APUSH Chapter 24 IDs – Flashcards

engagement in business transactions involving considerable risk but offering the chance of large gains, esp. trading in commodities, stocks, etc., in the hope of profit from changes in the market price

FDR defeats Hoover in an election where the depression is the main issue

the act of reducing something unpleasant (as pain or annoyance)

return to an original state

a change for the better as a result of correcting abuses

As senator in 1932 of Washington preached his “Share Our Wealth” programs. It was a 100% tax on all annual incomes over $1 million and appropriation of all fortunes in excess of $5 million. With this money Long proposed to give every American family a comfortable income, etc

Theory based on the principles of John Maynard Keynes, stating that government spending should increase during business slumps and be curbed during booms.

October 29, 1929; the day the stock market crashed. Lead to the Panic of 1929

Purching stock with a little money down with the promise of paying the balance at sometime in the future

charged a high tax for imports thereby leading to less trade between America and foreign countries along with some economic retaliation

suspension on the payment of international debts passed by Hoover

1,000 unemployed WWI veterens marched to washington dc to demand payment of the bonuses promised them at a later date; they camped with their families near the capital

Written by George Norris and also called the “Lame Duck Amendment,” it changed the inauguration date from March 4 to January 20 for president and vice president, and to January 3 for senators and representatives. It also said Congress must assemble at least once a year.

Established to serve the “three Rs” Relief for the people out of work, Recovery for business and the economy as a whole, and Reform of American economic institutions

the special session of Congress that Roosevelt called to launch his New Deal programs. The special session lasted about three months: 100 days.

FDR kept his campaign promise and repealed the prohibtion of alcohol with the twenty-first amendment which nullified amendment 18

informal talks given by FDR over the radio; sat by White House fireplace; gained the confidence of the people

Sometimes called “the sick chicken case.” Unanimously declared the National Industrial Recovery Act (NIRA) unconstitutional on three grounds: that the act delegated legislative power to the executive; that there was a lack of constitutional authority for such legislation; and that it sought to regulate businesses that were wholly intrastate in character.

a new set of programs in the spring of 1935 including additional banking reforms, new tax laws, new relief programs; also known as the Second Hundred Days.

the highest federal court in the United States

Union organization of unskilled workers; broke away from the American Federation of Labor in 1935 and rejoined it in 1955

Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages.