unit 8 and 7 test Flashcards
(66 cards)
What event is considered the start of the Great Depression?
Stock Market Crash of 1929
Largely caused by speculators purchasing shares on margin with borrowed funds.
What economic issue was caused by overproduction and underconsumption?
U.S. businesses and factories were making more products than the people could buy.
What was a significant cause of the Great Depression related to income distribution?
Uneven distribution of income between the rich and poor.
Who was the President of the U.S. at the start of the Great Depression?
Herbert Hoover
What economic theory did Herbert Hoover support?
Trickle Down Economics, policies benefiting the wealthy and businesses will ultimately lead to benefits for the rest of the economy
What did Hoover believe about federal relief programs?
He believed they would destroy individual initiative.
What were Hoovervilles?
Poor communities named after President Hoover due to his refusal to provide direct federal aid.
What was the Bonus Army?
WWI veterans marching on Washington demanding payment for their services.
What was the primary goal of FDR’s New Deal?
To provide work for the unemployed.
What was the Agricultural Adjustment Act designed to do?
Increase prices of farm products by reducing farm output.
What did the Social Security Act of 1935 provide?
Support to elderly/retired citizens.
What did the Federal Deposit Insurance Corporation (FDIC) aim to restore?
Public confidence in banks.
Fill in the blank: The National Labor Relations Act is also known as the _______.
Wagner Act
What was one of the main criticisms of the New Deal by Republicans?
It spent more money than was taken in.
What impact did the New Deal have on the power of the federal government?
It resulted in the expansion of the power of the Federal Government.
What global event is believed to have ended the Great Depression?
U.S. involvement in WWII
What was the primary objective of U.S. foreign policy in the 1930s?
To avoid involvement in Asian and European conflicts.
What act signaled a shift from U.S. neutrality toward more direct involvement in WWII?
Lend-Lease Act, allowed the United States to provide vital war supplies to Allied nations
What event brought the U.S. directly into World War II?
Bombing of Pearl Harbor
What was D-Day and why was it significant?
A June 1944 invasion that opened a new Allied front in Europe.
What was the GI Bill of 1944 designed to do?
Extend educational and housing opportunities to war veterans.
What Supreme Court case upheld the internment of Japanese Americans during WWII?
Korematsu v. U.S.
What was the Fair Deal proposed by President Harry Truman?
Continuation of reforms begun during FDR’s presidency.
What principle was established by the Nuremberg Trials?
Leaders may be held accountable for crimes against humanity.