Ch. 14 Test Topics:-- Causes of the Stock Market CrashStock prices inflated, buying on margin, lack of government regulation, buisnesses cut production and laid off workers--Causes of the Great DepressionStock prices inflated, buying on margin, lack of government regulation, uneven distribution of wealth, over production of goods, people quit spendingvicious cycle- companies lose money so they lay people off, people spend less money, companies lay off workers1. 1928 Election(466)Hoover (R) Al Smith (D) Hoover won big, republicans were heavily favoredsmith wanted to get rid of prohibition, smith was catholic (only had one catholic president ever)2. Stock Market in the 1920's(466-468)companies were making a lot of money people were buying on credit and the stock market was booming3. Story of the stock market crash-not the causes(467-469)Stock market was way higher than they should of been and everybody wanted to sell all at once4. Banks and business' collapse(469)app. 10,000 out of 25,000 banks went bankrupt... 90,000 buisness went out of buisness... unemployment rose from 3% to 25%5. Effect stock market crash had on other countries(469-471)Our lack of trade hurt other countries, south africa cause of gold, england, germany all had a depression6. Depression in the cities(472-473)lots of people didn't have enough to put food on the table7. Depression in the rural areas(473)8. Dust Bowl(474)Dust infested peoples homes ruined people crop and pretty much made the depression even more miserable9. Men in the Streets(475)10. Women struggle to survive(475-476)Women couldn't work and the very few that did were criticized for taking mens jobs11. Children suffer hardships(476)Children couldn't grow properly without the right amounts of food12. Social and psychological effects(477)Suisides/issues due to depression13. Hoover's backgroundHoover was the first and only iowa us president, from west branch, iowa... an orphan by age 9.. the hoover damn named after him14. Hoover's philosophy/Cautious steps(479)He wanted to help the citizens and make them come together as a nation.. he was big on the red cross15. Boulder Dam(480)Project that would get us out of a slump, eventually paid for itself, created jobs... makes energy16. Democrats win 1930 Congressional elections(480)17. Hoover takes action(481)Example of Trickle down theory: Reconstruction Finance Corperation. Gave money out too big buisnesses, banks, and hoped they would create jobs. Federal home loan bank act. Big banks would loan money to smaller banks.18. Bonus Army(482-483)WW1 veterans in 1945 were gonna be given a bonus for fighting. Many needed it sooner so they tried to pass a bill for them to get it in 1943.Ch. 15 Test TopicsDescribe the cycle of the Great Depression?What was the New Deal(1st and 2nd) and it's goals(3 R's)?Relief, reform, recovery.. our plan to get us out of depression the first deal was top down and the 2nd was top upWhy did people criticize the New Deal?Too socialistic, not doing enough, doing too muchWhy was FDR upset with the US Supreme Court and what did he do to try to solve this issue?They were declaring some of his bills he was trying to pass unconstitutional and he tried to get more younger people of congress so they would agree with him and he could pass bills. He thought that they need to add a person for every 70 year old in the supreme court. the supreme court packing bill did not passHow did the New Deal help:unemployed- RFCCCC- (civilan conseervation corps) crew that did national projects to create jobs.. parks, hoover damn, helped forestsWPA was the works process administrations they did projects to create jobs. It ended in 1943National Youth Administration- created jobs for young high school and coolege students that didnt have jobs. Provided almost 370,000 jobs for these studentsfarmersfactory workers/laboryoung people- CCCbanks/business- RFChome ownerselderlyNative Americans- treated badly, Indian resorvation actDescribe the culture of the 1930's.Key terms:Hundred Days- roosevelt promised he would get a lot done in his first 100 days he got 15 bills passedfireside chats- radio chats that roosevelt gave over the radiopriming the pump- had to put money into the economy to get it started with the new deal
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