New Deal Flashcards
(16 cards)
why did stock market crash
specuation, panic, buying on margain
ripple effects
Risky Loans Hurt Banks
Consumer Borrowing
Banks Runs
Bank Failure
Savings Wiped Out
Cuts in Production
Rise in Unemployment
Further Cuts in Production\
causes of great depression
farmers str5uggle, increase in consumer debt, uneven wealth, stock market crash
3 authors
Hellman, steinbeck, wright
5 entertianers
Goodman, Basie, Johnson, Dylan, Franklin
3 artists
rivera, Stuart, wood
new programs
FDIC
SEC
AAA
CCC
F.E.R.A.
CWA
HOLC
PWA
TVA
fdic
FDIC
Federal Deposit Insurance Corp
Insured bank deposits up to $5000
sec
SEC
Regulated stock market and made it safer place
aaa
Agricultural adjustment act
End over production by paying farmers to reduce
ccc
Civilian conservation corp
Provided jobs for young men building hiking trails
pwa
Public Works Administration
Built bridges, dams, gov buildings
fera
Federal emergency relief administration
Federal funds to state and local governments to help unemployed
cwa
Civil Works Administration
Provided jobs on publics work projects
holc
Home owners loan corp
Low interest rates to homeowners
tva
Tennessee valley authority
Series of dams in tennessee river valley to control floods