rot; slaughter their excess livestock.
Fill in the blank: Many farmers could not pay their __________ and banks began __________.
mortgage payments; foreclosing farms across the country.
Fill in the blank: By 1930, the U.S government had shut down immigration from __________ for over __________ years.
China; 48.
Fill in the blank: Along with the job crisis and food shortages, Mexican immigrants had to face an additional threat: __________.
deportation.
Fill in the blank: The __________ (FSA) opened migrant work camps, which provided __________.
U.S Farm Security Administration; housing, food, medicine, and cultural space.
Fill in the blank: Mexican American communities formed __________ to help each other during hard times.
mutualistas.
Fill in the blank: __________ took its toll, and __________ & __________ drastically declined.
Economic hardship; marriage rates; birthrates.
