History Final - 1920s and Great Depression Flashcards
(23 cards)
Al Capone
Al Capone “I am simply a businessman providing a service to a thirsty public” uses force to make people buy his illegal liquor
Teapot Dome Scandal
corruption in politics
accepting bribes from oil companies in exchange for exclusive rights to drill for oil on federal land.
Harlem Renaissance
Literary and artistic movement celebrating African American Culture
18th Amendment
Prohibition - can’t sell or consume alcohol
Who were the Presidents in the 1920s?
Harding – crooked – Friends known as the Ohio Gang were corrupt - Teapot Dome Scandal
Calvin Coolidge – Laissez Faire “ The business of America IS business”
Herbert Hoover – President during the stock market crash
All 3 Republican presidents, de-regulated the economy and pushed for expansion of business
F. Scott Fitzgerald
Novelist - Great Gatsby
The Great Gatsby
“the great American novel.
Set in Jazz Age New York, it tells the story of Jay Gatsby, a self-made millionaire, and his pursuit of Daisy Buchanan, a wealthy young woman whom he loved in his youth.
19th Amendment
Women’s right to vote
Can’t discriminate because of sex
Trickle Down Economics
Franklin D Roosevelt
Secretary of the Navy
Polio cripples him at age 37, he will spend most of his presidency in
wheelchair.
The New Deal
FDR’s 1st inaugural address
Tone of confidence Fireside Chats
A program designed to alleviate the problems of the Great Depression
Comes from a speech during Roosevelt’s campaign in which he promised “a new deal for the American people.
Tennessee Valley Authority
TVA
Built dams for hydro power
Solve for flooding, providing electricity to homes and businesses, and replanting forests
Social Security Act
Provided a pension for retired workers and their spouses and aided people with disabilities
Federal Deposit Insurance Corporation
FDIC - Protected Bank deposits
($5,000)
Protect bank depositors and ensure a level of trust in the American banking system
Works Progress Administration
WPA - Artists
Civil Works Administration
CWA - construction jobs
Agricultural Adjustment Act
(AAA)) Provided subsidies to farmers in exchange for reducing their production of certain crops.
What were the goals of the New Deal
- Relief for the needy, unemployed, hungry, and poor
- Economic development to end depression
- Financial reform to change the banking system
Black Tuesday
A. The bottom falls out of the stock market
B. Americans frantically attempted to sell off their stock before
prices plunged even lower
C. A record 16 million shares are dumped
Fireside Chats
FRD radio broadcasts
Second New Deal
While the First New Deal focused largely on stemming the immediate suffering of the American people, the Second New Deal put in place legislation that changed America’s social safety net for good.
included Social Security, the National Labor Relations Act (“Wagner Act”), the Banking Act of 1935, rural electrification, and breaking up utility holding companies.
