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20 Cards in this Set
- Front
- Back
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babson break |
Roger Babson warned that the stock market was headed for a crash. Stock market reacted and fell for one day |
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unemployment rate in 1932 |
25% |
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Black Tuesday |
single worst day in the history fo the stock exchange |
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poverty line in the 1930s |
$2000 per year |
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Hoover's strategy for fixing the economy |
asking businesses and farmers to voluntarily keep prices and wages up while removing excess crops; ultimately failed |
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Smoot-Hawley Tariff |
raised cost of imported goods, but other countries did the same and basically destroyed international trade |
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Bonus Army |
protest movement of WWI veterans in 1932 demanding early payment of service bonuses |
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New Deal |
programs and legislation developed during FDR's administration aimed at ending the Great Depression |
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Bank HOliday |
closing all banking before more banks could get into trouble |
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run on a bank |
large number of withdrawals |
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fireside chats |
FDR's speeches broadcast over the radio used as morale booster and explaining complex issues and programs in the colloquial |
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Emergency Banking Act |
some banks were deemed safe to open after the shutdown, the rest were permanently liquidated |
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Glass-Steagall Act |
created the Federal Deposit Insurance Corporation, guaranteeing bank deposits and separating commercial and investment banking |
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Brain Trust's main idea on fixing the depression |
raise farm income and industrial wages so more Americans could buy more of what hte nation could produce |
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Volstead Act |
legalize and tax beer |
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Civilian Conservation Corp |
new deal agency where young men worked in rural camps planting forests and stuff |
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Agricultural Adjustment Act |
shore up farm prices |
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Black Sunday |
storm in the midwest that took 300000 tons of soil from the Great Plains and deposited it somewhere else |
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Okie |
when people left hte midwest, many went to california, and everyone assumed they were from oklahoma; derogatory term |
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Works Progress Administration |
artists and actors and stuff were given government-funded arts jobs to keep morale up |
