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Sheet #13
1928-1938 (Grade 11)
| Question | Answer |
|---|---|
| Stock | A portion of the ownership of a corporation. A share in a corporation gives the owner of the share a stake in the company profits. |
| Speculation | Involvement in a risky business transaction in an effort to make a quick or large profit. |
| Buying on Margin | The purchasing of stocks by paying only a small percentage of the price and borrowing the rest.(CONSIDERED ONE OF THE MAJOR CAUSES OF THE STOCK MARKET CRASH) |
| Demand | Refers to how much of a product or service is desired by buyers |
| Supply | Represents how much the market (seller) can offer |
| Black Tuesday | October 29, 1929 the day the stock market crashed. |
| Stock Market Crash of 1929 | This date is considered to be the beginning of the Great Depression. (NOT THE ONLY CAUSE) |
| Dust Bowl | Region of land extending from Texas to N. Dakota was made worthless due to drought and over production. |
| The Grapes of Wrath | John Steinbeck wrote a novel in 1939 about and okie lifestyle and the journey to California .(DUST BOWL REFUGEES) |
| Rugged Individualism | American philosophy observed by President Hoover. Opposing direct relief and government hand outs. |
| Patman Bill | Would immediately pay the value the value of bonuses promised to WWI soldiers for service. |
| Bonus Army | Group of unemployed veterans that marched on Washington to demand a promised bonus. The group was gassed in a decision by Hoover in order to remove the crowd. |
| 21st Amendment | Repealed 18th amendment and made the sale,distribution, and consumption of alcohol legal. FINANCIALLY MOTIVATED |
| Bank Holiday | FDR closed all Banks in order to prevent further withdrawals. (AMERICANS NEED TO REGAIN CONFIDENCE IN THE BANKS) |
| Fireside Chats | Series of speeches conducted over the radio by FDR directly to the American public in order to reduce fear and uncertainty about the current situation. |
| New Deal | Set of programs and policies designed to promote economic recovery and social reform. EXPANDS POWER OF THE GOVERNMENT |
| Civilian Conservation Corps CCC | Provided jobs for single males on conservation projects. |
| Federal Emergency Relief Act FERA | Helped states provide aid for the unemployed |
| Civil Works Administration CWA | Provided Federal Jobs |
| Public Works Administration PWA | Created jobs on government projects meant to stimulate economy |
| Emergency Banking Relief Act EBRA | Investigators reviewed banks and only allowed the fiscally sound the OK to reopen |
| Federal Deposit Insurance Corporation FDIC | Insured bank deposits up to $5000 |
| National Recovery Administration NRA | Established codes of fair competition and set guidelines for a minimum wage |
| Securities and Exchange Commission SEC | Supervised the country's stock practices. |
| Agricultural Adjustment Act AAA | Aided farmers and regulated crop production. (PAID FARMERS TO UNDER PRODUCE CROPS) |
| Tennessee Valley Authority TVA | Developed the resources of the Tennessee Valley (BRIDGES & DAMS) |
| Home Owners Loan Corporation (HOLC) | Loaned money at low interest to homeowners |
| Federal Housing Administration (FHA) | Insured loans for the building and repairing homes. |
| New Deal Criticisms | Government was getting to big/FDR was becoming too powerful and a king like/Government was too involved in the free market economy |
| Father Charles Coughlin | (NEW DEAL CRITIC) radio show reached to an audience of 40 million. He opposed Roosevelt and believed Americans needed a guaranteed income. |
| Dr. Francis Townsend | (NEW DEAL CRITIC) Physician. He opposed Roosevelt because he believed he wasnt doing enough to help elderly and poor. DEVISED A PENSION PLAN THAT WOULD PROVIDE BENEFITS TO ELDERLY. |
| Huey Long | (NEW DEAL CRITIC)Senator. Proposed a nation wide share our wealth program. |
| Wagner Act | National labor relations act. Established a labor board to settle disputes between employees and employers |
| Fair Labor Standards Act | Established a minimum wage and maximum number of hours in the work week. |
| Schlechter Poultry Corp v. United States | deems NIRA/NRA unconstitutional..gave legislative powers to executive branch |
| Social Security Act | Provided pension for elderly and people with disabilities |
| United States v. Butler | deems AAA unconstitutional. Agriculture is a state matter and shall be regulated by the states not the federal government. |
| Second New Deal | Had a stronger focus on social reform |
| Court Packing Bill | FDR was not happy with supreme court and proposed a bill that Congress reorganize the Judiciary allowing him to appoint six more justices. PEOPLE WERE OUTRAGED |
Created by:
Mr.Callahan
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