Great Depression and FDR

Question 1

Buying on margin

Answer 1

Paying with credit

Question 2

AAA

Answer 2

Agriculture Adjustment Act, 1933 - Payed farmers not to farm to stop overproduction: Relief, Recovery

Question 3

Hoovervilles

Answer 3

Nickname for shantytowns

Question 4

Federal Reserve

Answer 4

Federal banking authority

Question 5

CCC

Answer 5

Civilian Conservation Corps, 1933 - Cut down unemployment through manual labor: Reform

Question 6

margin call

Answer 6

Demand by brokers that investors pay back loans made on stocks purchased by margin

Question 7

Dust Bowl

Answer 7

Southern plains damaged by drought and duststorms

Question 8

EBA

Answer 8

Emergency Banking Act, 1933 - A National Bank Holiday to get more money to banks: Relief

Question 9

Causes of Great Depression

Answer 9

1. Unequal distribution of wealth 2. High tariffs and war debt 3.Overproduction in industry 4. Farm overproduction 5. Election: Hoover v. Smith 6. Federal Reserve monetary policy 7. Stock Market crash

Question 10

Tariffs

Answer 10

A tax on imports or exports

Question 11

FDIC

Answer 11

Federal Deposit Insurance Corporation, 1933 - Insures money in the banks: Reform

Question 12

FHA

Answer 12

Federal Housing Administration, 1934 - Ensured house loans and mortgages: Recovery, Reform

Question 13

Bank Holiday

Answer 13

FDR closed the banks to get them more money so people would trust in them again

Question 14

Social Liberalism

Answer 14

an ideology that believes the state should establish rules and regulations to extend personal rights and freedoms

Question 15

2nd new deal

Answer 15

Open criticism, reform, social security

Question 16

Volstead Act

Answer 16

Legalize and tax alcohol

Question 17

NLRB

Answer 17

National Labor Relations Board, 1934 - Enforces that companies cannot enforce bans on employees protesting: Reform

Question 18

Court packing

Answer 18

FDR’s plan to add new justices to the supreme court that were in favor of the New Deal

Question 19

Fireside chats

Answer 19

FDR shared with the nation what was happening over radio

Question 20

NRA

Answer 20

National Recovery Administration, 1933 - set minimum wages and working hours

Question 21

Herbert Hoover

Answer 21

The president during the stock market crash; lassez faire approach to govt

Question 22

NYA

Answer 22

National Youth Administration, 1935 - Provided work and education to people ages 6-25: Reform

Question 23

Default

Answer 23

Failure to pay

Question 24

Unequal distribution of wealth

Answer 24

rural poverty, credit, wealth gap, no savings

Question 25

Bonus Army

Answer 25

WWI veterans who wanted their promised bonus early

Question 26

REA

Answer 26

Rural Electrification Administration, 1935 - Provide electricity in rural areas: Relief, Reform

Question 27

High tariffs and war debt

Answer 27

Europe owed US money but couldn't pay

Question 28

Overproduction

Answer 28

Factories produced products but no one was buying so were forced to lay people off, farm incomes dropped due to overproduction

Question 29

FDR

Answer 29

32nd president, helped the American people out of the great depression

Question 30

SSB

Answer 30

Social Security Board, 1935 - Provided funding for sick, disabled, elderly: Reform

Question 31

Election: Hoover v. Smith

Answer 31

Govt. did not get involved in economy in the past

Question 32

TVA

Answer 32

Tennessee Valley Authority, 1937 - Built dams, etc. in south: Relief, Recovery

Question 33

Federal Reserve Monetary Policy

Answer 33

Created to stabilize economy, manipulates money supply to strength economy, did not help banks

Question 34

Stock Market Crash

Answer 34

October 1929, over priced stocks, no safety net, massive fraud, margin buying

Question 35

WPA

Answer 35

Works progress Administration, 1935 - Jobs for people who couldn't find them, built hospitals, schools

Question 36

Constitutionality of New Deal

Answer 36

Believed FDR had too much power, the govt was taking too much control

Question 37

Bank runs

Answer 37

when a large number of customers withdraw their deposits at the same time

Question 38

American Liberty League

Answer 38

political organization formed in 1934 by conservative democrats to oppose new deal and FDR's election

Question 39

Relief, Reform and Recovery

Answer 39

FDR's objectives with his New Deal

Question 40

Safety nets

Answer 40

For the economy

Question 41

First hundred Days

Answer 41

15 major bills, closed banks, fireside chats

Question 42

Eleanor Roosevelt

Answer 42

Independent, humanitarium

Question 43

Huey Long

Answer 43

Opposer to FDR, Radical populist

Question 44

1st New Deal

Answer 44

Domestic programs implemented by FDR to help the US recover, relief , Recovery, increased govt. responsibility of Am. welfare