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Stock Market Crash of

What is your email? Upgrade to remove ads. Speculation drove up market prices beyond the stock's value. Banks had lent money to stock speculators and had invested depositor's money in stocks.

Uneven distribution of wealth, decline in sales, mistakes by the Federal Reserve. Uncultivated fields, depletion of grasslands protecting soil, and drough. Americans looked to radio and motion pictures as an escape. Its photos provided a powerful commentary on American life. Bank failures, unemployment, hunger, homelessness and hardship.

Summarize 4 major initiatives taken by Hoover to improve the economy and the results of each. Funding from the National Credit Corporation and the Reconstruction Finance Corporation were insufficient; Emergency Relief and Construction funds came too late.

Did they keep their promises? They promised to keep factories open and stop slashing wages; and no they did not keep their promise.

ch11 reiview Flashcards | Quizlet

Belief in volunteerism and loans, rather than direct relief, it restricted his actions. Bonus marchers, discontent, farmers' revolts, hunger strikes, and squatting. Roosevelt was influenced by his experience with polio, his competitive nature, and his support for Wilson's presidency. People feared that Roosevelt would take the United States off the gold standard, and that their paper money would become worthless.

He used government's power to help New Yorkers in economic distress. Family, love of outdoors, political service. One group wanted government-business cooperation. Another wanted greater government control. Another wanted to increase competition. The Glass-Steagall Act protected depositor's money from speculation and the FDIC insured bank deposits. They temporarily employed workers, but did not reduce unemployment significantly.

The Civilian Conservation Corps, The Federal Emergency Relief Administration, The Agricultural Adjustment Administration, The Tennessee Valley Authority, The Civilian Conservation Corps CCC , The Workers Progress Administration WPA. Legislation such as the Wagner Act encouraged workers to organize unions where none existed and set up a process to protect unions as they developed.

It forced the government to protect the unemployed. American Liberty League, Left-wing Democrats, Urban Catholics. Wanted to change the political balance of the Supreme Court; seen as interfering with separation of powers. African-Americans, farmers, labor, minorities, new immigrants, women, intellectuals, and progressives.

Americans felt government had a duty to maintain a safety net. List 3 Defeats of Roosevelt. Social Security, Wagner Act, Fair Labor Standards Act.