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Chapter 12 and 13

Chapter 12 and 13 vocabulary

QuestionAnswer
1) Speculation The practice of engaging in risky financial transactions in an attempt to profit from short or medium term fluctuations in the market value of a tradable good such as financial instrument.
2) Black tuesday Stock Market crash of 1929, began in late october 1929 and was the most devastating stock market crash in the history of the U.S.
3) Business Cycle Economy wide fluctuations in production, trade and economic activity in general over several months or years in an economy organized on free enterprise principles.
4) Great Depression Severe worldwide economic depression in the decade preceding world war . it was the longest, deepest, most widespread depression of the 20th century.
5) Hawley- Smoot Tariff An act sponsored by Senator reed Smoot and representative Willis C. Hawley and signed into law on June 17,1930, that raised U.S. tariffs on over 20,000 imported goods to record level.
6) Bread line place where food is offered to the hungry for free or at a below market price.
7) Tenant Farmer someone who works on someone else's land for free.
8) Dust bowl A period of severe dust storms that great damaged the ecology and agriculture if the US and Canadian prairies during the 1930s
9) Okies A resident or native of Oklahoma
10) Repatriation the process of returning a person to their place origin or citizenship
11) Localism A range of political philosophies which prioritize the local
12) Reconstruction Finance Corporation An independent agency if the united states gov. established and chartered by the US congress in 1932.
13) Trickle- Down Economics Term united States politics have to refer to as the idea that tax breaks or other economic benefits provided to businesses and upper income levels will benefit poorer members or society.
14) Hoover Dam Once known as a boulder dam, is a concrete arch-gravity dam in the black canyon of the colorado river.
15) Bonus Army the popular name of an assemblage of some 43,000 marchers- 17,000 WW1 veterans, their families, and groups, who gathered to demand cash payment.
16) New Deal a series of domestic programs enacted in the US between 1933 and 1938
17) Hooverville name for shanty towns built by homeless people.
18) Fire-side chat a series of thirty evening radio addresses given by united states president between 1933 and 1944
19) FDIC operating as an independent agency created by the banking act in 1933.
20) TVA problem solving approach to fulfilling its mission integrated resource management
21) NRA organization founded in 1871 that promotes firearm competency, safety, and ownership, as well as police training , market-ship, hunting, and self defense training.
22) PWA designed to reduce unemployment and increase purchasing power through the construction of highways and public buildings.
23) Second New Deal second set of new deals used to help economic struggles
24) WPA work program fort the unemployed
25) Pump Priming operation of older pumps
26) Social Security act attempt to limit what was seen as dangers in the modern american life, including old age, poverty, widows, and fatherless children.
27) Wagner Act a foundational statue of US labor law which guaranteed basic rights of private sector employees to organize into trade unions, engage in collective action including strike
28) Collective Bargaining a process of negotiations between employers and a group of employees aimed and reaching agreements that regulate better working conditions.
29) Fair labor Standards act introduced a maximum 44 hour 7 day worksheet, established a national minimum wage.
30) CIO a federation of unions that organized workers in industrial unions in the united states and Canada from 1935 to 1955
31) sit down strikes a from of civil disobedience in which an organized group of workers go on strike.
32) Court packing a legislative initiative proposed by US president roosevelt to add more justice.
33) Black Cabinet first known s the federal council of negro affairs, as informal group of african a mercian public policy advisors to united states president Roosevelt.
34) indian news deal US federal legislative that secure certain rights to naive americans including Alaska natives
35) welfare state a concept of government in which the state plays a key role in the protections and promotion of the economic and social well- being of its citizens.
36) war of the worlds an english military science fiction novel by H.G. wells.
37) the wizard of OZ a 1939 American musical fantasy film.
38) federal art project was the visuals arts arm of the great depression era new deal works progress admin. federal one program in the US.
39) Mural any piece of artwork paired or applied directly on a wall, ceiling or permeant surface.
40) CCC it provided jobs for more than 2 million young men
41) pump priming people who worked on public projects put money into the hands of consumers who would buy more goods.
Created by: 100003074064042