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The Great Depression
Question | Answer |
---|---|
Bonus Army | Wanted early payments of their promised bonus (WWI) |
John Maynard Keynes | British economist - supported the policy of deficit spending to help end the Depression |
"Nothing to fear but fear itself" | FDR |
Herbert Hoover | President at the beginning of the Depression |
Francis Perkins | First Female Cabinet member - Secretary of Labor |
Brain Trust | FDR's advisors |
Fireside Chats | Explained FDR's actions during the Depression |
TVA | Tennessee Valley Authority - Protect from floods, electrical power, & create jobs |
CCC | Civilian Conservation Corp - Put thousands of young men to work - outdoor jobs planting trees, stocking fish, building wilderness trails, etc. |
Deflation | drop in prices and wages |
AAA | Agricultural Adjustment Act - designed to raise the real income of farmers - limited the production of wheat, corn, cotton, hogs, tobacco, and milk |
Charles Coughlin | Used his radio show to attack the New Deal, calling it communist |
Collective Bargaining | process in which employers negotiate with labor unions |
Social Security | helped the elderly with income after retirement - unemployment compensation, workman's comp etc. |
FDIC | Federal Deposit Insurance Corporation - Federal Government insures bank deposits |