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return to normalcy
return to big buisness
-in addition to its pro buisness stance, hardings administration was known primaly for his corruptiom exposed fuly after hardings death in offfice i 1923 how it was before ww1 before the great depression the good times -
1920
buying on margin
margin means buying securities such as stocks by using funds you borow from your broker
-disposable income remaining after deducations of taxes and other mandatory charges
-bank failure large # of pople widraw their deposits in crash forcing banks to liquidate loans and often leading to bank failure -
stock marke crash
-people could not sell shares fast enough
-top bankers met that friday and bought stocks above current market prices to try to srop the rapid decline in prices
-this action by bankers only delayed the collapse by a few days
-black tuesday -
migrant mother 1930
-her photographs migrant homeless women and children helped draw attension to desperate conditions in rural america and helped to bring attention to the need for direct relief -
immigrants during the depression
-with less demand for workers during the depression white american farmers saught after jobs filled by mexican immigrants
-public hostility grew towards mexicans which made it difficult for them to enter the us
- president hover authorized the mexican reparation act which sent mexicans back to mexico due to lack of jobs -
dust bowl
-farmers had been plowing the grass lands for crops in central plains and trapping under ground water supplies natural causes were 01 years drought was occuring
-farmers had to make california because their harvest has being destroyed the wind carry the top soil away this is why it was callled dust bowl -
William Randolph Hearst
hearts reputation suffered in the 1930 as his policy views changed in 1932 he was a major supporter of FDR his newspapers throughout 1933
-hearst broke with FDR in the spring of 1935 when president vetoed the pat man bonus billl -
FDIC
-federal deposit insurance corperation
-its an independent agency of the us federal government that preserves public confidence in the banking act in 1933 a part which established FDIC
-this was a part of the Roosevelt "reform legislation" during the new deal -
21st amendment
-in 1933 the 21st amendment to the constitution wassed and ratified ending national prohibition
-after the repeal of the 18th amendment same states continued prohibition by maintaining state wide temperance laws -
francis townspread
-dr.francis was a physicians who devised the townhouse plan
-the plan promised to end the greta depression by opening up jobs for younger workers while forcing seniors to spend money in the consumer economy
-adopted a version of the townsend plan when the social security program was created -
francis townsend 1933
dr francis was a physician who devised the townsend plan
-the plan promised to end the great depression by opening up jobs for younger workers while forcing seniors to spend money in the consumer economy
-adopted a version of the townsend plan when the social security program was created -
20th amendment
the cause was duck session
- lame duck session of congress an the united states occurs whenone president meets after is ejected
-what each amendment did it change where both president couldnt be in the same building -
SEC
SEC was created to watch over the stock market,prevent fraud and guards against other stock market collapse
-was roosevelts reform against the new deal -
AAA agriculture adjustment act
-gave farmers government payment to grow farmers earn money
-smaller supply of crops would increase demand for those crops this would help farmers