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Level 421

Great Depression & New Deal

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Causes of the Great Depression
factories and farms produce more Goods than people can buy.
buying on margin
practice that allows people to buy stock with a down payment of a portion of the value
public works
projects built by the government for the public
Work Progress Administration: Massive work relief program funded projects ranging from construction to acting; disbanded by FDR during WWII
Truth-in-Securities Act
Regulates the stock market, it requires companies traded on Stock Market to register with the federal government and disclose their financial statements and other activities
bank holiday
Presidential closing of banks four days during the Great Depression to help recover
Hundred Days
first hundred days of Franklin D. Roosevelt's presidency
Dust Bowl
a severe drought that struck the region. Heavy windstorms descended, transporting the dust in dense black clouds. These "black blizzards" were so dark that livestock were sometimes fooled into thinking that night had fallen.…
Roosevelt during the Depression and WWII. He instituted the New Deal. He was the only president in U.S. history to be elected to four terms
Attempted to combat the Depression through national economic planning by establishing and administering a system of industrial codes to control production, prices, labor relations, and trade practices among leading business interests; ruled unconstitutional by the Supreme Court in 1935
Agricultural Adjustment Administration: attempted to regulate agricultural production through farm subsidies; ruled unconstitutional in 1936; disbanded after World War II
(Tennessee Valley Authority Act) Relief, Recover, and Reform. one of the most important acts that built a hyro-electric dam for a needed area.
Franklin D. Roosevelt
32nd US President - He implemented the New Deal programs to help the nation out of the Great Depression, and he was the nation's leader during most of WWII
Eleanor Roosevelt
Outraged by the barring of Marian Anderson, this woman resigned from the DAR in protest
Reconstruction Finance Corporation
Frances Perkins
Secretary of Labor under the Roosevelt administration, she was the first woman cabinet member.
Harold Ickes
Interior Secretary under the Roosevelt administration. He organized liberal Republicans for Roosevelt in 1932.
Civilian Conservation Corps
Federal Emergency Relief Act
Harry Hopkins
Head of the Federal Emergency Relief Act program.
National Labor Relations Act (Wagner Act)
Protected workers' rights: 1. to collective bargaining. 2. by banning unfair labor
Social Security Act
1. gives money to retirees, the unemployed, people with disabilities, and families with dependent children
Farm Security Administration
Fair Labor Standards Act
Banned child labor and set a national minimum wage.
Congress of Industrial Organizations (C.I.O)
2 million member association of industrial unions including the autoworkers.
Fix unemployment and poverty
Bring back faith in the banks and economy
Fix the problems that caused the Great Depression
Bonus Army
veterans who marched to Washington in 1932 to demand immediate payment of a World War I bonus
Hawley-Smoot tariff
It was a 1930's import tax, the highest in history of the U.S. designed to keep out cheaper European goods.
Glass-Steagall Act
(Banking Act of 1933) - Established the Federal Deposit Insurance Corporation and included banking reforms, some designed to control speculation. Repealed in 1999, opening the door to scandals involving banks and stock investment companies.
deficit spending
1. spending more money than it collects in taxes (this results in government debt)
Huey Long
took money from the rick and shared it with the poor, created "Share the Wealth" program but he assassinated at the height of fame
National Youth Administration
New Deal coalition
were the voters from different groups (Southern whites, city people, African Americans, and union workers) that supported Roosevelt because of the New Deal.
Congress of Industrial Organization (CIO)-labor organization formed by industrial unions.