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Definition
| October 29,1929. Stock Market Crash |
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Term
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Definition
| October 24,1929. Dow Jones Industrial Average plunged 11% at the open. |
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Term
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| President Roosevelt declared a "Bank Holiday" from March 6-10. |
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Term
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Definition
| A person or political leader, who gains power and popularity by arousing the emotions, passions, or prejudices of the people. |
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Definition
| Also known as the National Labor Relations Act of 1935. |
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| Social Security Act (1935) |
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Definition
| A Social Security system designed to provide a steady income for retired workers aged 65 or older. |
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Definition
| A concern for the welfare of various social groupings (as workers) through social-security programs, state industrial codes, and other guarantees against insecurity |
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Term
| 4 causes of the Stock Market Crash |
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Definition
1. Decline in Demand
2. Gap between rich/poor grows
3. Corporate debt
4. Stock speculation |
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| 5 economic flaws leading to the Great Depression |
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Definition
1.Unequal distribution of wealth
2.Wealth concentrated in few hands
3.Spending is not stable
4.Unemployment
5.Farmers greatly affected |
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| How were American lives affected by the Depression? |
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Definition
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| Who was affected the most? and the least? |
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Definition
Most affected- middle class.
Least affected- the poor |
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Term
President Hoover's response to the crisis?
What did he do to turn it around? |
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Definition
-slow production & maintain wages; Emergency Relief Construction Act,POUR,RFC,Home Loan Bank Act
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| New Deal programs by Roosevelt to ease the crisis |
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Definition
| CCC- Civilian Conservation Corps |
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Definition
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Term
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Definition
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| Some of the 2nd New Deal programs |
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Definition
| Social Security Act, NLRA (Wagner Act), CIO |
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| Who are the demagogues? What were their goals? |
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Definition
Father Charles Coughlin -Roman Catholic priest, had popular radio broadcast, liked FDR at first then became a sympathizer.
Dr. Francis Townsend - Open jobs for younger workers, forcing seniors to spend more money in consumer economy.
Huey Long - Wanted to be President |
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Term
| Affect of the Depression on Northwest Indiana |
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Definition
| Steel workers lose jobs-less steel needed, less coal & iron, because cars aren't needed as much, mines produce less. Banks close, rising unemployment affects businesses. |
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| Results of having the entire region rely on one industry |
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Definition
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Term
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Definition
closed shops - only union members can be hired.
open shops - not required to join or associate with the Union. |
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Definition
| President's Organization Employment Relief |
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Term
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Definition
| Reconstruction Finance Corporation |
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Term
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Definition
| National Industrial Recovery Act |
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Definition
| Civilian Conservation Corporation |
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Definition
| National Recovery Administration Act (Wagner Act) |
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Definition
| Public Works Administration |
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Definition
| Tennessee Valley Authority |
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Term
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Definition
| Works Projects Administration |
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