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History Test 4/22
| Question | Answer |
|---|---|
| Roosevelt Vs. Hoover "Rugged Individualism" Republican R.F.C. Bad Didn't help with depression Told everyone to get themselves through it | Hoover |
| Roosevelt Vs. Hoover "The new deal" Democrat Direct Relief Helped victims of Great Depression Created many policies to help | Roosevelt |
| What was the Dust Bowl causes and effects? | A severe, prolonged drought combined with poor farming practices-- overturning native prairie grasses that held soil in place. This led to devastating wind erosion and extreme agricultural failure, causing widespread poverty. |
| What were Okies? | poverty-stricken, migrant farmworkers—mostly from Oklahoma. Moved bc they had no work |
| Where did the Okies migrate to? Why | primarily to California, with some moving to Oregon, and Washington. They moved to CA bc they saw ads and hopes Hollywood would be a better life for them. |
| Who was Huey Long? | Huey was Louisiana's 40th governor and a U.S. Senator. |
| What is the "Share our Wealth Program? Who created it? | The Share Our Wealth program, was a plan to redistribute wealth by capping personal fortunes. It aimed to guarantee every family a minimum income, a home, funded by taxing the rich to provide for the poor. Huey Long |
| What were the 7 CAUSES of the great depression? | 1. Stock Market Crash 2. Distribution of wealth(not even) 3. agricultural not as good 4. Textile and Automotive Industries declined 5. productivity High- wages low- 6. businesses expansion declined 7. government policies hurt the people |
| What was the great stock market crash? | Hundreds of thousands of Americans were buying stock many bought on credit. |
| What were the dates on the stock market crash? | Panic developed in late October on October 24th 1929 also known as black Thursday over 13 million shares were traded on October 29th 1929 known as Black Tuesday over 16 million chairs sold it was the worst day in history of New York stock market. |
| What was the Hawley- Smoot Tariff? | It was a law that raised import duties on over 20,000 goods to record levels. It backfired causing other countries to respond with their own high retaliatory tariffs. |
| What does G.N.P stand for? What is it? | G.N.P. stands for Gross National Product. It is an economic statistic measuring the total market value of all final goods and services produced by a country's residents and businesses in a specific period |
| Who was John Maynard Keynes? | He advocated that depression written government should spend their way back to prosperity |
| What is the difference between Fiscal and Monetary policy? | Fiscal policy -total annual taxing and spending plan of the government Monetary policy- total annual money and credit plan of the government |
| What was the new deal? What were the 3 R's? | The New Deal was a series of federal programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt it aimed at Relief, Recovery, and Reform, |
| What was the "Bonus March?" | A protest by WWI veterans, families, and affiliated groups who descended on Washington, D.C., demanding early payment of promised bonuses to survive the Great Depression. |
| What does H.O.L.C stand for? | Home owners loan corporation |
| What does T.V.A stand for? | Tennessee Valley Authority |
| What does A.A.A stand for? | Agricultural Adjustment Administration |
| What does P.W.A stand for? | Public Works Administration |
| What does C.W.A stand for? | Civil Works Administration |
| What does N.R.A stand for? | National Recovery Administration |
| What does W.P.A stand for? | works progress administration |
| What does F.D.I.C stand for? | Federal Deposit Insurance Corporation |
| What does C.C.C stand for? | Civilian Conservation Corps |
| What does S.E.C stand for? | Securities and Exchange Commission |
| What is Overspeculation? | The reckless, widespread buying of stocks with borrowed money based on the assumption that prices would rise forever. |
| What were the 4 EFFECTS of the great depression? | 1.Gross nation product. 2.National income-feel by half- 3.Business failures-declined by 1455 4. Unenployment-feel by 80%- |
| What is Margin Buying? | The practice of purchasing stocks by paying a small percentage of the value and borrowing the rest from a broker, using the shares as collateral. |
| What were Hovervilles? | Poor make shift shacks that depression struck families had to live in considering they couldn't afford proper housing. |
| How did Hoover Handle the depression? | through voluntary cooperation between business and government, increased public works spending (e.g., Hoover Dam), and establishing the RFC to lend money to banks and businesses, but primarily thought individuals should handle themselves |
| How did Roosevelt handle the depression? | His "New Deal,". He stabilized the banking system, created "alphabet agencies" (e.g., WPA, CCC) to provide jobs, established social security, and implemented regulations to boost prices and aid |
| Who was in the Republican party during the election of 1932? | Hoover |
| Who was in the Democrat party during the election of 1932? | Roosevelt |
| Who pushed for direct Relief? | Roosevelt |
| Who won the Election? | ROOSEVELT |
| What was the FDIC? | restores public confidence in the banking system. It insures bank deposits (up to a certain amount per depositor, per insured bank) to protect against loss if a bank fails. |
| What is Social Security? | Social Security is a US federal program designed to provide financial protection through retirement, disability, and survivor benefits |
| What was the SEC? | protects investors, maintain fair/orderly markets, and facilitate capital formation. It regulates stock trading, enforces securities laws against fraud, and requires public companies to disclose financial information. |
| What was the AAA? | It aimed to boost falling farm prices by paying farmers to reduce production, thus limiting oversupply, and was funded by a tax on food processors. |
| What was the TVA? | provides navigation, flood control, electricity generation, and economic development to the Tennessee Valley. |
| What is Hard Money? | Hard money is a short-term, high-interest, asset-based loan used for real estate investing (e.g., fix-and-flips), focusing on property value rather than borrower credit. |
| What is Easy Money? | Easy money refers to expansionary monetary policy where central banks lower interest rates to encourage borrowing, making money cheap and easy to obtain for banks |
Created by:
K.ammon