Studied by 7 people
Herbert hoover
won the 1928 election
chicken in every pot
hoovers promise
expanding economy
low taxes, high wages, easy credit
installment plans
down payment w/ monthly payment
shareholders
stockholders who owned factories who were paid in dividends
speculation
buy low and try to sell high on risky stocks
buying on margin
borrowing money
the great crash
stock prices fell, October 29, black Tuesday
bank closer
4000 banks closed in 3 years
dust bowl
drought, high winds, Midwest
rugged individualism
encouraged people to help themselves
public works
congress gave money and gave jobs
hawley
smoot tariff
tariff
tax on import
moratorium
suspension of payments
only they paid off their dept
Finland
election of 1932
hoover vs FDR and FDR won easily
fdr in government
25 years in gov’t/ promised a new deal
new deal
plan to fix the depression
polio
disease that caused you to become paralyzed but could be overcome with exercise
20th amendment
eliminated the lame duck session
song
“happy days are here again”
brain trusts
FDR advises
favored
massive spending to create jobs
3 r’s
relief, recovery, reform
fireside chats
FDR encouraged on the radio
bank holiday
FDR closes all banks
emergency banking act
president could control banking
gold standard
FDR claimed paper money is “as good as gold”
result of gold standard
caused many to looses confidence in the us Monterey system
AAA
government paid farmers not to plant crops or gaze live stock
result of aaa
increased prices for crops
NRA
controlled wages and prices
result of NRA
limited competition
FERA
gave money to state and local agencies
result of FERA
encouraged people to depend on gov’t for money
CCC
put men to work conservation projects
PWA & WPA
construction of highway,bridges,parks, etc
TVA
built dams and hydroelectric plants along TN river
result of TVA
most far reaching new deal program
21st amendment
legalized liquor
social security act
established a gov’t fund for old-age insurance
FDR and supreme court
wanted forced retirement for justice over age 70
1940 election
FDR won a 3rd term
precedent
an example for the futrue
Note 
Flashcard (20)