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Chapter 12 & 13 Vocab

1 Speculation Practice of making high-risk investments in hopes of obtaining large profits. AustinH16
2 Black Tuesday October 29, 1929, when stock prices fell sharply in the great crash. austino11
3 Business Cycle Periodic growth and contraction of the economy. 3-13-13
4 Great Depression Period lasting from 1929 to 1941 in which the U.S. economy faltered and unemployment soared. 2nd Block
5 Hawley-Smoot Tariff Protective import tax authorized by Congress in 1930.
6 Bread Line Line of people waiting for food handouts from charities or public agencies.
7 Hooverville Term used to describe makeshift shantytowns set up by homeless people during the Great Depression.
8 Tenant Farmer Farmers who remained on the land, but worked for bigger landowners rather than themselves.i
9 Dust Bowl Term use for the central and southern Great Plains during the 1930s when the region suffered from drought and dust storms.
10 Okies General term used to describe Dust Bowl refugees.
11 Repatriation Process by which Mexican Americans were encouraged, or forced, by local, state , and federal officials, to return to Mexico during the 1930s.
12 Localism Policy relied on by President Hoover in the early years of the Depression whereby local and state governments act as primary agents of economic relief.
13 Reconstruction Finance Corporation Federal agency set up by Congress in 1932 to provide emergency government credit to banks, railroads, and other large businesses.
14 Tickle-down Economics Economic theory that holds that money lent to banks and businesses will trickle down to consumers.
15 Hoover Dam Dam on the Colorado River that was built during the Great Depression.
16 Bonus Army Group of WW1 veterans who marched on Washington, D.C.in 1932 to demand early payment of a bonus promised them by Congress.
17 New Deal Programs and legislation enacted by Franklin D.Roosevelt during the Great Depression to promote economic recovery and social reform.
18 Fireside Chat Informal radio broadcasts in which FDR explained issues and New Deal programs to average Americans.
19 FDIC Government agency that insures bank deposits, guaranteeing that depositors' money will be safe.
20 TVA Government agency that built dams in the Tennessee River valley to control flooding and generate electric power.
21 CCC New Deal Program that provided young men with relief jobs on environmental conservation projects, including reforestation and flood control.
22 NRA New Deal agency that promoted economic recovery by regulating production, prices, and wages.
23 PWA New Deal agency that provided millions of jobs constructing public buildings.
24 Second New Deal Legislative activity begun by Franklin D. Roosevelt in 1935 to solve problems created by the Great Depression.
25 WPA Key New Deal agency that provided work relief through various public works projects.
26 Pump Priming Economic theory that favored public works projects because they put money into the hands of consumers who would buy more gods, stimulating the economy.
27 Social Security Act 1935 law that set up a pension system for retirees, established unemployment insurance, and created insurance for victims of work-related accidents; provided aid for poverty-stricken mothers and children, the blind, and the disabled.
28 Wagner Act New Deal law that abolished unfair labor practices, recognized the right of employees to organize labor unions, and gave workers the right to collective bargaining.
29 Collective Bargaining Process in which employers negotiate which labor unions about hours, wages, and other working conditions.
30 Fair Labor Standards Act 1938 law that set a minimum wage, a maximum workweek of 44 hours, and outlawed child labor.
31 CIO Labor organized founded in the 1930s that represented unskilled industrial workers.
32 Sit-Down Strikes Labor protest in which workers stop working and occupy the workplace until their demands are met.
33 Court Packing` FDR plan to add up to six new justices to the nine-member Supreme Court after the Court had ruled that some New Deal legislation was unconstitutional.
34 Black Cabinet Group of African American leaders who served as unofficial adviser to Franklin D. Roosevelt.
35 Indian New Deal 1930s legislation that gave Indians greater control over their affairs that provided funding for schools and hospitals.
36 New Deal Coalition Political force formed by diverse groups who united to support Franklin D. Roosevelt and his New Deal.
37 Welfare State Government that assumes responsibility for providing for the welfare of the poor, elderly, sick, and unemployed.
38 The Wizard of Oz A movie sought as an escape from the worries of the depression.
39 War of The Worlds Realistic broadcast directed by Orson Welles.
40 Federal Art Project Division of the Works Progress Administration that hired unemployment artists to create artworks for public buildings and sponsored art-education programs and exhibitions.
41 Mural A large picture painted directly on a wall or ceiling.
Created by: AustinH16