YAWP 23 Flashcards

Questions and Answers

What percent of Americans were investing in the stock market prior to the crash?

10%

What was FDR's 'court-packing scheme'?

An attempt to appoint up to six new justices who would be friendly to his interests

Which of the following statements regarding immigration during the Great Depression is true?

More people entered the United States than left it

There was no change in immigration patterns

Immigration rates increased significantly

More people left the United States than entered it during the Great Depression (correct)

What is the definition of Herbert Hoover's 'Associationalism'?

A system where businesses would voluntarily limit harmful business practices for the greater economic good Signup and view all the answers

Louisiana Senator Huey Long criticized Roosevelt's New Deal programs for ____________

failing to redistribute wealth Signup and view all the answers

Which of the following actions did FDR take to advance civil rights for African Americans?

None of these occurred Signup and view all the answers

Upon assuming office, how did Roosevelt respond to the collapsing bank system?

Declared a bank holiday and then pushed through the Emergency Banking Act Signup and view all the answers

Which of the following was the most consequential example of agricultural mismanagement during the Great Depression?

Farmers plowed up natural ground cover to grow more crops Signup and view all the answers

What was the Bonus Army?

A group of World War I veterans who petitioned the government to make an early payment on bonuses scheduled to be released in 1945 Signup and view all the answers

Which group of Americans benefitted the least from the economic changes of the 1920s?

Southern farmers Signup and view all the answers

What was the consequence of the Smoot-Hawley Tariff of 1930?

International trade collapsed Signup and view all the answers

How did the Federal Reserve respond to the financial collapse?

Overcorrected by raising interest rates and tightening credit Signup and view all the answers

What did the Agricultural Adjustment Act (AAA) aim to do?

Raise the prices of agricultural commodities by offering cash incentives to voluntarily limit farm production Signup and view all the answers

What did the Works Progress Administration do?

Put unemployed men and women to work on projects designed and proposed by local governments Signup and view all the answers

What was the most dramatic result of the 1938 Fair Labor Standards Act?

The creation of a national minimum wage Signup and view all the answers

Study Notes

Stock Market and Economic Conditions

Prior to the stock market crash, only 10% of Americans were investing in the stock market.

FDR and Judicial Influence

FDR proposed a "court-packing scheme" to appoint up to six justices aligned with his policies.

Immigration Trends

During the Great Depression, more individuals left the U.S. than those entering.

Hoover's Economic Philosophy

Herbert Hoover's "Associationalism" advocated for voluntary business practices to promote economic welfare without government intervention.

Critique of the New Deal

Senator Huey Long criticized Roosevelt's New Deal for not effectively redistributing wealth to address economic inequality.

Civil Rights Progress

No significant actions taken by FDR advanced civil rights for African Americans during his presidency.

Banking Crisis Response

Roosevelt declared a bank holiday and facilitated the Emergency Banking Act to address the banking crisis upon taking office.

Environmental Impact

Agricultural mismanagement, particularly plowing up natural ground cover for crops in the Plains, significantly contributed to environmental degradation during the Great Depression.

Bonus Army

The Bonus Army consisted of WWI veterans seeking early payment of bonuses due in 1945, highlighting veterans' struggles during the economic downturn.

Economic Impact on Southern Farmers

Southern farmers were among the group of Americans who benefitted the least from the economic changes of the 1920s.

Smoot-Hawley Tariff Effects

The Smoot-Hawley Tariff of 1930 led to a dramatic collapse in international trade, worsening the economic crisis.

Federal Reserve Actions

The Federal Reserve's response to the financial collapse involved raising interest rates and tightening credit, which exacerbated economic conditions.

Agricultural Adjustment Act (AAA)

The AAA aimed to raise agricultural commodity prices by providing cash incentives to farmers to limit production, thereby driving prices higher.

Works Progress Administration (WPA)

The WPA was established to create jobs for unemployed individuals through local government projects, focusing on community needs.

Fair Labor Standards Act (FLSA)

The significant achievement of the 1938 Fair Labor Standards Act was the establishment of a national minimum wage, marking a major labor reform.

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Description

Test your knowledge with these YAWP 23 flashcards focusing on American history topics, particularly around the Great Depression and FDR's policies. Each card presents a question derived from key concepts that shaped the era. Perfect for anyone looking to enhance their understanding of U.S. historical events and figures.