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The Great Depression
N/A
22
History
10th Grade
03/25/2012

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Term
Conservatism
Definition
Existing In:
-LF Capital
-Protestant faith
-Social Classes
-Gender Roles
Threats:
-Socialism, Anarchists
-Communism
-New American "Woman"
-Darwinism
Acts, etc. Support:
-A. Mitchell Palmer
-Calvin Coolidge
-Steel Corporations
-Warren G Harding
-Hoover
-Red Scare
-Palmer Raids
-18th Ammend
Acts, etc. Oppose:
-IWW
-19th Ammend
-Scopes
-Boston Police Strike
-Steel Mill Strikers
-John L. Lewis- Coal Strike
-technological advances
-Lenin
-ACLU (American Civil Liberties Union)
-Flappers
-Harlem Renaissance
-A Phillip Randolph
Term
Nativism
Definition
Existing In: WASP America
Threats:
-Immigration
-"New Negro"
Acts, etc. support:
-Madison Grant
-KKK- hated non-WASP
-The Emergency Quota Act of 1921
-Hoover
Acts, etc oppose:
-Succo & Vanzetti
-Ford Factories (?)
Term
Isolationism
Definition
Existing In: Keep us out of European affairs
Threats:Anything that might involve US in war loaning $ outside US
Acts, etc. support:
-Charles Evans Hughes
-Kellog-Briand Pact
-Dawes Plan
-Fordney-McCumber Tariff
Acts, etc oppose:
-Same as above (can go either way)
Term
Dawn of Modern America
Definition
-automobiles
-paved roads
-radio
-movies
Traditional vs New
Term
Russian Revolution
Definition
1917
-revolutionaries in Russia overthrew the czarist regime
-Vladimir I Lenin and his followers or Bolsheviks established a new Communist State
Term
Red Scare
Definition
-overwhelming fear of communism-
--strikes 1919- 3000
--bombing
--Third Communist International- 1919
Problems?
-violated civil rights
-detained w/out charge
-search w/out warrant
-deported w/o lawyers/trials
Targeted?
-unions/leaders
-immigrants (from E European)
Term
Scopes
Definition
Taught evolution in Tennessee
Fined $100 but was later dropped due to a technicality
Term
ACLU
Definition
American Civil Liberties Union
Term
NAACP
Definition
1909- W.E.B. Dubois
Term
Madison Grant
Definition
Nativist
-Wrote harsh racial prejudice
Term
Nativism (expanded)
Definition
-KKK-hated any non-WASP
-Laws:
--Emergency Quota Acts 1921, 1924- 150,000 imm/year, 2% quota to stop S&E Europeans, 2% of pop in US by 1890
---800,000 imm to 150,000
Term
Fordney-McCumber Tariff
Definition
60%, highest tariff @time
-Britain & France can't repay us-Dawes Plan
Term
Dawes Plan
Definition
US loans Germany $ who pays to Britain and France who pays to US
Term
Kellog-Briand Pact
Definition
-Frank B. Kellog- no war as national policy
Term
Charles Evans Hughes
Definition
Washington Naval Conference- reduced warships
Term
Data that seemed to indicate prosperity (superficial prosperity in 1920's)
Definition
-Average income up 35%
-America owned 40% of world's wealth
-80% of world's cars were in US (1 in 5)
-Factory production up 50%
-64 bil to 87 bil= national income
75% of this wealth went to top 1%, 9% to bottom
Term
Farms
Definition
Event/Cause: Farms
Gov "Contribution:
-increase productivity- mechanization/more land
-encouraged by gov for WWI/surplus post-war
--during war- corn $1.50 bushel-$.52 bushel
-McNary Haugen Bill- sell crops on World Market- vetoed by Coolidge- not LF capital

Econ Result:
Term
Bank Crisis
Definition
Gov Contribution:
-farm foreclosures (McN-H Veto)
--Banks fail
-Conservative "L-F" values (pro-business)
-farms/monetary policy- banks unregulated
--allowed to invest in stock market
Econ Result:
-1/4 nations banks failed
Econ Results:
Term
Uneven Distribution of income
Definition
-75% of 20's of growth to top 1%
-70% of Americans lived below poverty
-80% had no savings
Gov Contributions:
-Under "L-F"
--no social security, no unemployment benefits, no sick days, no vacation days, no pensions, no minimum wage
-Gov crushes unions that attempted to gain higher wages/benefits
--Boston Police Steel Strike, etc.
-Conservative fear of Communism
-Fordney-McCumber tariff- dropped World trade 40% in world tariff "war"
Econ Result
-No Demand
--surplus goods-drop prices-fire workers- 25% unemployment 1932
Term
Credit
Definition
*70% of household goods bought on credit
-Federal Reserves-sets interest rates
--dropped rates in 20's, raised rates in 30's (Gold Standard issues?)
Econ Result
-Sustained artificial demand 1920's ends by 1930's
Term
Stock Market
Definition
(not primary cause)
Stock-
1. Assets/earnings (actual value)
2. Demand (perceived value)
*gap too high, overvalued
*3% Americans owned stock
Gov Contribution:
-Fed rates:
--wealthy borrowed to invest in stocks
--Banks unregulated (investing $)
--Gov cut taxes wealthy-invested
--Gov L-F- no regulators
Econ Result:
Stocks overvalued
Term
Causes of the Great Depression (5)
Definition
1. Farms
2. Bank Crisis
3. Uneven Distributions of Income
4. Credit
5. Stock Market
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