Final Exam - Sheet1 Flashcards
(133 cards)
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President during the Great Depression, polio, from a wealthy family
FDR
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Roosevelt’s wife and greatest asset. An advocate for minorities.
Eleanor Roosevelt
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March 6 to 10 1932, closed banks in order to prevent withdraws (“runs on banks”), and in turn failures
Banking Holiday
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Name given to FDR’s economic plan to fight the Great Depression
New Deal
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The informal radio conversations Roosevelt had with the people to keep spirits up. It was a means of communicating with the people on how he would take on the depression.
Fireside Chat
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A group of close advisers to FDR. These were academics, lawyers, economists, and social scientists.
Brain Trust
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When the government spends more money than it has
Deficit Spending
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economic policy where government would pump money into the economy in order to stimulate economic recovery
Pump Priming
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Nickname for FDR’s New Deal programs
Alphabet soup
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insures depositor’s money in the banks
FDIC, Federal Deposit Insurance Corporation,
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Funded artists, musicians, and bigger construction projects (Old Valley Stadium and old Phenix elementary
WPA, Works Progress Administration.
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Federal money to the state for direct help to people
FERA, Federal Emergency Relief Act. (called FEMA today)
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Policies the stock market
SEC Securities and Exchange Commission.
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reached 25%
unemployment rates
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eliminate competition businesses will continue to operate
NRA National Recovery Act,
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immediate needs fulfilled; (Acronym here)
Relief- FERA
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putting people back to work; (Acronym here)
Recovery-WPA
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change the system so the market doesn’t crash again; (Acronym here)
Reform-FDIC
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make shift homes made out of cardboard and scrap materials
Hoovervilles
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increase size of government to deal with Great Depression
FDR policies
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made simple inexpensive cars by using the assembly line
Henry Ford
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baseball great
Babe Ruth
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most notorious gangster from Chicago who was found guilty of income tax evasion
Al Capone
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first male to fly across the Atlantic Ocean
Charles Lindbergh