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The Great Depression Flashcards

The Great Depression Flashcards
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The Second New Deal
The FDR administration's more conservative effort at passing legislation that focused on the elderly and redistributing the wealth. For example, the Social Security Act and the Wealth Tax Act.
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National Labor Relations Act
Also known as the Wagner Act, this part of FDR's New Deal legislation proposed the opportunity for every worker to join a union. The legislation also created the National Labor Relations Board.
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Tennessee Valley Authority Act
An important piece of legislation from the FDR administration that developed the Tennessee Valley region by building hydroelectric dams, improving river transportation and developing industry.
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Bank and stock market regulation
FDR's administration attempted this through the following acts: The Economy Act, the Emergency Banking Act, the Glass-Steagall Act and the Securities Act.
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Public Works Administration
Enacted by the FDR administration, this was designed to offer employment to Americans by authorizing federal funding for national infrastructure repair and construction.
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Bonus Army
This group of veterans from WWI demanded that the federal government pay the $1,000 pension authorized to them in 1924. Their protest and treatment resulted in criticism of Hoover.
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Court-packing plan
FDR's attempt to only add Supreme Court justices who were aligned with his New Deal legislation.
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The Dust Bowl
Overproduction of the land and a massive drought led to excessive dust and debris causing a disaster for farmers in the mid-west and forcing them to move west.
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1929 stock market crash
This major financial failure marked the beginning of the Great Depression. Stock prices collapsed, industrial output contracted, and unemployed grew to 25%. Effects lasted from 1929-41.
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Use of credit in the 1920s
Consumers relied on credit in the 1920s to pay for expensive industrial goods that otherwise could not be afforded. Consumers' inability to pay the associated costs contributed to the crash.
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21 cards in set

Flashcard Content Overview

After experiencing one of the most significant economic plights in modern history, the United States managed make several valiant efforts at restoring the nation's economic stability. Through the New Deal, the Second New Deal, and several other key pieces of legislation, two presidents made significant strides in restoring the United States and its people to a better life. Learn about what contributed to the stock market crash of 1929, how President Roosevelt attempted to remedy this financial disaster, and what positive and negative outcomes resulted from this economic reconstruction period.

Front
Back
Use of credit in the 1920s
Consumers relied on credit in the 1920s to pay for expensive industrial goods that otherwise could not be afforded. Consumers' inability to pay the associated costs contributed to the crash.
1929 stock market crash
This major financial failure marked the beginning of the Great Depression. Stock prices collapsed, industrial output contracted, and unemployed grew to 25%. Effects lasted from 1929-41.
The Dust Bowl
Overproduction of the land and a massive drought led to excessive dust and debris causing a disaster for farmers in the mid-west and forcing them to move west.
Court-packing plan
FDR's attempt to only add Supreme Court justices who were aligned with his New Deal legislation.
Bonus Army
This group of veterans from WWI demanded that the federal government pay the $1,000 pension authorized to them in 1924. Their protest and treatment resulted in criticism of Hoover.
Public Works Administration
Enacted by the FDR administration, this was designed to offer employment to Americans by authorizing federal funding for national infrastructure repair and construction.
Bank and stock market regulation
FDR's administration attempted this through the following acts: The Economy Act, the Emergency Banking Act, the Glass-Steagall Act and the Securities Act.
Tennessee Valley Authority Act
An important piece of legislation from the FDR administration that developed the Tennessee Valley region by building hydroelectric dams, improving river transportation and developing industry.
National Labor Relations Act
Also known as the Wagner Act, this part of FDR's New Deal legislation proposed the opportunity for every worker to join a union. The legislation also created the National Labor Relations Board.
The Second New Deal
The FDR administration's more conservative effort at passing legislation that focused on the elderly and redistributing the wealth. For example, the Social Security Act and the Wealth Tax Act.
Hooverville
This name was given to the cardboard and scrap metal homes that families were forced to inhabit due to foreclosure and eviction to show contempt for President Hoover.
Poll tax
This required a payment in order to vote or serve on a Southern jury, resulting in juries being predominately white and issuing severe penalties to African American's found guilty.
Herbert Hoover
This president encouraged people to work together, established protective international tariffs, and issued a temporary halt on loan payments following WWI.
Opposition to Hoover
This was expressed through homeless and unemployed individuals displaying their pockets inside-out, known as the 'Hoover flag' and many liberals joining the Communist Party.
The New Deal
15 pieces of important legislation passed by the FDR administration in an effort to recover from the Depression. It's focus was on curbing production and supply and demand.
Agricultural Adjustment Act
This act strived to curb production by paying farmers to farm less land. It was unsuccessful because it failed to account for sharecroppers and made agriculture dependent on the government.
Senator Huey Long on ending the Great Depression
Senator Long believed that the Depression could not be ended through the expansion of the federal government but by redistributing wealth from the top.
Rev. Charles Coughlin
This individual desired social justice and wanted aspects of the New Deal to be placed into the hands of the people.
The Townsend Plan
Devised by Francis Townsend, this advocated for every senior citizen to be granted $200 a month.
Social Security Act
This program aimed to provide welfare funds for the elderly and the impoverished and remove the elderly from the work force by offering a financial aid package.
Isolation to Intervention
This was President Roosevelt's main aim for foreign policy, believing that many of the issues within the United States could be solved through a strong international agenda.

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