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Chap. 12&13

1. Speculation practice of making high risk investments in hopes of obtaining large profits
2. Black Tuesday October 29, 1929 when stock prices fell sharply in the Great Crash
3. Business Cycle periodic growth and contraction of the economy
4. Great Depression period lasting from 1929 to 1941 in which the US economy faltered and unemployment soared
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. Hoover term used to describe makeshift shantytowns set up by homeless people during the Great Depression
8. Tenant Farmer working for bigger landowners rather than for themselves
9. Dust Bowl the central and southern Great Plains during the 1930's 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 1930's
12. Localism policy relied on by 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. Trickle-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 to them by congress
17. New Deal programs and legislation enacted by FDR 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. Federal Deposit Insurance Corporation (FDIC) government agency that insures bank deposits, guaranteeing that depositors' money will be safe
20. Tennessee Valley (TVA) government agency that builds dams in the Tennessee River valley to control flooding and generate electric power
21. Civilian Conservation Corps (CCC) New Deal program that provided young men with relief jobs on environmental conservation projects, including reforestation and flood control
22. National Recovery Administration (NRA) New Deal agency that promoted economic recovery by regulating production, prices, and wages
23. Public Works Admnistration (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. Works Progress Administration (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 goods, 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 with 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. Congress Of Industrial Organization labor organization 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 advisers to Franklin D. Roosevelt
35. Indian New Deal 1930s legislation that gave Indians greater control over their affairs and provided funding for schools and hospitals
36. New Deal Coaliton 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. Wizard Of Oz one of the most memorable depression-era films
39. War Of The Worlds drama of millions of Americans caused by the Mercury Theatre broadcast
40. Federal Art Project division of the Works Progress Administration that hired unemployed 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: mitchin28