Braineos
DiscoverChallenges
Sign in
← Back to decks
Sign in to save your progress, vote, and build your own decks.Sign in

MJML3

30 cards·by andre_breye956
Study this deck
Overproduction
By the end of the 1920's
Buying on Margin
An option that allowed investors to purchase a stock for only a fraction of its price and borrow the rest
Easy credit
People could purchase things on credit which before they would have had to save up for years
High tariffs
Taxes on imports that raised the price of foreign goods. The intent was to encourage consumers to buy American products.
Uneven distribution of wealth
Resources are not fairly distributed among members of society. This imbalance of wealth created an unstable economy because the wealthy coul
Inevitable business cycle
Despite individual or governmental intervention
Hoovervilles
Depression shantytowns
Bank holidays
part of the Emergency Banking Act under FDR; plan to close down bankrupt banks and reorganize and reopen those banks strong enough to surviv
Bonus Army
Facing the financial crisis of the Depression
Oakies
People that migrated to California from the Dust Bowl region; when they arrived
Breadlines
It was embarrassing for Americans to accept aid. However
Franklin D. Roosevelt
32nd US President - He began New Deal programs to help the nation out of the Great Depression
Herbert Hoover
Republican; approach to economy known as voluntarism (avoid destroying individuality/self-reliance by government coercion of business).
New Deal
A plan by President Franklin Roosevelt intended to bring economic relief
Relief
Emergency action taken to halt the economy's deterioration. Recognized the need for workers to get jobs for immediate paycheck.
Recovery
The government encourages business
Reform
Once the economy was somewhat stable
Deficit spending
Government practice of spending more than it takes in from taxes. The goal is to "prime the pump" and jump start the economy.
Wagner Act
This gave unions the right to to legally strike.
100 Day Honeymoon
First days of FDR's term in office where Congress passed every piece of legislation purposed.
Court Packing
FDR's plan to add up to six new justices to the nine member Supreme Court after the Court had ruled that some New Deal legislation was uncon
Supply & Demand Economics
When supply is high
New Deal Program
FDR's plan to help the US during the great depression. Included programs such as the; CCC (Civilian Conservation Corps)
Relief Programs
New Deal programs that targeted IMMEDIATE jobs and paychecks to help keep families from starvation.
Recovery Programs
New Deal programs that targeted business and agriculture help them get back on their feet again.
Reform Programs
New Deal programs that were created to prevent future depressions.
Social Security Act
Citizens are forced to save money for retirement so that if/ when hard times come they have a basic safety net. This was the most significan
Civilian Conservation Corp
Part of the RELIEF programs of the New Deal. It provided jobs
National Recovery Administration
Part of the RECOVERY programs of the New Deal. It encouraged citizens to shop at "Blue Eagle" stores which employed more people and paid fai
Federal Deposit Insurance Corporation
Part of the REFORM programs of the New Deal. It provides insurance on savings at banks so that citizens are encouraged to save; creates fina