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Election of 1928 candidates?
Herbet Hoover and Alfred Smith
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Wet candidate?
Smith- agaisnt prohibition
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Dry candidate?
hoover - for prohibition
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Speculation?
a single instance or process of consideration
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Black thursday marked?
end of roaring 20's and beginning of great depression
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causes of the depression?
- overproduction
- under consumption
- international relations
- government practices
- installment buying
- disparity of wealth
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RFC?
- reconstruction finance corporation
- made loans to RR's, insurance companies and banks
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Garner-wagner bill?
would have spent $2.1 billion to creat jobs and given direct aid to unemployment, but hoover vetoed it.
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hoovervilles?
- aka shantytowns
- housed the unemployed
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Dust bowl?
- a result of the worst drought in history
- lasted 10 years
- affected 27 states
- ruined millions of acres of farm land
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bonus army?
WWI veterans that were promised bonuses in 1945, so they marched to DC to demand an early payment in 1932
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International moratorium?
suspended all war debt payments to the US for one year
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Gen. MacArthur?
ordered US army to clear out veterans in the bonus army w/ force
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Hardest hit by great depression??
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African american during depression?
discriminated against
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Huey long?
- governor of louisiana
- share the wealth program
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Share the wealth program?
- every family would get guaranteed annual wage of at least $2500
- *had a special tax on rich to finance it
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Dr. townsend?
- would give each person over 60 a pension of $200 a month
- *taxes on business transactions financed it
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upton sinclair?
plan for ending poverty: EPIC (end of poverty in CA)
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Candidates in election of 1932?
- Hoover (republican)
- FDR (democrat)
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20th amendment?
changed the presidential inauguration date from march 4th to january 20th
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Bank holiday?
FDR ordered banks to close of March 5, 1932
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emergency banking act?
gave sec. of treasury the power to investigate all banks and to open them when he saw fit
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fireside chats?
radio addressed by FDR
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Pump-priming?
- recovery
- temporary programs to restart the flow of consumer demand
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reduced agricultural surplus and raised prices for struggling farmers?
- AAA
- agricultural adjustment act
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guaranteed bank deposits up to $2,500; provides gov’t insurance
- FDIC
- federal deposit insurance corporation
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regulated the stock market to avoid dishonest practices
- SEC
- securities and exchange commission
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created unemployment system, disability insurance, old age pension and welfare benefits
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employed single men for natural resource conservation
- CCC
- civilian corporation corps
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built hydroelectric plants and dams aimed at improving 7 southern states and attracting industry to the south
- TVA
- tennesse valley authority
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combated unemployment; created jobs throughout economy
- WPA
- works program administration
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legislation that would have allowed FDR to appoint an additional justice to supreme court for each justice over the age of 70
court packing plan
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federal gov’t spending is more than its income
deficit spending
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a downturn in a nation's economy marked by reduced economic activity
recession
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