Stock Market Crash And The Great Depression

(1929)The steep fall in the prices of stocks due to widespread financial panic. It was caused by stock brokers who called in the loans they had made to stock investors. This caused stock prices to fall, and many people lost their entire life savings as many financial institutions went bankrupt.

(HH) , starting with collapse of the US stock market in 1929, period of worldwide economic stagnation and depression. Heavy borrowing by European nations from USA during WW1 contributed to instability in European economies. Sharp declines in income and production as buying and selling slowed down. Widespread unemployment, countries raised tariffs to protect their industries. America stopped investing in Europe. Lead to loss of confidence that economies were self adjusting, HH was blamed for it

Purchasing stocks with borrowed money with the intent of making a profit and repaying the loan when the stock prices rise

A few rich investors would sell a certain stock among themselves while bribing journalists to write glowing reports of the business's potential for growth.

1928; Republican; approach to economy known as voluntarism (avoid destroying individuality/self-reliance by government coercion of business); of course, in 1929 the stock market crashed; tried to fix it through creating the Emergency Relief and Construction Act and the Reconstruction Finance Corporation (didn't really work)

American banker who mass-marketed stocks and bonds to the general public

he was the first commissioner of the Securities and Exchange Commission (SEC)

Agency established in 1932 to provide emergency relief to large businesses, insurance companies, and banks. Created by Herbert Hoover

Group of WWI vets. that marched to D.C. in 1932 to demand the immediate payment of their goverment war bonuses in cash

Democrat Franklin D. Roosevelt, beat the Republican, Herbert Hoover, who was running for reelection. FDR promised relief for the unemployed, help for farmers, and a balanced budget.

32nd President of the United States, Roosevelt, the President of the United States during the Depression and WWII. He instituted the New Deal. Served from 1933 to 1945, he was the only president in U.S. history to be elected to four terms

(FDR) , , President Franklin Roosevelt's precursor of the modern welfare state (1933-1939); programs to combat economic depression enacted a number of social insureance 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. RELIEF, RECOVERY, AND REFORM

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

First female cabinet member

group of intellectual advisers that wrote FDR's speeches and assisted him in the authorization of legislation

FDR's three R's

This term refers to March 4 to June 16, 1933. During this period of dramatic legislative productivity, FDR laid out the programs that constituted the New Deal. Today, presidents are often measured by their actions in the same period of time

All the banks were ordered to close until new laws could be passed. An emergency banking law was rushed through Congress. The Law set up new ways for the federal government to funnel money to troubled banks It also required the Treasury Department to inspect banks before they could re-open.

Roads, textbooks, and bridges are just a few of the legacies let to Louisiana by Governor,

English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation (1883-1946)