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Sam history 11

U.S. History Vocab Chapter 11

TermDefinition
bull market A long period of rising stock prices.
margin Buying a stock by paying only a fraction of the stock prices and borrowing the risk.
bank run Persistant and heavy demands from a bank's depositers.
Black Tuesday When the Stock Market crash on Oct. 29,1929.
hobos A homeless and usually penniless wanderer.
Bonus Army A group of WW1 veterans led by Walter Waters that protested to receive their pays seonen due to the Great Depression.
Relief Immediate action taken to halt the economy's deterioration.
Bank Holiday Declared so that the panic would be stopped.
Civilian Conservation Corps (CCC) Employed young men at the age 18-25 worked on public-works projects.
Agricultural Adjustment Act (AAA) Pay for not growing food and crops.
Tennessee Valley Authority (TVA) Agency created to build dams.
Home Owners Loan Corporation (HOLC) Gave loans to homeowners to their mortgages.
Federal Deposit Insurance Corporation (FDIC) Permanent Agency designed to insure depositors money in saving banks. Originally insured up to $5,000 per depositer-today it has increased to $100,000.
National Recovery Administraion (NRA) Members of the NRA displayed a blue eagle.
Public Works Administration (PWA) Provided long term government jobs building public projects at government expense.
Securities and Exchange Commission (SEC) Permanent Agency set up to monitor stock market activity and ensure that no fraud or insider trading was taking place.
Works Progress Administration (WPA) Employed 3.5 million people to build roads, playgrounds, schools, airports, hospitals; also employed actors artists,and musicians to helped unemployment.
Schechter v. United States Declared NRA Constitutional by Schechter.
Created by: SimonaSomers