| A | B |
|---|
| Herbert Hoover | blamed for not doing enough to get U.S. out of depression |
| FDR | elected in 1932- said, "the only thing we have to fear is fear itself" |
| New Deal | Roosevelt's plans to get U.S. out of the depression |
| speculation | buying and selling stocks in hopes of making a profit quickly |
| buying on margin | paying for part of a stock and owing the rest- made stock crash even worse |
| Black Tuesday | Tuesday, Oct. 29 1929- the day of the big crash |
| the Great Depression | 1929-1941 characterized by high unemployment and business failure |
| public works programs | started by Hoover- gov. hires workers to do jobs |
| deficit spending | citicism of New Deal- using borrowed money to pay for gov. programs |
| 3 R's of New Deal | relief, recovery, reform |
| Bonus Army | WWI vets who wanted bonus early |
| fireside chats | FDR speeches meant to encourage and explain |
| Hundred Days | 15 New Deal programs passed in first 3 months of FDR's presidence |
| George Norris | urged help for farmers- led TVA |
| Huey Long | critic of New Deal- urged a "share our wealth" program |
| Father Caughlin | radio critic of New Deal- said it didn't help poor |
| Dr. Townshend | urged more help for elderly- $200 a month |
| TVA | set up dams on Tennessee river- provided electricity for 7 southern states |
| NRA | established codes of best practice for each industry- Blue Eagle program, later deemed unconstitutional |
| CCC | hired young men to do healthy outdoor work |
| FDIC | insures bank accounts to ensure depositors $ |
| SEC | regulates the stock market to ensure fair trading |
| AAA | paid farmers NOT to grow to raise prices- later deemed unconstitutional |
| REA | provided electricity to rural areas |
| Wagner Act | ensured labor's right to form unions |
| SSA | provides $ for elderly when retired, and unemployment $ |
| WPA | hired the hard to employ- artists, teachers, authors |
| Supreme Court and New Deal | 11 New Deal programs were found unconstitutional- gave president too much power, interfered too much in free enterprise |
