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Chapter 32 Vocabulary

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Federal Housing Authority
Established by FDR during the depression in order to provide low-cost housing coupled with sanitary condition for the poor
Herbert Hoover
He was the head of the Food Administration during World War I. He became the Secretary of Commerce and encouraged businesses to regulate themselves. Hoover was a Republican known for his integrity who won the election of 1928. He had to deal with the Great Crash of 1929, which caused the Great Depression. He signed the Norris-La Guardia Anti-Injunction Act. His belief in "rugged individualism" kept him from giving people direct relief during the Great Depression.
Hawley-Smoot Tariff
Began as a protective measure to assist farmers, but turned out to be the highest protective tariff in the nation's peace time history. It raised the duty on goods from 38.5 percent to 60 percent in 1930.
Black Tuesday
It occurred on October 29, 1929, when 16,410,030 shares of stocks were sold in a save-who-may scramble. It marked the beginning of the Great Depression.
Reconstruction Finance Corporation
(1932) This corporation became a government lending bank. It was designed to provide indirect assistance to insurance companies, banks, agricultural organizations, railroads, and even hard-pressed state and local governments. Under this plan, to preserve individualism, no loans were made to individuals. In the election of 1932, Hoover ran against FDR and this was part of Hoover's plan.
Bonus Army
A group of almost 20,000 World War I veterans who were hard-hit victims of the depression, who wanted what the government owed them for their services and "saving" democracy. They marched to Washington and set up public camps and erected shacks on vacant lots. They tried to intimidate Congress into paying them, but Hoover had them removed by the army, which shed a negative light on Hoover.
Hoover-Stimson doctrine
This said that the United States would not recognize any territorial acquisitions that were taken over by force. (This doctrine is related to Japanese aggression in Manchuria in 1931)
Fordney-McCumber Tariff Law
In 1922, Congress passed the Fordney-McCumber Tariff Law. As a result, foreign tariff 's became as high as 38.5%. This was designed to equalize the price of American and Foreign products
Teapot Dome Scandal
One of many scandals under Harding. Involved priceless naval oil reserves at Teapot Dome, Wyoming. Albert B. Fall got Secretary of Navy, Denby to transfer valuable goods to Interior Department secretly. Harry Sinclair and Edward L Dohney were released the lands after paying a large bribe. Scandal polluted governments prestige and made public wonder about the sufficiency of government and undermined faith in courts
McNary -Haugen Bill
This bill was favored by agricultural states. It was pushed to keep high prices on agricultural products by authorizing the government to purchase agricultural surpluses and selling them. The losses of the government could be repaid by a special tax on the farmers. It was passed twice by Congress and vetoes twice by Coolidge.