click below
click below
Normal Size Small Size show me how
Chapter 14 & 15
Vocabulary
| Question | Answer |
|---|---|
| Price Supports | the maintence of a price at a certain level through government intervention |
| Dows Jones Industrial Average | a measure based on the prices of the stocks of 30 large companies widely used as a barometer of te stock market health. |
| Speculation | an involvement in risky buisness transactions in an effort to make a quick or large profit. |
| Buying on Margin | the purchasing of stock by paying only a small percentage of the price and borrowing the rest |
| Direct relief | the giving of money or food by the government directly to needy people |
| Dust Bowl | the region that was made worthless for farming by drought and dust storms during the 1930s. |
| Herbert Hoover | 31st President |
| Federal Home Loan Bank Act | a law enacted that lowered home mortage rates and allowed farmers to refinance their loans and avoid foreclosure |
| Reconstruction Finance Corporation | an agency established to provide emergency financing to banks, life insurance companies, railroads, and other large buisnesses. |
| Bonus Army | a group of WWI veterans and their families who marched to demand the immediate payment of a bonus they had been promised for military service |
| Franklin Delano Roosevelt (FDR) | two term governor of New York |
| New Deal | President FDR program to alleviate the problem of the Great Depression-focusing on the relief of needy, economic recovery, and financial reform. |
| Glass-Stegall Act | law established the Federal Deposit Insurance Corporation to protect individual bank accounts |
| Federal Securities Act | required corporations to provide complete, accurate information on all stock offerings. |
| Agricultural Adjustment Act (AAA) | law enacted to raise crop prices by paying farmers to leave a certain amount of their land unplanned,thus lowering production |
| Civilian Conservation Corps (CCC) | an agency established as a part of the New Deal, that put young unemployed men to work building roads, developing parks, planting trees, and helping in erosion |
| National Industrial Recovery Act (NIRA) | established codes of fair practice for industries and to promote industrial growth |
| Deficit Spending | governments spending more maney than it recieves in revenue |
| Works Progress Administration (WPA) | established as part of the second new deal, provided the unemployed with jobs in construction, garmet making, teaching, the arts, and other fields. |
| National Youth Administration (NYA) | an agency that provided young Americans with aid and employment during the Great Depression |
| Social Security Act | provided aid to retirees, the unemployed, people with disabilities and families with dependent children. |
| Wagner Act | protect workers rights after the Supreme Court declared the National Industrial Revoery Act unconstitutional. |
| Frances Perkins | America's first female cabinet member for young African Americans |
| Mary McLeod Bethune | educator who dedicated herself to promoting opprotunities |
| New Deal Coalition | an alliance of diverse groups who supported the policies of Democratic Party |
| Federal Deposit Insurance Corporation (FDIC) | an agency that ensured individuals bank accounts, protecting people against losses due to bank failures. |
| Securities and Exchange Commission (SEC) | an agency created that monitors the stock market and enforces law regulations the sale of stocks and bonds |
| National Labor Relations Board (NLRB) | an agency created to prevent unfair labor practices and to mediate dispute between workers and management |
| Parity | a government supported level for the prices as agricultural products intended to keep famrers income steady |
| Tennessee Valley Authority (TVA) | a federal corporation to construct damns and power plants in Tenessee Vale region to generate elecricity as well as to prevent floods. |