History 112 Final Exam Review


15 cards   |   Total Attempts: 182
  

Cards In This Set

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The Reconstruction Finance Corporation (RFC)
Was established during the Hoover administration with the primary objective of providing liquidity to, and restoring confidence in the banking system. The banking system experienced extensive pressure during the economic contraction of 1929-1933. During the contraction period, many banks had to suspend business operations and most of these ultimately failed. A number of these suspensions occurred during banking panics, when large numbers of depositors rushed to convert their deposits to cash from fear their bank might fail.
AAA 1933 The intent of the AAA
was to restore the purchasing power of American farmers to pre-World War I levels. The money to pay the farmers for cutting back production by about 30 percent was raised by a tax on companies that bought farm products and processed them into food and clothing. (But by the 1920s, European agriculture had recovered and American farmers found it more difficult to find export markets for their products. Farmers continued to produce more food than could be consumed, and prices began to fall.
National (Industrial) Recovery Act (NRA)
was passed by Congress on June 16, 1933. "The National Industrial Recovery Act (soon shortened to NRA) became law under President Franklin Roosevelt in 1933 and dramatically altered America’s traditional free-market system. Under the NRA, a majority of firms in any industry had government approval backed by force to determine how much a factory could expand, what wages had to be paid, the number of hours to be worked, and the prices of products.
  the Social Security Act, 1935
became law above President Franklin D. Roosevelt's signature. The Social Security Act is one of the truly momentous legislative accomplishments in United States history. Enacted in the throes of the Great Depression, it was a sweeping bill that generated an array of programs to aid numerous groups of Americans. The law got its title from the groundbreaking social insurance program designed to provide a steady income for retired workers aged 65 or older.
The Works Progress Administration (WPA)
was instituted by presidential executive order under the Emergency Relief Appropriation Act of April 1935, to generate public jobs for the unemployed. The WPA was restructured in 1939 when it was reassigned to the Federal Works Agency.
Treaty of Versailles May 7, 1919
This treaty was an agreement between the Allies, the winning countries of WWI, which were mainly France, Italy, the United Kingdom, and the United States. The treaty was created primarily so that the Allies could decide and agree upon what they wanted to do to the Central Powers, the losing countries of WWI, which were mainly Germany, Austria-Hungary, Bulgaria, and the Ottoman Empire. Woodrow Wilson (President of the United States), David Lloyd George (Prime Minister of the United Kingdom), Georges Clemenceau (Premier of France), and Vittorio Orlando (Prime Minister of Italy), were known as the Big Four.
Potsdam Conference
On 16 July 1945, the "Big Three" leaders met at Potsdam, Germany, near Berlin. In this, the last of the World War II heads of state conferences, President Truman, Soviet Premier Stalin and British Prime Ministers Churchill and Atlee discussed post-war arrangements in Europe, frequently without agreement. Future moves in the war against Japan were also covered. The meeting concluded early in the morning of 2 August.
Manhattan Project
The Manhattan Project is the code name for the US government's secret project that was established before World War II and culminated in the development of the nuclear bomb. The idea of forming a research team to create a nuclear weapon was endorsed in a letter than Einstein sent to Franklin Roosevelt, the president of America at the time. This was in 1939.
the Marshall Plan 1947 by George Marshall
was intended to rebuild the economies and spirits of western Europe, primarily. Marshall was convinced the key to restoration of political stability lay in the revitalization of national economies. Further he saw political stability in Western Europe as a key to blunting the advances of communism in that region.
McCarthyism
McCarthy’s Senator Joseph McCarthy witch-hunt began in 1950 when he announced he had a list of 205 known communists employed by the state department. His charges led to years of senate and house investigations and were responsible for many people losing their jobs. The reputations of the victims of McCarthyism were destroyed and their families were torn apart. Popular condemnation was brought down upon people who were accused by McCarthy.
Truman Doctrine
On March 12, 1947, in an address to Congress, President Harry S. Truman declared it to be the foreign policy of the United States to assist any country whose stability was threatened by communism. His initial request was specifically for $400 million to assist both Greece and Turkey, which Congress approved. The Truman Doctrine was followed by the Marshall Plan later that year.
National Consumers' League
formed in 1899 by Florence Kelley, the first woman chief inspector. It lobbied for legal protection of women and children. Child labor scandalous condition.
domino theory
also called Domino Effect, theory in U.S. foreign policy after World War II stating that the “fall” of a noncommunist state to communism would precipitate the fall of noncommunist governments in neighboring states. The theory was first proposed by President Harry S. Truman to justify sending military aid to Greece and Turkey in the 1940s, but it became popular in the 1950s when President Dwight D. Eisenhower applied it to Southeast Asia, especially South Vietnam
The Bay of Pigs Invasion
was an unsuccessful attempt by United States-backed Cuban exiles to overthrow the government of the Cuban dictator Fidel Castro. Increasing friction between the U.S. government and Castro's leftist regime led President Dwight D. Eisenhower to break off diplomatic relations with Cuba in January 1961. Even before that, however, the Central Intelligence Agency had been training anti-revolutionary Cuban exiles for a possible invasion of the island.
The Gulf of Tonkin
Incident occurred in August 1964. North Vietnamese warships purportedly attacked United States warships, the U.S.S. Maddox and the U.S.S. C. Turner Joy, on two separate occasions in the Gulf of Tonkin, a body of water neighboring modern-day Vietnam. President Lyndon Baines Johnson claimed that the United States did nothing to provoke these two attacks and that North Vietnam was the aggressor.