Unit 4 Vocab
The term for a social system in which the government takes responsibility for the economic well being of its citizens by providing programs and direct assistance.
What is a welfare state?
This theory was kept out of public schools by religious fundamentalists.
High import tariffs and collapsing European economies made a decline in this type of trade.
What is international trade?
This president promoted his New Deal policies to end the Great Depression and help needy Americans.
Who is Franklin D. Roosevelt?
The term for a financial crisis in which a large number of customers simultaneously attempt to withdraw their money from a bank out of fear that the bank will close.
What is a bank run?
These was rejected by the younger generation who were suspicious of the older generation after the war.
What are traditional values?
This made getting loans more expensive and limiting the amount of money in circulation.
What is raised interest rates?
This Act was designed to provide economic security to unemployed and retired Americans.
The word for the production, transport, and sale of illegal alcohol.
What is bootlegging?
This magazine was one of the country's most popular weekly magazines in the 1920's.
What is the Saturday Evening Post?
After the stock market crash, Federal Reserve officials allowed this to shrink.
What is the money supply?
This Administration sought to boost agricultural prices by incentivizing farmers to plant fewer crops, thus reducing supply and increasing demand.
What is the AAA?
The term for a government's practice of spending more money than it receives in revenue, the difference being made up by borrowing.
What is deficit spending?
He was born in New York City in 1894, and was a talented artist who studied at a number of the city's art schools.
Who is Norman Rockwell?
This happened to factories because American businesses produced more goods than people wanted or could afford.
What is closed?
This diverse group of Americans united to support FDR and the New Deal.
What is the New Deal Coalition?
The term for an unrealistic or unfounded rise in economic values.
What is a speculative bubble?
Prohibition was repealed by the Twenty-First Amendment in this year.
When is 1933?
The stock market lost around this much percent in value during the Great Depression.
What is 90 percent?
The National Industrial Recovery Act was intended to bolster the free enterprise system by helping these 3 groups.
What are businesses, workers, and those in need?