Chp 9/10 Study Guide

US Chps 9 & 10 Study Guide

Stock Market

Margin call

Bank run

Bull market

Black Tuesday

Foreclosure

Hawley-Smoot Tariff

Hoovervilles (blankets, flags)

Hobos

Dust Bowl

Reconstruction Finance Corporation

Bonus Army

New Deal (explain using a specific program)

CCC – Using deficit dollars to do what?

Employing who to do what?

Impact? (number of workers, cost, duration)

Federal Deposit Insurance Corporation

National Industrial Recovery Act

Glass-Steagall Act

Hundred Days (how many Acts/programs)

National Labor Relations Act (Wagner Act) – Gave unions more power

Keynesian economics (philosophy behind New Deal) deficit spending

Social Security Act

Sit-down Strike

Schechter v. United States (“sick chicken case) – NIRA – unconstitutional

Reason for Roosevelt’s court packing plan

Court packing plan

List 4 long-term causes of the depression

Explain the role of banks in the stock market and collapse / closures

Explain the New Deal – “A series of programs designed to…”

Outline one Program and use specific details to illustrate the New Deal

Was the New Deal a success? Your decision…in your answer you must include the following terms/phrases government spending, unemployment and/or job creation, deficit, dependency. Draw a conclusion as to whether the New Deal would have worked in the long run had WWII not occurred. (Or if WWII could be considered increased government spending)?