Review for Test Roaring Twenties and Great Depression Multiple Choice only- NO ESSAY DO CASTLELEARNING!!!!
Tennessee Valley Authority Reform Built dams, hydroelectric plants, reforestation of the Tennessee River Valley. Preserve natural resources. Government accused of being a monopoly
Social Security Administration Reform Pension for retired workers age 62 or 65 Unemployment and death benefits. Today added medicare and medicaid. In danger of going bankrupt today.
Federal Housing Administration Relief Government made loans to people in danger of losing their homes (facing foreclosure). Saved 10,000 homes.
FDIC Reform Insures bank deposits up to 5,000 (originally) – 100,000 (today).
Securities and Exchange Commission Reform Oversees the stock market Ethical practices Prevent insider trading
National Labor Relations Board Wagner Act Allowed labor unions to organize. Hold elections for union reps. Collective bargaining File grievances. Reform
#2- 1920’s American Society Drastic social changes- women, automobile, buying on credit. Traditional v. modern thinking
#3- Shenck v. U.S. Distributed pamphlets during WWI to avoid the draft. Argued freedom of speech. Lost because of wartime. Created a “clear and present danger”
#4- Problems in agriculture Borrowed heavily from banks to buy large farms and machinery. Overproduced which decreased prices. Couldn’t repay loans Dust bowl
#5- Republicans Hoover was Republican Believed in laissez faire
#6- New Deal Relief, Recovery and Reform Roosevelt believed government should be actively involved. Some argued government had too much control and was too involved.
#7- Dust Bowl Severe drought in the midwest. Described in Grapes of Wrath. Roosevelt proposed- Agricultural Adjustment Act- subsidies and buy surpluses.
#8- Lasting Impact of New Deal Social Security FDIC Securities and Exchange Commission Wagner Act
#9- Scopes Trial John Scopes, a high school biology teacher was teaching evolution (evolution v. creationism). Arrested and convicted. Traditional v. modern values.
#10- Sacco and Vanzetti Two Italian immigrants executed without sufficient evidence. Anti-Immigrant attitudes.
#11- Hoover and Roosevelt Hoover- laissez faire- hands off and the economy will fix itself. Roosevelt- Prime the pump- put money into the nations economy to get it started. Government should be actively involved.