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late 20s/early 30s
Term | Definition |
---|---|
buying on margin | buying more stocks than you can afford, going into debt with bank and having to sell your belongings |
hoover did for america | hoover dam, reconstruction finance corp, smoot-hawley tariff: raise taxes on imported goods |
dust bowl causes | loose topsoil, bad farming techniques, drought, over planting wheat |
three r's | relief, recovery, reform |
speculation | buying stocks you don;t know about, taking a risk on it. "buy low, sell high" |
CCC | Civilian Conservation Corps. provided jobs for men ages 18-25 to provide for their families, helped environmental things and built roads and planted trees and whatever |
FDIC | federal deposit insurance corporation, guaranteed safety/recovery of a person's deposit account. If you lose your money you will get it back. |
AAA | pay farmers not to plant on parts of their land. less expensive for farmers. raised crop prices. rested the land. bam |
TVA | Tennessee valley authority, rovide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development in the Tennessee Valley. provided jobs for many people |
PWA | public works administration, built large scale public works such as dams, bridges, hospitals, and schools |
NRA | national recovery administration, brought industry, labor and government together to create "fair practices", declared unconstitutional |