Term
Stock Market Crash 1929
Factor leading up to: |
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Definition
| *Margin buying, prices did not continue rising, Dow lost 38 points and panic trading began. |
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Term
Stock Market Crash 1929
Government reaction to it |
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Definition
| *Downplayed the impact of Wall Street's woes. *Did not expect depression. *Hoover ignored truth of the Depression. |
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Term
| President's Organization for Unemployment Relief |
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Definition
| *Encourage local groups to raise money to help the unmeplowed. *Hoover, 1931 |
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Term
Reconstruction Finance Corporation
Not Finished |
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Definition
| *Hoover, 1932. *Based on the War Finance Corporation of WWI. *Designed to make government credit available to ailing banks, railroads, insurance companies, and other businsses, thereby stimulating economic activity. |
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Term
Stock Market Crash 1929
Results of |
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Definition
| *Great Depression and Mass unemployment |
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Term
| Agriculture problems during Depression |
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Definition
| *Dust Bowl *falling prices *exhausted soil |
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Term
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Definition
| *Strong supporters of the New Deal. *Strong influence in WPA and leaders in CIO unionizing drives. *General Motors sit-down strike. *Some 3,200 Americans voluteered for the CP-organized Abraham Lincoln Brigade, which fought in the Spanish civil war on the republican side against the fascists led by Francisco Franco. *Dedication and Effectiveness. |
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Term
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Definition
| *Combined frank portrayal of pain and suffering with a faith in the possibility of overcoming disaster. |
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Term
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Definition
| *Grapes of Wrath 1939. *sympathetically portrayed the hardships of Oklahoma Dust Bowl migrants on their way to California. |
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Term
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Definition
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Term
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Definition
| *Make-shift towns for poor and homeless. |
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Term
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Definition
| *Group of key advisors who would follow FDR to Washington. *Shared a faith in the power of experts to set the economy right and a basic belief in government business cooperation. They rejected the old progressive dream of re-creating an ideal society of small producers. Structural economic reform must accept the modern reality of large corporate enterprise based on mass-production and distribution. |
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Term
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Definition
| *An improvised series of reform and relief measures, some of which seemed to contradict eachother. *Focused on reviving both the industrial and agricultural sectors of the economy along with providing emergency relief for the umemployed. |
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Term
| Agricultural Adjustment Administration |
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Definition
| *Provide immediate relief to the nation's farmers. *Established a new federal role in gricultural planning and price setting and established parity pricing. *Principle of subsidy-received benefit payments in return for reducing acreage or otherwise cutting production. *Raised income and prices of wheat, cotton, and corn. |
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Term
| National Industrial Recovery Act |
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Definition
| *Self-regulating industrial codes to revive economic activity. |
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Term
| National Recovery Administration |
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Definition
| *Stimulate production and competition in business by means of industrial codes regulating prices, outpu, and trade practices. *Theory-each industry would be self-governed by a code hammered out by representatives of business, labor, and the consuming public. *Reality-codes were written by the largest firms in any given industry, labor and consumers got short shrift. |
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Term
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Definition
| *four-day bank closure to shore up the country's ailing financial system. |
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Term
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Definition
| *1944. *Upheld the constitutionsality of relocation on grounds of national security. |
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