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U.S. History

Topic 8 "The Great Depression and New Deal"

Herbert Hoover
Black Tuesday October 29th, 1929 when stock prices fell sharply in the great crash
Business cycle Periodic growth and contraction of the economy
Capitalism an economic system in which a country's industry is controlled by private owners for profit, rather than by the state.
Blue Collar A working class person who typically performs manual labour.
Free enterprise an economic system in which private business operates in competition and largely free of state control.
Inflation A sustained increase in the general price level of goods and services in an economy over a period of time
Bonus Army The assemblage of some 43,000 marchers many who were World War I veterans who gathered in Washington, D.C., in the spring and summer of 1932 to demand cash redemption of their service certificates.
Dust Bowl A period of severe dust storms that greatly damaged the ecology and agriculture of the US prairies during the 1930s
Franklin D. Roosevelt President of the United States during a time of worldwide economic depression and total war. He was a dominant leader of the Democratic Party who built a New Deal program that realigned American politics after 1932
Federal Deposit Insurance Cooperation (FDIC) Government agency that insures bank deposits, guarenteeing that depositors money will be safe
Tennessee Valley Authority (TVA) Government agency that built damns in the Tennessee river valley to control flooding and generate electric power
Civilian Conservation Corps (CCC) New Deal program that provided jobs to young men on conservation projects like reforestation and flood control
National Recovery Administration (NRA) New Deal agency that promoted economic growth by regulating production, prices, and wages
Public Works Administration (PWA) New deal program that provided millions with jobs constructing new public buildings
Works Progress Administration (WPA) Key new deal agency that provided work relief through various public works projects
Social Security Act (SSA) 1935 law that set up a pension system for retirees and established unemployment insurance
New Deal Programs and legislation enacted by FDR during the Great Depression that promoted economic recovery
Mary McLeod Bethune Advisor for FDR who represented the African American community and was a supporter of the New Deal programs as she saw they contributed to further equality between whites and blacks.
Created by: Mr. Peirce