The Great Depression and FDR Flashcards
(22 cards)
Buying on Margin
purchasing stocks with borrowed money
Causes of the great depression
Buying on Margin Stock market crash Overproduction
Discuss why the stock market
crashed
Panicked investors sold millions of shares of stock causing many to become worthless
The Great Depression
severe economic crisis
Hoovervilles
Shanty shacks made of cardboard, tin old wood
Bonus Army
WWI veterans marched on Washington demanding a bonus for fighting in the ear
The only thing we have to fear
is fear itself” Franklin
Roosevelt
Quote from Roosevelts inauguration – tried to make people confident in the economy that things would get better
Emergency Banking Relief Act Federal Deposit Insurance Corporation FDIC
Closed banks so people could not pull their money out Insured Bank Deposit
Fireside Chats
Radio speeches to help restore confidence in economy
AAA
Controlled farm prices
SEC
Regulated stock market
New Deal
Roosevelt’s program to help overcome the effects of the Depression
Civilian Conservation Corps
CCC
Clean up forests environment plant trees
Tennessee Valley Authority
TVA
Built dams
Francis Perkins
First Women member of the Cabinet
National Industrial Recovery
Act NIRA
Regulated businesses and controlled prices ruled unconstitutional
The Dust bowl
environmental disaster which hit northern Texas, Kansas and Oklahoma, caused by severe drought and soil erosion – made it difficult to farm
Oakies
People who moved from dustbowl to California
The Supreme Court and the
New Deal
Ruled the AAA and NIRA unconstitutional the president did not have the authority to control prices
Discuss the New Deal
Opponents
Conservatives believed the new deal would ruin self sufficiency
Social Security
Proved retirement money
Discuss the Court Packing Plan
Roosevelt tried to add 6 more judges
