APUSH The Great Depression

23 August 2022
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Great Depression
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The economic crisis and period of low business activity in the U.S. and other countries, roughly beginning with the stock-market crash in October, 1929, and continuing through most of the 1930s. -One of the darkest moments in World History.
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Black Tuesday
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October 29th, 1929: the day when prices in the stock market took a steep dive, plunging over $10 million dollars. -Beginning of the Great Depression.
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Herbert Hoover
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31st President of the United States president in 1929 when the stock market crashed and the economy collapsed. Led to Hoover's defeat for re-election by Franklin Roosevelt (1874-1964).
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Bonus March
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Group of WWI veterans who were supposed to be given economic relief from the government due to their involvement in the war. However, in 1932 the deadline for the veterans was pushed back by the government to a latter date thus causing the group to march onto Washington to demand their money. -Excessive force was used to disband these protesters, and because they were veterans and heroes of this country, Hoover's popularity plummeted because of it.
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Eleanor Roosevelt
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FDR's Wife and New Deal supporter. Was a great supporter of civil rights and opposed the Jim Crow laws. She also worked for birth control and better conditions for working women. -She became the most active First Lady in history. She fought for the rights of all Americans.
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New Deal
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President Franklin Roosevelt's precursor of the modern welfare state. His programs were meant to combat economic depression and it enacted a number of social insurance measures and used government spending to stimulate the economy. -Increased power of the state and the state's intervention in U.S. social and economic life.
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Public Works Administration - 1935
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Created for both industrial recovery and for unemployment relief. Headed by the Secretary of Interior Harold L. Ickes, it aimed at long-range recovery and spent $4 billion on thousands of projects that included public buildings, highways, and parkways. -Helped stimulate solutions to the economic and social problems during the Great Depression.
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National Labor Relations Act - 1935
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A law, also known as the Wagner Act, that guarantees workers the right of collective bargaining sets down rules to protect unions and organizers, and created the National Labor Relations Board to regulate labor-managment relations and enforcing law and supervising shop elections. - Made sure workers were treated and payed well and not getting abused by their business.
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Brain Trust
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Many of the advisers who helped Roosevelt during his presidential candidacy continued to aid him after he entered the White House. A newspaperman once described the group as "Roosevelt's Brain Trust." They were more influential than the Cabinet. -Helped FDR figure out how to end the Great Depression.
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Fair Labor Standards 1938
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United States federal law that applies to employees engaged in and producing goods for interstate commerce. The FLSA established a national minimum wage, guaranteed time and a half for overtime in certain jobs, and prohibited most employment of minors in "oppressive child labor," a term defined in the statute. -Helped enact Child Labor Laws and increase the economy, slowly but surely.
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Laissez-Faire
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Policy based on the idea that government should play as small a role as possible in the economy. -Government overlooked this policy during the Great Depression in order to get the economy better.
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Harding Scandals
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Major incidents of corruption in government that occurred while Warren Harding was president in the early 1920s. The most notable, called the Teapot Dome scandal, involved the lease of federally owned oil reserve lands to private interests, in return for bribes. -Several high officials, including the secretary of the interior, were ultimately convicted for their part in the affair. Although not personally implicated in the wrongdoing, Harding had clearly made a bad choice of associates and was shaken by the scandals.
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Teapot Dome
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a government scandal involving a former United States Navy oil reserve in Wyoming that was secretly leased to a private oil company in 1921. -Became symbolic of the scandals of the Harding administration.
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Four-Power Treaty - 1921
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Treaty between the US, Great Britain, France, and Japan to maintain the status quo in the South Pacific, that no countries could seek further territorial gain. - The main result of the Four-Power Treaty was the termination of the Anglo-Japanese Alliance of 1902.
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Whistlestop Tours
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A style of political campaigning where the politician makes a series of brief appearances or speeches at a number of small towns over a short period of time. Was a very effective campaigning tool through today.
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Emergency Banking Relief Act - 1933
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Gave the President power over the banking system and set up a system by which banks would be reorganized or reopened. - One of Roosevelts theories in restoring the economy.
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Fireside Chats
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The informal radio conversations Roosevelt had with the people to keep spirits up. It was a means of communicating with the people on how he would take on the depression. -Helped people better understand what was going on and helped relieve many social scares at that time.
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Civilian Conservation Corps-1933
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Reduced poverty/unemployment, helped young men and families; young men go to rural camps for 6 months to do construction work; $1/day; intended to help youth escape cities; concerned with soil erosion, state/national parks, telephone/power lines; 40 hour weeks. Helped economic and social problems decrease.
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Federal Emergency Relief Act (FERA)
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One of the most comprehensive New Deal laws, a May 1933 law that gave $500 million to state and local treasuries that had run out of money. - Helped states to provide aid for the unemployed.
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John Steinbeck, Grapes of Wrath
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A novel about a struggling farm family during the Great Depression. -Gave a face to the violence and exploitation that migrant farm workers faced in America.