regent qiz 2 Flashcards
(56 cards)
What were the differing philosophies of Herbert Hoover and Franklin D. Roosevelt regarding government intervention during the Great Depression?
Hoover believed in limited government intervention and rugged individualism, while FDR believed in direct government action to help people and the economy.
What is ‘rugged individualism’ as supported by Herbert Hoover?
The belief that individuals should succeed through their own efforts without government assistance.
What government program did Herbert Hoover create to provide loans during the Great Depression?
Reconstruction Finance Corporation (RFC)
What public works project is associated with Herbert Hoover?
Hoover Dam
How was Herbert Hoover perceived by the public during the Great Depression?
Seen as out of touch with the suffering masses, leading to nicknames like ‘Hoovervilles’ and ‘Hoover blankets.’
What was FDR’s approach to the Great Depression known as?
‘New Deal’
What were the three main components of FDR’s New Deal?
- Relief
- Recovery
- Reform
What immediate programs were part of FDR’s Relief efforts?
- Civilian Conservation Corps (CCC)
- Federal Emergency Relief Administration
What was a significant reform introduced by FDR to prevent future depressions?
Social Security Act
What was the public perception of FDR compared to Hoover?
FDR was seen as hopeful, energetic, and willing to experiment.
What key event marked the beginning of the Great Depression?
Stock Market Crash of 1929
Name two causes of the Stock Market Crash of 1929.
- Over-speculation
- Buying on Margin
What is ‘buying on margin’?
Purchasing stocks with borrowed money, requiring only a small down payment.
What was one immediate effect of the Stock Market Crash?
Massive loss of wealth and plummeting consumer confidence.
What broader economic impact did the Stock Market Crash lead to?
The Great Depression (1929–1941)
What major reforms were introduced as a result of the Great Depression?
- Banking reforms (FDIC creation)
- Stock market regulations (SEC creation)
- New Deal programs
What was the significance of the Civilian Conservation Corps (CCC)?
Provided jobs for young men on conservation projects.
Fill in the blank: The _______ aimed to reduce agricultural surpluses by paying farmers not to plant certain crops.
Agricultural Adjustment Act (AAA)
True or False: The New Deal expanded the role of the federal government in the economy.
True
What did the Social Security Act establish?
A national retirement system and provided unemployment insurance.
What was the purpose of the National Labor Relations Act (NLRA)?
Guarantees workers the right to organize unions and bargain collectively.
List two key people associated with the Gilded Age.
- Andrew Carnegie
- John D. Rockefeller
What were the key terms associated with American Imperialism?
- White Man’s Burden
- Open Door Policy
- Big Stick Diplomacy
What was the significance of the Monroe Doctrine?
Asserted U.S. influence in the Western Hemisphere.