Great Depression/ New Deal Flashcards
(21 cards)
Farmers in the 1920s
Overused fields
New tactic of farming that was bad for the soil
Huge droughts led to huge dust storms in the midwest
This caused farmers to move from their fields to other states
-Became known as Okies because a lot were from Oklahoma
-Many moved to California
Social security
Provides benefits like pensions, unemployment insurance, and welfare
The goal was to create a savings plan for everyone, mainly meant for elderly retired people
The shining light of the new deal
Excluded minorities
Excluded farmers and domestic workers
It failed to cover nearly two-thirds of African Americans
Crash, Breadline
People who couldn’t afford food were supplied with free dinners
Bonus Army
Group of WWI veterans who were promised bonuses in 1945
They wanted it early due to the depression which led them to protest
Hoover, Hoovervilles
Groups of homeless people built makeshift shacks in groups of up to 10,000
Trickle Down economy
Groups of homeless people built makeshift shacks in groups of up to 10,000
New Deal (FDR)
FDR’s set of laws, organizations, and rules set to reform the country economically
FDR
Roosevelt directed the federal government during most of the Great Depression, implementing his New Deal domestic agenda in response to the worst economic crisis in U.S. history. He built the New Deal Coalition
Fireside chats
FDR utilized the media to make inspirational speeches on how his programs will reform the economy
CCC
Public relief program whose objective was to give young men environmental projects
The job was for men to protect national parks and the environment
Regarded by many as the most effective of the New Deal Agencies
Wants to attack the people riding the rails to give them direct aid and jobs
TVA
Tennessee Valley Authority was a reform act that was made to improve the Tennessee rivers’ flooding and navigability, and mainly used to provide cheap electricity to the public from the government
FDIC
A reform that was established to guarantee people that if they invest in a bank and it fails, they will be able to get their money back one way or another
Your insured money is protected
FHA
Home loans were put out at discounted rates
Increased homeownership to low and middle-class people
Provided housing
Gave homes at discounted rates
NRA
Had a goal to eliminate unfair trade practices, reduce unemployment, establish minimum wages and maximum hours, and guarantee the right of labor to bargain collectively
Deemed “Unconstitutional” because it put too many regulations on business
Bank Holiday
A week shut down of all the banks done by FDR
intended to cease bank failures and restore trust in the financial systems
SEC
Reform that specifically dealt with stock market rules and their enforcement
They want to safeguard investors and eventually boost the stock market to boost the economy
Still up and running today
Huey Long
Thought the New Deal is too conservative
Most powerful man in Louisana
He appealed to the poor farmers
Argued there should be limits on how much a man should make, the rest would be dealt out to the rest of the poorer families
“Share the wealth” clubs popped up because of hit motto
Welfare State
State that is committed to providing basic economic security for its citizens
Protecting them from market risks associated with old age, unemployment, accidents, and sickness
FDR reforms
AAA
farmers were paid to limit the production of their crops
Father Coughlin
Believed that more needed to be done and he broadcasted this to the public
