review for test roaring twenties and great depression

Review for TestReview for Test

Roaring Twenties and Great Roaring Twenties and Great DepressionDepression

Tennessee Valley AuthorityTennessee Valley Authority

ReformReform Built dams, hydroelectric plants, Built dams, hydroelectric plants,

reforestation of the Tennessee River Valley.reforestation of the Tennessee River Valley. Preserve natural resources.Preserve natural resources. Government accused of being a monopolyGovernment accused of being a monopoly

Social Security AdministrationSocial Security Administration

ReformReform Pension for retired workers age 62 or 65Pension for retired workers age 62 or 65 Unemployment and death benefits.Unemployment and death benefits. Today added medicare and medicaid.Today added medicare and medicaid. In danger of going bankrupt today.In danger of going bankrupt today.

Federal Housing AdministrationFederal Housing Administration

ReliefRelief Government made loans to people in danger Government made loans to people in danger

of losing their homes (facing foreclosure).of losing their homes (facing foreclosure). Saved 10,000 homes.Saved 10,000 homes.

FDICFDIC

ReformReform Insures bank deposits up to 5,000 Insures bank deposits up to 5,000

(originally) – moved up to $100,000.(originally) – moved up to $100,000. 2008- changed to $250,0002008- changed to $250,000

Securities and Exchange Securities and Exchange CommissionCommission

ReformReform Oversees the stock marketOversees the stock market Ethical practicesEthical practices Prevent insider tradingPrevent insider trading

National Labor Relations BoardNational Labor Relations Board

Wagner ActWagner Act Allowed labor unions to organize.Allowed labor unions to organize. Hold elections for union reps.Hold elections for union reps. Collective bargainingCollective bargaining File grievances.File grievances. ReformReform

#2- 1920’s American Society#2- 1920’s American Society

Drastic social changes- women, automobile, Drastic social changes- women, automobile, buying on credit.buying on credit.

Traditional v. modern thinkingTraditional v. modern thinking

#3- Shenck v. U.S.#3- Shenck v. U.S.

Distributed pamphlets during WWI to avoid Distributed pamphlets during WWI to avoid the draft.the draft.

Argued freedom of speech.Argued freedom of speech. Lost because of wartime. Lost because of wartime. Created a “clear and present danger”Created a “clear and present danger”

#4- Problems in agriculture#4- Problems in agriculture

Borrowed heavily from banks to buy large Borrowed heavily from banks to buy large farms and machinery.farms and machinery.

Overproduced which decreased prices.Overproduced which decreased prices. Couldn’t repay loansCouldn’t repay loans Dust bowlDust bowl

#5- Hoover#5- Hoover

Hoover was RepublicanHoover was Republican Believed in laissez faireBelieved in laissez faire

#6- New Deal#6- New Deal

Relief, Recovery and ReformRelief, Recovery and Reform Roosevelt believed government should be Roosevelt believed government should be

actively involved.actively involved. Some argued government had too much Some argued government had too much

control and was too involved.control and was too involved.

#7- Dust Bowl#7- Dust Bowl

Severe drought in the midwest.Severe drought in the midwest. Described in Described in Grapes of WrathGrapes of Wrath.. Roosevelt proposed- Agricultural Roosevelt proposed- Agricultural

Adjustment Act- subsidies and buy Adjustment Act- subsidies and buy surpluses.surpluses.

#8- Lasting Impact of New Deal#8- Lasting Impact of New Deal

Social SecuritySocial Security FDICFDIC Securities and Exchange CommissionSecurities and Exchange Commission Wagner ActWagner Act

#9- Scopes Trial#9- Scopes Trial

John Scopes, a high school biology teacher John Scopes, a high school biology teacher was teaching evolution (evolution v. was teaching evolution (evolution v. creationism).creationism).

Arrested and convicted.Arrested and convicted. Traditional v. modern values.Traditional v. modern values.

#10- Sacco and Vanzetti#10- Sacco and Vanzetti

Two Italian immigrants executed without Two Italian immigrants executed without sufficient evidence.sufficient evidence.

Anti-Immigrant attitudes.Anti-Immigrant attitudes.

#11- Hoover and Roosevelt#11- Hoover and Roosevelt

Hoover- laissez faire- hands off and the Hoover- laissez faire- hands off and the economy will fix itself.economy will fix itself.

Roosevelt- Prime the pump- put money into Roosevelt- Prime the pump- put money into the nations economy to get it started.the nations economy to get it started.

Government should be actively involved.Government should be actively involved.