Causes of GD
October 29, 1929; largest dip in stock market.
What was Black Tuesday?
The biggest group of homeless people living in makeshift homes.
What was the St. Louis Hooverville?
Series of evening radio addresses given by FDR during his presidency, meant to keep Americans in the know and make him approachable
What were fireside chats?
Gave outdoor work to unemployed men between the ages of 17-29; built national parks and federal highways.
What was the CCC?
32nd president of the United States; implemented the New Deal; developed Polio
Who was FDR?
People saw that others were taking their funds out of the bank, so everyone rushed to the banks to withdraw as well
What were Bank Runs?
A period of severe dust storms that greatly damaged the ecology and agriculture of the American and Canadian prairies during the 1930s
What was the Dustbowl?
Effort to stop bank failures and ultimately restore confidence in the financial system put in place by FDR at the beginning of his presidency
What was Bank Holiday?
Brought industry, labor, and government together to create codes of "fair practices" and set prices.
What was the National Relief Administration (NRA)?
Majorly responsible for the inclusion of African Americans and women in the New Deal
Who was Eleanor Roosevelt?
A way of investing in the stock market in which one only pays a portion of the price; caused excess inflation to price of stocks: less people could afford. (Artificial Business Value)
What was buying on margin?
Workers who refused to leave their workplace in an act of protest.
What were sit-in strikes?
Proposed increasing the Supreme Court from 9 to 15 members, caused revolt in the Democratic party because it would give the executive branch too much power
What was the Court Packing Plan?
What was the Agricultural Adjustment Act (AAA)?
Claimed that the New Deal was not doing enough; wanted to share the wealth; suggested that people who make over $5 million a year get their money taken away and given to those in need
Who was Huey Long?
An economic policy with Europe that placed tariffs on imports; backfired: Europe put tariffs on us too.
What was the Smoot-Hawley Tariff?
Neighbors would gather in large numbers at the auction and place bids of only a few pennies, while intimidating anyone who attempted to bid competitively
What were Penny Auctions?
The three R's of the new deal: provide jobs, prevent foreclosure; get the economy back in high gear; regulate banks, and conserve farm land
What are relief, recovery, and reform?
What was the US Housing Authority?
Who was Al Capone?
Caused the first industry in the US to hit a recession
The US Government became permanently involved in these areas.
What were housing and labor?
Group of advisors to FDR who offered unique viewpoints and who he got ideas from
What was the Brains Trust?
Company that brought electricity to the Tennessee Valley Region and still does to this day
What was the Tennessee Valley Authority (TVA)?
Socialist candidate who lost against FDR in 36'; way too radical.
Who was Norman Thomas?