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Chapter 12 13 vocab

speculation practice of making high-risk investments in hopes of making large profits.
Black tuesday Oct. 29 1929 when the stock market crashed.
business cycle periodic growth and contraction of the economy.
great depression period lasting from 1929 to 1941 in which the US ecnomy failed.
Hawley-Smoot tariff protective import tax.
bread line line of people waiting for food handouts from charities.
hooverville term to describe makeshift shantytowns set up by hoboes during the great depression.
tenant farmer farmers working for large land owners.
Dust bowl term used for the central and southern great plains during the 1930s when the region suffered from drought and dust storms.
okies general term used to describe dust bowl refugees.
repatriation process by which mexican americans were encourged or forced, by local, state, and federal officals to return to mexico during the 1930s.
localism policy relied on by president hoover in the early years of the depression whereby locals and state governments act as primary agents of economic relief.
Reconstruction Finance Corporation federal ageny set up by congress in 1932 to provide emergency gov't credits to banks, rr's. and other large businesses.
trickle-down ecnomics economic theory that holds money lent to banks and businesses will trickle down to consumers.
Hoover dam Dam on the colorado river that was built in the great depression.
bonus army group of WWI veterans who marched on washingtion d.c. in 1932 in demand of early payment of a bonus promised to them by congress.
new deal programs and legislation enacted by Franklin D. Roosevelt during the great depression to promote economic recovery and social reform.
fireside chat informal radio broadcasts in which FDR explained issues and new deal programs to average americans.
FDIC gov't agency that insures banks deposits, guaranteeing that depositers' money will be safe.
TVA gov't agency that built dams in the tennessee river valley to control flooding and generate electric energy.
CCC new deal program that provided young men with relief jobs on enviromental conservation projects, including reforestation and flood control.
NRA new deal agency that promoted economic recovery by regulating production, prices and wages.
PWA new deal agency that provided millions of jobs constructing buildings.
second new deal legislative activity begun by FDR in 1935 to solve problems created by the great depression.
WPA key new deal agency that provide work relief through various public work projects.
pump priming economic theory that favored public works projects because they put money into the hands of consumers who would buy more goods, stimulating the economy.
social security act 1935 law that set up a pension system for retirees, established unemployment insureance, and created insureance for victims of work-related accidents, provided aid for povertty-stricken mothers and children, the blind and the disabled.
wagner act new deal law that abolished unfair labor practices, reconized the right of employees to organize labor unions, and gave workers the right to collective bargining.
collective bargaining process in which employers negotiate with labor unions about hours, wages, and other working conditions.
fair labor standards act 1938 law that set a minimum wage, a maximum workweek of 44 hours and outlawed child labor.
CIO labor organization founded in the 1930s that represented unskilled industrial workers.
sit-down strikes labor protest in which workers stop working and occupy the workplace until their demands are meet.
court packing FDR plan to add up 6 new justices to the 9 member supreme court after the court had ruled that some new deal legislaturetion was unconstitutional.
Black cabinet group of african american leaders who served as unoffical advisers to FDR.
indian new deal 1930 legislation that gave indians far greater control over their affairs and provided funding for schools and hospitals.
new deal coalition political force formed by diverse groups who untied to support FDR and his new deal.
welfare state gov't that assumes responsibilities for providing for the welfare of the poor, elderly, sick, and unemployed.
the wizard of oz a depression era film.
war of the worlds a radio drama in the depression.
federal art project divison of the works progress administration that hired unemployed artists to create artworks for public buildings and sponsored art education programs and exhibitions.
mural a large picture painted directly on a wall or ceiling.
Created by: Peterj17