Vocab
Large scale manufacturing done with machinery, increased supply and reduced costs is called what?
Mass Production
Secret bars where alcohol could be purchased were known as what?
Speakeasies
What is the place where people invest their money that crashed in the late 1920s?
Stock Market
A series of federal government programs designed to stimulate the economy and prevent further economic problems for the nation and individuals under President FDR were known as what?
Created by the National Industrial Recovery Act with the goal to ensure codes of fair competition in business.
National Recovery Administration- NRA
What takes place when many depositors decide to withdraw their money at one time, usually because of fear that the bank is going to collapse?
Bank Run
What were young stylish women, who were known for dancing, short skirts, make-up, and bright colors, called?
Flappers
On this day prices took the steepest dive yet. This day, almost 16 million shares of stock were sold; the stock market lost between $10 billion and $15 billion in value.
Black Tuesday
What kind of chats were radio addresses to keep the nation informed and designed to give them hope?
Fireside chats
What does the abbreviation FCA stand for?
Farm Credit Administration
What were government financed building projects also known as?
Public Works
In rural towns what was the illegal production of alcohol known as?
Bootlegging
The terrible drought that struck the Great Plains. With neither grass nor wheat to hold the scant rainfall, the soil dried to dust. This was known as the what?
Dust Bowl
What was the motto or slogan during to first 100 days of FDR's New Deal?
"Try something, try anything"
The goal of this program was to build infrastructure and put people back to work. They built highways, clearing slums, construction work in rural areas, roads, streets, buildings, parks. Writers for this program produced regional guidebooks, did oral histories, and other research.
Works Progress Administration- WPA
Americans would earn more money, and the government would collect more taxes at a lower rate than it would if it kept tax rates high, was known as what?
Supply-side economics
Cabinet member Albert Fall took $300,000 in bribes from oil companies who leased government land. Led to Albert Fall being the first cabinet member to go to jail.
Teapot Dome Scandal
How many farmers lost their land through foreclosures?
400,000
Who was known as the "Kingfish", created the "Share the Wealth" program?
Huey Long
This program created a national minimum wage and a 40 hour work week.
Fair Labor Standards Act- FSLA
What act restricted annual admission to the United States to only 3 percent of the total number of people in any ethnic group already living in the nation?
Emergency Quota Act
What was the name of the trail where Clarence Darrow defended against the fundamentalists represented by William Jennings Bryan? (Trial had to do with evolution)
Scopes Monkey Trial
How many million people were out of work and had no money to buy goods? What percent of the workforce was this?
16 million, 1/3 of the workforce
Group of advisors with three different point of views (pro-business and those who distrusted big business) created to come up with solutions to the problems the country faced were known as what?
The Brain Trust
This program was created to regulate the stock market and business with the goal to prevent fraud in the stock market.
Securities and Exchange Commission- SEC