World War I A
Fought from 1914 to 1918, involving most of the world's major powers, and had trench warfare, poison, gas/tanks, resulting in over 16 million deaths
World War I
Prohibited “the manufacture, sale, or transportation of intoxicating liquours”, but not the consumption, private possession, or production for one's own consumption.
What is "The 18th Amendment"?
Borrowing money from a broker to purchase stock, which allows you to buy more stock than you'd be able to normally.
Who is Buying on margin/credit?
The Great Migration of 1910-1920 refers to the movement of African Americans from the South to ____________________.
What are northern cities?
The Securities and Exchange Commission (SEC) is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.
What is SEC?
Early US 20th-century history with a widespread fear of far-left movements, also Bolshevism and anarchism, based on real and imagined events; real events included the Russian 1917 October Revolution and anarchist bombings in the U.S
The Red Scare of the 1920’s
Between 1916 and 1970, the largest movements of Black Americans ( six million) in United States history from Cotton Fields in the South to industrial cities in the West and North, due to the promise of non-agricultural work, higher wages, educational opportunities, and an escape from racial violence.
What was "The Great Migration?"
Refers to the unequal distribution of assets in a group of people; due to systemic racism, Whites have more wealth than blacks.
What is Unequal distribution of wealth?
The practice of denying people access to credit because of where they live, even if they are personally qualified for loans. Systemic racism in the US targeted many blacks with this policy.
What is Redlining?
True or False: People suffering from the economic effects of the depression used entertainment such as movies, sports and radio to overcome.
True
The scientifically inaccurate and unethical theory of “racial improvement” and “planned breeding.
What is Eugenics?
The theory that individuals who consume goods and services in large quantities will be better off, and it would stimulate production and economic growth.
What is Consumerism?
In September, 1929, stock prices began to fall, and by October, they “crashed.” This meant that people's stocks were now worth almost nothing.
What is "The Stock Market Crash of 1929"?
known as FDR, was an American statesman and politician who served as the 32nd president of the United States from 1933 until his death in 1945. A Democrat, only one that serve more than two terms, bringing hope, helping Americans regain faith in themselves; his quote “The only thing we have to fear is fear itself”.
Who is Franklin Delano Roosevelt?
True or False: The goal of many New Deal programs, referred to as the "3 R's": Relief for the needy, economic recovery and financial reform of the financial system, was to bring about depression.
False
Western Society and Western Culture saw a period of rapid economic growth and social change in music and fashion (Harlem Renaissance, Flappers Prohibition).
What were the Roaring 20s?
The excess of production over consumption, specific to capitalist economies, like the US, which saw economic collapse.
What is Overproduction?
This period saw a severe global economic downturn that affected the US and many Industrial countries across the world, due mainly to the stock market crash.
What is "The Great Depression"?
It was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1938.
What is "The New Deal"?
True or False: A rise in organized crime associated with the illegal production and sale of alcohol, an increase in smuggling, and a decline in tax revenue, were the unintended consequences of prohibition.
True
A social movement promoting self-restraint or complete abstinence from consumption of alcoholic beverages.
What is The Temperance Movement?
An economic theory of recession and stagnation, because consumers purchase goods and services at levels falling below the available supply.
What is Underconsumption?
The name is given to the drought-stricken southern plains region of the United States, which suffered severe dust storms in the 1930s that killed people, livestock, and caused crops to fail.
What is "The Dust Bowl"?
The Federal Deposit Insurance Corporation (FDIC), created by the Banking Act of 1933, enacted during the Great Depression to maintain stability, and restore trust in the American banking system.
What is FDIC?
The drought did not hit farmers on the Great Plains the hardest, and forced them to seek government assistance.
False