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The Depression Vocab
vocab and questions
Question | Answer |
---|---|
a stock market with rising stock prices | bull market |
purchasing stocks on credit | buying on margin |
a stock market with declining stock prices | bear market |
economic pattern in which buinesses go through periods of prosperity and depression | buiness cycle |
the investing of money in a high risk venture in hope of making profit | speculation |
serious global ecnomic decline that began with the crash of the U.S stock market in 1929 | great depression |
group of WW1 veterans that marched on Washington D.C in 1932 to demand the immeditate payment of the government war bounses in cash | bonus army |
political system which the government control every aspect of citizens lives | totalitarism |
political theory that calls for a strong government headed by one individual and in which the state is more important then the individual | Facism |
President Franklin D. Roosevelts foregin policy of promoting better relations with Latin America by using economic influence | Good Neighbor Policy |
group of italians led by Benito Mussolini that gained power by the early 1920s | blackshirts |
National Socialist Party; political party grouped by Adolf Hitler that rose to power in Germany in the 1930s | Nazis |
military alliance formed by Italy and Germany in 1936; later joined by Japan and other countries. Fought against the allied powers during WW2 | Axis Powers |
"Night of Broken Glass" Nov 9, 1938-night when nazis killed or injured many jews and destroyed many jewish properties | Kristallnacht |
a group of expert policy advisers | Brain Trust |
in what years did the stock price increase rapidly? | 1928 + 1929 |
believed the stock prices had reached a permently high plateu | Irving Fisher |
what year was the high point of the stock market? | 1929 |
when did the stock market drop? | October 23, 1929 |
What were the two ways the crash hurt banks. | 1. banks had invested in heavily in stocks and suffered losses along with investors 2.customes also took heavy stock losses, leaving them unable to pay loans |
what happned to buinesses when banks closed? | they lost their corporate savings and operating accounts. whithout enough money to operate they closed down |
what were the two mian causes of the depression? | 1. overproduction 2. global trade problems |
who did people blame for the depression? | President Hoover |
president Frankilin D. Roosevelts program for helping the U.S ecnomy duriong the Depression | New Deal |
who was in charge of the Civil Works Adminstration | Harry Hopkins |
program developed to help the region of the Tenesse Valley, one of the poorest, least developed parts of the U.S | Tenessee Valley Authority |
what did the (TVA) do? | transformed ecnomic and social life of the region. built dams and created flood control and hydroelectric power.planted trees to prevent soil erosion |
suspend antitrust laws and elimintate unfair comperition between employers | National Industrial Recovery Act (NIRA) |
distrubet government funds to simulate the ecnomy-bulid government facitlites and highways | Public Works Adminstration (PWA) |
a cathloic preist in Detroit, wanted to nationalize all of americans wealth and natural resorce | Father Charles E. Coughlin |
an agency created to put american men and women to work | Works Progress adminstration (WPA) |
provided part time jobs to high school and college age youth | National Youth Adminstration (NYA) |
passed this to help the elderly people, disabile, children and job searchers | Social Securtity Act |
What were the three main parts of the social securtity act? | 1. created pension system for retired workers over 65 years old. 2. offered un-employed short-term cash benefits while they looked for work 3. provided payments to women with dependent children as well as people with disabilities |
who was the first female cabinet member in American History? | Frances Perkins |
made unions and collective bargaining-negoations between unions and owners legal | National Labor Relatios Act |
wanted to organize all workers in a paticular industry-skilled and unskilled into one union | Congress of Industrial Organizations (CIO) |
the day the stock market lost $9 billion by noon | black thursday |
the day the stock market crashed | black tuesday |
_________wanted to tax the wealthy and provided for the poor | Senator Huey Long |
provided relif to the needy | Federal Emergency Relif Admin. |
employed young men onpublic works projects | Civilian Conservation Corps |
regulated industry and raised wadges and prices | National Recovery Admin. |
Built government facilities and highways to simulate ecnomny | Public works adminstration |
provided jobs buliding hospitals, shcools, parks, airports and roads | Works Progress Admin. |
provided part time work to youth | National Youth Association |
what did federal project one do? | employed people in the arts |
one major cause of tension in latin america was | a lack of a large middle class |
who brought the Mexican oil industry under national control in 1938 | Laarzaro Cardenas |
Who led the blackshirts and was given complete control of Italy? | Benito Mussolini |
Italy conqured _________ in 1935 | Ethiopia |
after invading Manchuria, Japan violated the Washington Conference by building | a navy |
who formed the axis powers | italy and germany and later joined by japan |