6.1
What is the business cycle?
The periodic growth and contraction of the economy.
What is a Hooverville?
Term used to describe makeshift shantytowns set up by homeless people during the Great Depression.
What is localism?
Policy relied on by President Hoover in the early years of the Great Depression, whereby local and state governments act as primary agents of economic relief.
What is the Wagner Act?
New Deal law that abolished unfair labor practices, recognized the right of employees to organize labor unions, and gave workers the right to collective bargaining.
What is speculation?
The practice of making high-risk investments in hopes of obtaining large profits
What is a Tenant Farmer?
A system in which a farmer paid rent to a landowner for the use of the land.
What is the Bonus Army?
Group of WW1 veterans who marched on DC in 1932 to demand early payment of a bonus promised them by Congress.
Why did labor memberships raise dramatically?
CIO
What years were the Great Depression?
1929-1941
What is the term for Dust Bowl refugees?
What was the name for the programs and legislation that was pushed by FDR during the Great Depression to promote economic recovery and social reform.
The New Deal
Why did African Americans change their allegiance to the Democratic party during the 1930's?
Why was the wealth gap a hidden economic problem in the Roaring 20's
Not enough people could afford to buy products.
How did the Great Depression affect employment in the US?
Almost one fourth of all workers across the country lost their jobs.
How did Herbert Hoover handle the Great Depression at first?
He wanted to do nothing and rely on volunteerism.
How did FDR attempt to weaken the power of the Supreme Court?
Court packing
What was John Maynard Keynes reasoning for the cause of the Great Depression?
He argued that the Great Depression could have been prevented if there was more government intervention.
How did new farming methods in the 1920s impact the Great Plains?
They altered landscapes and made the land more vulnerable to drought.
How did FDR restore the nation's confidence?
By giving fireside chats
What position did Frances Perkins have?
Secretary of Labor