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New Deal Vocab
Depression and New Deal Vocab
Question | Answer |
---|---|
Dow Jones Industrial Average | The most widely used barometer of the stock market's health |
spectulation | The buying of stocks and bonds on the chance that the price will increase and the buyer can make a quick profit. |
The Great Depression | The period between 1929 and 1940 in which the economy plummeted and unemployment skyrocketed. |
Herbert Hoover | President of the United Stated between 1928 and 1932. Was the scapegoat in who was to blame for the Great Depression |
Soup kitchens | Offering free or low cost food to the homeless during the Great Depression. |
Dust Bowl | including Texas, Oklahoma, Kansas, Colorado and New Mexico, that was made worthless for farming by drought and dust storms by the 1930s |
Boulder Dam | Dam built on the Colorado River that was built during the Great Depression intended to stimulated business and provide jobs. |
Bonus Army | World War 1 vets and families who marched on D.C. to demand that they receive their payment from the War. |
Civilian Conservation Corps | Agency that put unemployed young men to work building roads, developing and maintaining parks and planting trees. About 3 million joined. |
Agricultural Adjustment Act | Act that raised crop prices by paying farmers to leave part of their field unplanted or not selling some of their animals |
Federal Deposit Insurance Corporation | Created in 1933 to insure individuals' bank savings up to $5000 should a bank fail. |
Federal Emergency Relief Act | Provided direct relief to the needy in the forms of food and clothes. |
Federal Home Loan Bank Act | Act that lowered home mortgage rates and allowed farmers to refinance their loans and avoid foreclosure |
National Industrial Recovery Act | Set up public works projects such as building schools by providing the states with money to created these jobs |
National Labor Relations Board | Agency that prevented the unfair labor practices and to mediate disputes between workers and management. |
Home Owners Loan Corporation | Helped people who couldn’t pay their loans. |
Social Securities Act | Provided a pension for retired workers and their spouses and aided people with disabilities |
Wagner Act | protected the right of workers to join unions with the formation of the NIRA |
National Youth Administration | Provided job training for unemployed young people and gave financial aid and part time jobs to students. |
Works Progress Administration | Established more than 8 million jobs in the Second New Deal including jobs in construction, the arts, teaching and garment making. |
Reconstruction Finance Corporation | authorized $2 Billion for emergency financing of large corporations such as insurance companies, railroads, and other large businesses. |
New Deal | President Roosevelt's program to alleviate the problems of the Great Depression. focusing on relief, recovery and reform. |
Securities and Exchange Commission | Agency that monitors the stock market and enforces laws regulating the sale of stocks and bonds |
Tennessee Valley Authority | Constructed dams along the Tennessee River to supply jobs and electricity to the local population as well as prevent flooding |
Eleanor Roosevelt | went around the US to meet with the people and informed Franklin Roosevelt aoub what actions to take |
New Deal Coalition | Diverse group dedicated to the Democratic Party |
Frankin Roosevelt | Elected President in 1932, reform-minded Governor of New York who was related to Teddy Roosevelt |
Mary McLeod Bethune | African American leader who advised FDR on racial issues as well as became a leader for the NYA |
John Collier | Commissioner of Indian Affairs, who gave the Native American tribes more autonomy. |
Federal Securities Act | A law that required corporations to provide complete and accurate information on all stock offerings |