Chapter 12 – Great Depression – Flashcards
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Herbert Hoover
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Pres. when the stock market crashed/disliked by american people - blamed for economic troubles
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Black Tuesday
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Investors sold 16.4 million shares of stocks at prices much lower than they had been selling a month earlier.
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Great Depression
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1929-1941 the U.S. economy was in severe decline and millions of americans were unemployed.
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Hoovervilles/Flags
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Americans blamed Herbert Hoover for the depression, because most people were poor they live in small huts made from anything. (Cardboard box's)/wearing pockets inside out to show they had no money.
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Bonus Army
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12,000 - 15,000 veterans that came to washington DC because they were jobless and wanted early pay.
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Franklin D. Roosevelt
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President during most of the great depression/Suffered from polio (wheelchair)/fireside-chats/New Deal/pres. during most of WW2/Infamy speech/Member of the Big Three
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Fireside Chats
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Radio talks given by FDR that explained his polices ina warm, friendly style.
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New Deal
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Roosevelt pledged a "new deal" to fight the great depression.
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Dust Bowl
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Dust damaged farms across a 150,000 square-mile region. (Kansas, Oklahoma, Texas, Colorado, and New Mexico)
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Okies
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People who came to California looking for jobs because most of them came from Oklahoma.
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Eleanor Roosevelt
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First lady of FDR, "Eyes and Ears" for her husband/toured the country, visiting coal mines, work camps and hospitals to find out how programs were working.
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Wagner Act
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Passed in 1935, gave unions the ability to negotiate better working conditions.
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Liberal
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Favors government action to bring about social and economic reform.
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Conservative
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Favors fewer government action to bring about social and economic reform.
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Buying on the Margin
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They paid a small part of a stock's price as a down payment and borrows the rest.
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Route 66
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The main highway to California, people heard their farms needed workers.
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"The Grapes of Wrath"
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Novel written by John Steinbeck (1939) told of Okies who had been evicted from their farms.
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Speculation
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buying and selling of stocks in hopes of making a quick profit.
