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Related Flashcards
Cards In This Set
| Front | Back |
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The candidates for the 1924 Election were
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Herber Hoover and Al Smith
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Great Stock Market Crash occured in ____. What is Wall Street?
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October of 1929
Wall Street is the center of all stock in America.
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What caused the depression?
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1) overproduction>> of consumer goods and farm products
2) overborrowing>> on credit or margin (margin= for stocks)
3) high tariffs
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What is a depression?
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Where the value of money goes down
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What is "the Cycle of Disaster"?
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Businesses cut production
workers suffer from wage cuts and lay offs
people had little or no money to spend
demand for goods fell
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Hoovervilles
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Slums where people lived after they lost their homes; usually by traintracks
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Bonus Army
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WWI veterans who wanted their bonus early, didn't leave the White House grounds, so US Army troops run them off
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What was Hoover's idea of the depression?
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The depression will fix itself. Local people should care for eachother, not the government's responsibility
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RFC
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Reconstruction Finance Corperation
bailout for banks and insurance companies
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Election of 1932
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R>Hoover vs D> FDR
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What was FDR's campain slogan? What did it mean to the people?
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"The happy days are here again."
It meant hope and change.
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In his inaugural speech FDR said:
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"The only thing we have to fear is fear itself."
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Fireside talks are
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Where FDR talked to the public over the radio in a fatherly tone to alleviate fear
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What was the New Deal's 3 major goals?
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Relief> Recovery> Reforms
Relief for the unemployed
plans for economic Recovery
Reforms to prevent another depression
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Hundred Days
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A president is usually judged by what he does in his first 100 days
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