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Preble SS11: Ch 25
The Great Depression and the New Deal
Question | Answer |
---|---|
Assembly line | manufacturing using a conveyor belt to move materials to workers who stay in one place to work |
Credit | arrangement for delayed payment of a loan or purchase |
Installment buying | paying for items in small monthly payments |
Laissez faire | theory that business, if free of government regulation, will act in ways that benefit the nation |
Speculation | buying and selling risky items in the hope of making a quick profit |
Tariff | tax on imported goods |
Great Depression | the serious and world-wide economic decline of the 1930's |
Public works | government-funded projects to assist individuals, families, and communities in need |
Stock market crash of 1929 | plunge in stock market prices that market that the beginning of the Great Depression |
Warren G. Harding | 29th president, served from 1921-1923 with a focus on peace abroad and prosperity at home |
Calvin Coolidge | 30th president, served from 1923-1929 with a pro-business aim |
Herbert Hoover | Republican president who failed to halt the Great Depression |
Deficit spending | using borrowed money to fund government programs |
Socialism | economic system in which members of a society own businesses equally |
Dust bowl | Region including parts of Kansas, Oklahoma, Texas, Colorado, and New Mexico in which farms were damaged by dust storms |
Eleanor Roosevelt | Wife of FDR who helped him monitor New Deal programs and became a strong voice for women and minorities |
Fireside chats | series of radio talks in which FDR explained his policies in a casual style |
First New Deal | 1933 - 1935 program created by President Roosevelt to fight the Depression |
Second New Deal | 1935 - 1937 extension of Roosevelt's First New Deal |
Social Security Act | law creating fund for assisting retired workers and the unemployed |
Franklin Delano Roosevelt | Democratic president who created the New Deal to counter the effects of the Great Depression |