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APUnit16_Barnette
The Great Depression
| Question | Answer |
|---|---|
| What was the first thing FDR did as President? | He closed all of the banks. "Bank Holidays". Only healthy banks were allowed to re-open. He felt that the people had to regain confidence in the banks. |
| What was the CCC? | Civilian Conservation Corps- employed 2 million young men. They planted trees and improved the environment. *remember CONSERVATION- likes forests* |
| How did Roosevelt feel about economic matters? | He thought the government should intervene and regulate where necessary. |
| How did FDR feel about regulating social issues (and behavior)? | He was liberal on this matter. |
| Who was the commanding officer who attacked the Bonus Marchers in Washington DC? | Douglas MacArthur |
| What were the causes of the great depression? | 1- Stock market crashed 2- The Federal Reserve set interest rates too high 3- the government was unable to solve economic problems 4- inequality in the distribution of wealth |
| What was the AAA? | Agricultural Adjustment Act. It paid farmers not to grow crops because they had previously overproduced. Limiting crops would make the prices of food go back up. |
| What did the SEC do? | Securities and Exchange Commission- regulated the stock market and fought against inside trading. |
| Who was Huey Long? | FDR critic who was known as the "kingfish". He was the senator from Louisiana who wanted to "Share the wealth" (socialist). |
| Who was Francis Townshend? | FDR critic who wanted more security for the elderly. He was silenced with the passing of Social Security. |
| Who was Father Charles Coughlin | FDR critic who was popular on the radio. He didn't think the New Deal did ENOUGH to help people. he was known as the "Radio Priest" |
| What were some of the programs in the 1st New Deal (1935-1937) | Public Works Administration, Civilian Conservation Crops, Tennessee Valley Authority, National Industrial Recovery Act, National Recovery Administration |
| What did the National Labor Relations Act do? | It said that every worker had the right to join a union |
| What FDR idea was highly criticized? | The Supreme Court Packing Plan. People thought it gave the government too much power. |
| What happened on October 29, 1929? | The Stock Market Crashed on Black Tuesday |
| What Presidential name influenced a slang term for homeless makeshift towns? | Hoovervilles |
| What union formed to organize the MIllions of nonunion employees info effective workers | Congress of Industrial Organization |
| What did the repatriation policy cause Mexicans to do? | It drove hundreds of thousands of Mexican immigrants out of the US |
| What did the Hawley-Smoot Tariff Act do? | Raised US tariff rates; Europeans raised their imports taxes as well. Caused a slow down in international trade. (bad for US economy). |
| What does it mean to "buy on a margin"? | stocks could be purchased by paying a percent of the price and borrowing the rest. |
| What does it mean that there was an inequality in the distribution of wealth? | The wealthiest Americans were only a small percentage of the population, yet they were the only ones getting richer. The poor were the majority, but they were not sharing in the wealth. |
| What was the Bonus Army? | They wanted their WW1 bonus early because of the Depression. They marched on Washington DC and set up tents. |
| What is the effect of raising interest rates? | When interest rates are high- people save more (in the bank). When the interest rates are low- people pull their money out of the banks and spend it. Therefore, the GD was hurt by high interest rates because people STOPPED SPENDING |
| What did the Indian Reorganization Act do? | Restored tribal ownership of land and provided federal economic-development funds. |
| what president sent in Douglas MacArthur to break up the Bonus Army? | President Herbert Hoover. (Remember- this made him even MORE unpopular- hoovervilles + bonus army = FDR elected). |
| How did FDR frequently address the American people and what were these talks called? | Radio. Fireside Chats. |
| What were programs of the SECOND new deal? | Works Progress Administration, Wealth Tax Act, Social Security Act, National Labor Relations Act |
| Who is the famous British economist who influenced the second New Deal? | John Maynard Keynes |
| What did the 20th Amendment do? | it shortened the period between presidential election and inauguration. |
Created by:
bnet02
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