Politics of Prosperity | Social and Cultural Aspects | Here Comes the Depression | FDR and the New Deal |
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Who is Harding, Coolidge and Hoover?
3 presidents that supported capitalism leading to the Great Depression
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What is the Red Scare?
the movement of 1919-1920 spawned by fear of Bolshevik revolution, that resulted in the arrest and deportation of many political radicals
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What is the uneven distribution of wealth?
The upper classes of society controlled 83% of the economy and the rise in credit accessibility allowed lower class people to make extravagant purchases which created
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What is radical?
The New Deal was seen as this because it involved the federal side of government in economics
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What is the Teapot Scandal?
This scandal involved petroleum reserves being leased to private oil companies at low rates by Albert B. Fall in exchange for bribes
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What is National Origins Act of 1924?
A law that severely restricted immigration by establishing a system of national quotas that discriminated against immigrants from southern and eastern Europe and virtually excluded Asians
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What is Stock Market Speculation?
This speculation had society believe they could get rich by "playing the market" however investments in companies were short term gambling
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What is the relief, recovery and reform?
The three R's of FDR's plan to recover after the Great Depression
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Who is General Daugherty?
In President Harding's cabinet, this General took bribes from violators of prohibition laws
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What is the Scopes Trial?
a highly publicized trial where John Thomas Scopes violated a Tennessee state law by teaching evolution in high school
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What is Overproduce Goods?
Companies began to do this after the credit boom and when this backfired they had to lay off tons of workers
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What are the New Deals?
These deals were created by FDR to end the Great Depression
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What is "the business of America is business?"
A statement made by president Calvin Coolidge which showed his overconfidence in the American economy before the Depression
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What is the Ku Klux Klan?
This group now allowed women to join and were pretty much against diversity, modernity and everyone except themselves
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What is the Stock Market Crash?
In October 1929, on Black Friday this event occurred
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What is the Supreme Court?
In 1935 this court ruled to toss out both the Agricultural Adjustment Act and the National Industrial Recovery Act—the two main pillars of FDR's 1933 recovery program—on the grounds that they granted vast new powers to the president in ways that violated
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Who is Al Smith?
This loser of presidential election of 1928 indicated growing power of the city, mixed Irish-German ancestry, urban democrats, catholocism, wanted to end Prohibition and represented political machines
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What is the Consumer Culture?
A culture that evolved due to increase advertisement accessibility due to television and the increase in credit and credit cards
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Who is Hoover?
This presidents first response to the stock market crash was to call business leaders to Washington to pressure them into keeping wages high, instead of cutting wages as economic conditions required, gave much of his money to charity and encouraged Americ
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What is did the New Deal end the Great Depression?
No.
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