Level 416
Level 417

Great Depression


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on margin
practice that allows people to buy stock with a down payment of a portion of the value
Black Tuesday
day the stock market crashed, signaling the start of the Great Depression
Great Depression
The economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s.
bankrupt
unable to pay debts
relief program
government program to help the needy
soup kitchen
place where food is provided to the needy at little or no charge
public works
projects built by the government for the public
Hooverville
group of shacks in which homeless lived during the Great Depression
Bonus Army
veterans who marched to Washington in 1932 to demand immediate payment of a World War I bonus
Smoot-Hawley Tariff or Hawley-Smoot Tariff
1930 legislation under Pres. Hoover that raised import duties by as much as 50%, worsening the worldwide depression because countries stopped doing business with us.
National Industrial Recovery Act (NIRA)
Develops rules for doing business
Truth-in-Securities Act
Regulates the stock market, it requires companies traded on Stock Market to register with the federal government and disclose their financial statements and other activities
Fireside Chat
radio speech given by Franklin D. Roosevelt while in office
Hundred Days
first hundred days of Franklin D. Roosevelt's presidency
Civilian Conservation Corps [CCC]
New Deal program that hired unemployed men to work on natural conservation projects
Tennessee Valley Authority [TVA]
New Deal program developed in 1933 that created jobs by building dams to control flooding and produce cheap electric power. The Tennesee Valley was severely affected by The Great Depression.
Cons of Roosevelt's New Deal
- Government should not interfere in business or in people's private lives.
Hardships faced by women
faced difficulty finding jobs; men usually hired before women.
Hardships faced by African Americans
often first to lose jobs; faced continued discrimination; a few leaders became advisers to President Roosevelt.
Hardships faced by Mexican Americans
faced discrimination; some forced to return to Mexico.
Hardships faced by Asian Americans
faced discrimination; competition over jobs leads to calls that they leave the country.
Hardships faced by Native Americans
faced terrible poverty; however, Congress passes new laws giving them more control over their own affairs.
Dust Bowl
a severe drought that struck the region. Heavy windstorms descended, transporting the dust in dense black clouds. These "black blizzards" were so dark that livestock were sometimes fooled into thinking that night had fallen.…
migrant worker
person who moves from one region to another in search of work
Black Cabinet
group of black leaders who unofficially advised President Franklin D. Roosevelt concerning the situation of African Americans
civil rights
the rights due to all citizens
Indian New Deal
series of laws in the 1930s that gave Native Americans greater control over their own affairs
music, art, dance, fashion/style, fads
Name the 6 things that people valued during the roaring 20's
inflation
a sustained increase in the price of goods and services over a period of time (think of an inflated balloon full of air)
deflation
a sustained decrease in the price of goods and services over a period of time (think of a deflated balloon there is no air)
Gross Domestic Product GDP
total of goods and services produced in a country
Unemployment
occurs when people 16 years and older are out of work and are ACTIVELY seeking work.
Federal Reserve System
established in 1913 as the nation's central bank; makes decisions regarding this nation's money
Consumer Price Index -CPI
measures changes in the price level of a basket of consumer goods and services purchased by households such as transportation, food, medical care. Assesses price changes associated with cost of living.
cost of living
The average cost a family pays for the basic necessities of life, such as food, shelter, and clothing.
The Social Security Act of 1935
Program designed by FDR to help elders during The Depression and continues today requiring a portion of each paycheck to be set aside as retirement income.
buying on margin
practice that allows people to buy stock with a down payment of a portion of the value
polio
highly infectious disease that causes inflammation of the nerve cells of the brain stem and spinal cord, leading to paralysis
KKK
Stands for Ku Klux Klan and started right after the Civil War in 1866. The Southern establishment took charge by passing discriminatory laws known as the black codes. Gives whites almost unlimited power. They ma…
S.E.C
an independent federal agency that oversees the exchange of securities to protect investors
NRA
Attempted to combat the Depression through national economic planning by establishing and administering a system of industrial codes to control production, prices, labor relations, and trade practices among leading business interests; ruled unconstitutional by the Supreme Court in 1935
Level 418