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US HISTORY 2 > great depression and the new deal > Flashcards

great depression and the new deal Flashcards

1
Q

What is GDP and how much did it drop between 1929 and 1933?

A

Gross Domestic Product (GDP) is the total value of all of the goods and services generated by the economy in a given year

It dropped 29%

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2
Q

What percentage of Americans were unemployed at the height of the Depression in 1933

A

25.2%

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3
Q

How much (in billions) did investment drop between 1929 and 1932

A

$150 billion

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4
Q

What percentage did wages drop between 1929 and June of 1933

A

21%

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5
Q

How many banks were suspended (closed) between 1929 and 1934)

A

9,812 banks

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6
Q

percentage of total US spending
Hoover’s Presidency (1929 – 1932)

A

12%

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7
Q

percentage of total US spending
The New Deal (1933 – 1939)

A

15.4%

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8
Q

percentage of total US spending
WWII (1940 – 1945)

A

35.3%

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9
Q

What percentage of total stock market value was lost between 1929 and 1932)

A

89%

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10
Q

About how many people in the South and Great Plains abandoned their homes during the Depression

A

2.5 million Americans

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11
Q

bout how many children were without schools by 1930

A

3 million

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12
Q

About how many children roamed around without parents by 1930

A

hundreds of thousands (3-6 thousand)

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13
Q

The area of devastated farmland in the Midwest is known as

A

Dust bowl

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14
Q

What three factors caused the devastation of this land

A

drought, deforestation, over farming

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15
Q

What name was given to places where wandering, homeless Americans could sleep, rest and eat (these places could be found outside cities and towns and near railroads and roads)

A

Hobo jungles

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16
Q

What name is given to inhabiting a place that has been abandoned by others

A

Squatting

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17
Q

What name is given to the practice of farming land that belongs to others in return for a percentage of the crops you grow

A

Sharecroppers

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18
Q

What is the name given to laborers that move from temporary job to temporary job

A

Migrant workers

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19
Q

What name was given to Oklahomans who left their homes and went west to find work

A

Okies

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20
Q

Who was the American photographer who put a human face on the Great Depression

A

Dorothea Lange

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21
Q

What is the name given to selling anything on the streets in order to avoid begging

A

Panhandling

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22
Q

What is a strike in which workers block the entrances in order to prevent non-striking laborers from entering the factory

A

Sit-down strikes

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23
Q

What is the name of a strike in which workers simply do not report for work

A

Walkouts

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24
Q

What is the name of a strike in which workers march in front of the factory with signs in order to get public support for their strike

A

Picketing

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25
Q

What name is given laborers who take the jobs of striking workers

A

Scabs

26
Q

What kind of work was given out on a daily basis to unemployed workers

A

Day labor

27
Q

What were the shanty towns around American cities called

A

Hoovervilles

28
Q

Where could the poor and unemployed get free meals paid for by charity groups or the government

A

Soup kitchens, bread lines

29
Q

What were the WWI vets called who marched on Washington to get their pay bonuses 10 years early

A

Bonus Army

30
Q

What were the laws that created and enforced separate facilities for American whites and blacks

A

Jim crow laws

31
Q

Closed Banks for 4 days to prevent hoarding/selling gold and silver

A

Bank holiday

32
Q

Gave FDR authority to open, close, regulate banks

A

Emergent sea banking relief act

33
Q

Abandoned monetary system:
Reason for abandonment:

A

Gold standard

More flexible and more cash to banks

34
Q

Law that created FDIC:

A

Glass Segal act

35
Q

Purpose of FDIC:

A

ensure customers bank deposits

36
Q

Purpose of Fireside Chats:

A

inform, rebuild confidence in banks and government, help americans feel more optimistic

37
Q

CCC:

A

Civilian conservation

38
Q

What did CCC do:

A

environmentalism, dust bowl fixing, planting trees

39
Q

FERA:

A

Federal emergency relief agency

40
Q

What did FERA do:

A

give block grants (money) to states

41
Q

AAA

A

Agricultural adjustment act

42
Q

What did AAA do

Why was it dismantled

A

farmers money to keep their land and grow or not grow

put burden on food processors

43
Q

TVA:

A

Tennessee valley authority

44
Q

what did the TVA do

A

dams, hydro electrical grid

45
Q

Reorganized government salaries and veteran’s payments to cut costs

A

economy act

46
Q

Legalized sale of beer and wine (less than 3.2% alcohol)

A

beer and wine revenue act

47
Q

Created laws for fair sale and trading of stocks and bonds

A

federal security act

48
Q

Helped refinance mortgages and help banks that held mortgages

A

home owners loan corporation

49
Q

NRA:

A

National recovery administration

50
Q

what did NRA do

A

FDR control over monopolies, wages, oil companies, and most of economy

51
Q

what happen to NRA

A

declared unconstitutional because it gave too much power

52
Q

PWA:

A

Public works

53
Q

what did PWA do

A

build bridges, airports,

54
Q

CWA:

A

Civil works admin

55
Q

what did CWA do

A

infrastructure work, replaced sewage systems, painting bridges, particular important during winters of 31-34

56
Q

Law that created the Securities Exchange Commission:

A

security exchange act - fair trade and stocks

57
Q

Provided loans for improving or completing new homes:

A

FHA

58
Q

Prevented utilities from buying non-utilities:

A

Public utilities holding company act

59
Q

WPA:

A

Works progress administration

60
Q

what did WPA do

A

Federal arts projects

61
Q

Social Security Act:
Three types of insurance it offered:

A

old age, unemployment, disability

62
Q

The Fair Labor Standards Act:

What did it do?

What agency enforces it?

A

created protections for workers

safety rules, labor unions, wages and hours

US HISTORY 2 (8 decks)

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