Key People
Elected president in 1932
Who is Franklin Delano Roosevelt?
A federal handout given directly to the people
What is a dole?
Congress denied FDR's attempted to do this, which he claimed would make the Court more efficient
What is "pack" the Supreme Court?
Insured individual bank accounts up to $5,000, was raised to $250,000 in 2008
What is the FDIC?
(Federal Deposit Insurance Corporation)
WW1 veterans who wanted early payment of the money that had been promised to them
Who is the Bonus Army?
Sitting president when the stock market crashed
Who is Herbert Hoover
Spending more money than is received in income
What is deficit spending?
Provided 3M young men jobs planting trees, building roads, and developing parks.
What is the Civilian Conservation Corps (CCC)?
Eliminated competition b/w businesses who agreed to follow government regulations and codes
What is the NRA?
(National Recovery Administration)
Unemployment rate by 1933
What is 1 in 4? (25%)
Retired doctor from CA who proposed a pension for people over 60 years of age
Who was Francis Townsend
Someone who rode the rails in an effort to escape their troubles and search for jobs elsewhere
What is a hobo?
Opponents of the New Deal expressed great concern about the rapidly increasing ______________
What is national debt?
Built 30 multipurpose dams, provided electricity in 7 states along a river
What is the TVA?
(Tennessee Valley Authority)
Year the economy experienced another sharp decline
What is 1937?
Roman Catholic priest who proposed the gvn't take over the nation's banks and RR
Who was Charles Coughlin
Highest tariff ever placed on foreign competition in an effort to protect American industries
What is the Smoot-Hawley Tariff?
Defenders of the New Deal argued this as its greatest achievement.
What is restoring people's faith and confidence in America?
Employed over 8M people in a variety of public works projects, to include actors, authors, and artists
What is the WPA?
(Works Progress Administration)
Date the stock market crashed
What is October 29, 1929?
LA politician who promised a minimum annual income to every family under his "Share Our Wealth" program
Who was Huey Long
A financial transaction that carries a considerable risk of losing value but also holds the potential for significant gain.
What is speculation?
Believed the government was:
-not doing enough to end the Depression,
-should own certain industries
-should provide people with a guaranteed income.
Who were the liberals?
Loaned $$ to businesses & banks for projects to create jobs under President Hoover
What is the RFC?
(Reconstruction Finance Corporation)
3 groups of voters who played a significant role in FDR's reelection in 1936
Who were union members, African Americans, and the poor?