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Definition
| products meant to last and be re-used multiple times |
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| shanty towns of the Great Depression named for President Hoover |
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| FDR's plan to end and survive through the Great Depression |
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| New Deal law that guaranteed pensions to the elderly and disabled |
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| money given to people usually after they retire |
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| partial ownership of a company or corporation |
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| to not do something you are supposed to do, like pay a debt |
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Definition
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| What was the Dust Bowl? Result? who were the Okies |
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Definition
| It was a decade-long drought on the southern Great Plains that dried out and destroyed the over-worked farms beginning in the 1920's & through the 1930's. Farmers lost homes & farms in debt. Okies was the nickname given to people from Oklahoma who fled the Dust Bowl to California. |
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Term
| How was President Roosevelt able to put new deal programs in motion so quickly? |
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Definition
| the New deal could be put in place very quickly because congress was cooperative |
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Term
| Name the problems leading to the Great Depression. |
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Definition
| Overproduction, under-consumption, and stock speculation are all problems that led to the Great Depression. |
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| what does buying on margin mean |
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Definition
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| What was Roosevelt's Fireside Chats? |
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| Weekly radio addresses when the president would keep Americans informed about the latest new deal programs and as a national pep talk to improve morale. |
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Term
| what was the FDIC? Why was it created? |
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Definition
| The FDIC is the Federal Deposit Insurance Corporation. It is a government agency formed to check up on banks and make sure that they are following federal regulations in the banking industry and to insure that peoples money is guaranteed to be there even when a bank is going out of business. |
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Term
| What was the CCC? why was it created |
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Definition
| The CCC was the Civilian Conservation Corp. it was created to give jobs to young, single men who had often lost their jobs in the regular economy. they would plat trees, build roads, and fight forest fires |
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Term
| What was the TVA? why was it created? |
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Definition
| The TVA is the Tennessee Valley Authority. The TVA was created to bring electricity to the southern, rural states. |
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Term
| Explain the AAA and what the government was trying to do. |
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Definition
| The AAA was the Agricultural Adjustment act. It paid farmers to NOT sell goods at market in order to stabilize prices on food. |
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Term
| who was Eleanor Roosevelt? |
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Definition
| He was the wife of FDR. she was a tireless supporter of civil rights and adviser to her husband. since FDR was disabled, she often said that she would serve as his legs. |
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Term
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| The Brain Trust was FDR's group of advisers that he brought with him to the Whit House from New York. |
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Term
| What caused overproduction and how did it effect the country? |
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Definition
| overproduction started during WWI when farmers and factories maximized their production rates to sell both overseas and in America. they kept production rates high through the twenties, even when the economy was starting to slow down, producing more that needed. |
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Term
| What caused under-consumption and how did it effect the country? |
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Definition
| It was caused by the slowing of the economy during the late 1920's. As people realized that they had to pay back debts from easy credit, they cut back on their own spending. As the economy continued to spiral down and jobs became less secure or lost, people cut back on spending as much as possible or completely. |
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