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Last updated 1:34 AM on 1/17/23
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45 Terms
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Herbert hoover
won the 1928 election
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chicken in every pot
hoovers promise
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expanding economy
low taxes, high wages, easy credit
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installment plans
down payment w/ monthly payment
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shareholders
stockholders who owned factories who were paid in dividends
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speculation
buy low and try to sell high on risky stocks
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buying on margin
borrowing money
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the great crash
stock prices fell, October 29, black Tuesday
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bank closer
4000 banks closed in 3 years
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dust bowl
drought, high winds, Midwest
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rugged individualism
encouraged people to help themselves
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public works
congress gave money and gave jobs
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hawley
smoot tariff
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tariff
tax on import
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moratorium
suspension of payments
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only they paid off their dept
Finland
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election of 1932
hoover vs FDR and FDR won easily
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fdr in government
25 years in gov’t/ promised a new deal
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new deal
plan to fix the depression
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polio
disease that caused you to become paralyzed but could be overcome with exercise
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20th amendment
eliminated the lame duck session
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song
“happy days are here again”
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brain trusts
FDR advises
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favored
massive spending to create jobs
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3 r’s
relief, recovery, reform
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fireside chats
FDR encouraged on the radio
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bank holiday
FDR closes all banks
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emergency banking act
president could control banking
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gold standard
FDR claimed paper money is “as good as gold”
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result of gold standard
caused many to looses confidence in the us Monterey system
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AAA
government paid farmers not to plant crops or gaze live stock
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result of aaa
increased prices for crops
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NRA
controlled wages and prices
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result of NRA
limited competition
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FERA
gave money to state and local agencies
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result of FERA
encouraged people to depend on gov’t for money
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CCC
put men to work conservation projects
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PWA & WPA
construction of highway,bridges,parks, etc
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TVA
built dams and hydroelectric plants along TN river
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result of TVA
most far reaching new deal program
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21st amendment
legalized liquor
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social security act
established a gov’t fund for old-age insurance
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FDR and supreme court
wanted forced retirement for justice over age 70
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1940 election
FDR won a 3rd term
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precedent
an example for the futrue
Note 
Flashcards (33)