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SS - Unit 9

The Great Depression

TermDefinition
Agricultural Adjustment Administration (AAA) A New Deal program created to help farmers - gave money to farmers
Civilian Conservation Corps (CCC) A New Deal program created to 1: create jobs for unemployed young men and 2: to improve the environment. Hired to work in national parks
Crash of 1929 A very large crash in stock market prices that ruined many investors and helped cause The Great Depression
depression a LONG lasting drop in a nation's economy
Dust Bowl AREA OF LAND - in the Great Plains that was hit by a drought
Drought A PERIOD OF TIME - low rainfall
Federal Reserve The nation's central bank to make sure that the supply of money is managed
imports Goods that come INto a country
exports Goods that go OUT of the country to be sold to other countries
National Labor Relations Act a law passed during the Great Depression to help improve the rights of workers and labor unions
New Deal the term for the many programs and agencies created by President Franklin Roosevelt and Congress during the Great Depression
overspeculation Excessive and risky investment in the stock market, especially when using borrowed money
recession A downturn in the nation's economy that is NOT AS LONG or serious as a depression
Franklin D. Roosevelt (FDR) The New York political leader who served as a president from 1933 to early 1945; created the NEW DEAL
Social Security A New Deal program that created a system of payments to retired workers, widows and children of workers who die, and disabled people that are unable to work
stocks Certificates that represent part ownership of a business
stock market A place where stocks are bought and sold
tariffs taxes a country puts on imported goods
unemployment rate the percent of workers who are looking for a job, but cannot find one
Works Progress Administration (WPA) A New Deal program to create jobs. Construction, post office and education programs
inflation a general increase in prices and fall in the purchasing value of money