Crash and Depression – Flashcards
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Throughout most of the 1920s, Americans were generally
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confident that business would bring continued prosperity
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Black Tuesday
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October 19, 1929
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Reasons for the crash
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artificial nature of the stocks, many purchased with borrowed money
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Affects of the collapse of the American economic system
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world wide depression. Not long after Black Tuesday it was affecting millions of Americans, many whom have never owned stocks
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broker
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once an investor lost their equity in their stock, their broker could sell their stock if their borrowed money couldn't be covered
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Dow Jones Industrial Average
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information about stock prices is reflected in this
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business cycle
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a period in which the economy grows, then contracts
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American Economy in 1920s
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Stock prices rose and the economy appeared healthy
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Great Depression
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severe economic decline lasting from 1929 to about 1939
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Great Crash
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collapse of the market in Oct 1929
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The Federal Reserve bank weakened the economy by
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slowing the growth of the money supply, allowing the money supply to decline by 27%, allowing money supply to fall dramatically after the crash
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21st Amendment
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repeal of prohibition
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Unemployment rates
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up to 60%
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Franklin D Roosevelt
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had polio; born into wealth in New York, did not want people to cower from the situation, assistant secretary of the navy under Woodrow Wilson, est Federal Deposit Insurance Corporation , as gov of New York won popularity by helping people economically
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New Deal
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the name given to the new laws, during FDR presidency, which were passed by Congress during the Hundred Days and the months that followed
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Share-Our-Wealth
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Huey Hopkins
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Tennessee Valley Authority
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oversaw the development of dams and hydroelectric power facilities
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National Youth Administration
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gave part-time jobs to high school and college aged people
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Francis E. Townsend
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liberal reformer who wanted the government to grant pensions to Americans over 60
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Dust Bowl
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caused by drought
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Dorothea Lange
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took Migrant Mother
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Laborers at General Motors
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sit-down strikes lasting six weeks
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Walker Evans
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attempted to show the hardships faced by sharecroppers in rural Alabama
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Gordon Parks
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Black photographer, musician, poet, novelist, journalist, activist, and film director. photo essays for like and Shaft in 1971
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Margaret Bourke-White
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photographer
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Georgia O'Keeffe
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artist who painted haunting images of the southwestern landscape
