Vocab
The Movement of African-Americans North during the 1920s
The Great Migration
A consumers buys products by promising to pay small, regular amounts over a period of time
Installment Buying
A drought in the 1930s that turned the Great Planes very dry.
The Dust Bowl
Person Elected to Hopefully fix the economy in 1932
FDR
a tax on imported goods
fear that communists were working to destroy the American way of life
The Red Scare
paying a small percentage of a stock's price as a down payment and borrowing the rest
Buying on Margin
Oct. 24th and 29th in 1929. The Stock Market crashed losing over 30 billion in wealth.
Black Thursday and Black Tuesday
What are the 3 R's?
Relief, Reform, Recovery
These Illegal bars were meant to give people a break from Prohibition
Speakeasies
A measurement of the total goods and services produced within a country.
Gross Domestic Product (GDP)
A government scandal involving a former United States Navy oil reserve in Wyoming that was secretly leased to a private oil company in 1921
Teapot Dome Scandal
Depression shantytowns, named after the president whom many blamed for their financial distress
Hoovervilles
Period from FDR's inauguration in March 1933 through the following June. During this time, Roosevelt pushed program after program through Congress in an effort to provide economic relief and recovery.
First 100 Days
An arrangement placing a limit on the number of immigrants from each country
Quota System
A policy of favoring native-born individuals over foreign-born ones
Nativism
1925 court case in which Clarence Darrow and William Jennings Bryan debated the issue of teaching evolution in public schools
Scopes Trial
Group of WWI vets. that marched to D.C. in 1932 to demand the immediate payment of their government war bonuses in cash
Bonus Army
Radio broadcasts done by President Franklin D. Roosevelt that uplifted Americans during the Great Depression.
Fireside Chats
A period in the 1920s when African-American achievements in art and music and literature flourished
The Harlem Renaissance
Government policy that attempts to manage the economy by controlling the money supply and thus interest rates.
Monetary Policy
Al capone and his bootleggers profited off of Prohibition because of a rise in:
Organized Crime
People would lose confidence in their bank and felt they needed to be the first ones there to get their money back before their bank fails.
Bank Runs
When FDR tried to add 6 new justices to the supreme court this was called his:
Court packing plan
There were 9 giant causes of the great depression we talked about in class. please list 4 of them
Risky spending
Hidden economic weaknesses
Unequal distribution of Wealth
Overproduction
High Tariffs
War Debts
Stock Market Collapse
Bank Failure
Monetary Policy