Exam #2 pt.2 Flashcards
(58 cards)
Restoring Confidence
Two days after taking office issued “Bank Holiday” closing all banks for four days to give Congress time to discuss reforms
Section 7(a) National Labor Relations Act (wagner)
(NRA) resolve conflict between owner and employer by collective bargaining.
Civilian Conservation Corp
(CCC)This targeted young people from 18-25. It provided employment to young men who could not find jobs in the cities
Work Progress Administration
(WPA) built most schools in 1933. To provide work for the many unemployed in the Great Depression
Federal Depositor insurance corporation
(FDIC) guarantees deposits of 2500
Securities and Exchange Commission
(SEC) Provides security of the stock market. Regulated the stock market
Social Security
partial retirement fund
Tennessee Vally Authority
would generate and sell electricity at a reasonable rate. a system of dams to create electricity
Deflation
Is when prices sink
20th amendment
Change in inauguration date (starts in Jan. instead of Nov.)
21st Amendment
repealed the 18th Amendment and prohibition of alcohol
22th Amendment
presidents could only be in office 2 TERMS
Three causes of the great depression
- Agricultural Weakness- New tech for larger more intensive farming. Increase in food drop in prices.
- Maldistrubution of Income- Large disparity between rich and poor. A lot of money was being produced and not spent, people were saving it.
- Risky Investment Practices- Borrowing on the margin. Buying stock with other stock.
How did Americans’ attitudes about the role of government change as a result of the Great Depression and Roosevelt’s New Deal?
People became more accepting of the federal government’s role in economic policy
Identify and describe the Allied strategy to winning the war in the Pacific.
Island hopping: move from island to island as they get closer and closer to Japan, and eventually move to Japan. Taught Americans the determination, death, and destruction it would take to invade Japan. Island by island they won territory back from the Japanese
War Production During WWII
Unemployment went down because people were working to create materials needed for the war. all people were hired. Worker income rose. Limits were placed on consumer goods. War bonds were sold, which were buying US treasury bond to support the government. Taxes were increased.
What were the 4 main causes of the Great Depression and how did the stock market crash revealed the weaknesses in the economic system
- over production and under consumption
- corporate debt/Banks
- stock market speculations, no long term investments, careless loand by banks…
- international debt (unpaid IWW debt)
the crash showed the weakness in the economy by evidencing ( hsowing) the long time weakness in the Agricultural economy and other industries, and it also showed the weakness in the the unequal wealth distribution
How did the Great Depression affect different socio-economic and racial groups in American society?
African Americans and farmers especially were hit hard by the Great Depression. The farmers were experiencing hard times because of the Dust Bowl. African Americans felt the devastating effects of racism during this time, because while white people were receiving help, African Americans were still victims of Jim Crow laws.
Depression Values
- People tried to recommit themselves to goals they had in the 20’s
- People blamed themselves for the depression
- looked to the gov. for change
Why did movies and radio become so popular after WWI?
They became tools to speak to many at once and to spread messages, good and bad, quickly. Also they became an escape for people.
Hoover’s policies including the Reconstruction Finance Corporation.
it helped finance only those public works projects that promised ultimately to pay for themselves(toll bridges, public housing, and others).
Bonus March
Thousands of veterans marched on the capital and demanded their bonuses they were promised from service in WWI. Stayed at the capital for 2 months. During the Great Depression. The government responded with force, and forced the campers out of the camp, then burned it. It was significant because it was a denial of the right to the money the marchers deserved, and it was an intervention into a protest by the military.
The Hundred Days
relief
recovery
reform
AAA
-Agriculture Adjustment Act -
reducing crop production to end agricultural surpluses and halt the downward spiral of farm prices (help bring about a rise in prices for farm commodities)
