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Social 8 ch.22/23
Great Depression
| Term | Definition |
|---|---|
| Anarchist | people who oppose all organized government |
| Disarmament | reduction or limitation of military armaments |
| Communism | economic and political system in which the state owns the means of production and a single party rules |
| Calvin Coolidge | President upon the death of Harding. He cut regulations on businesses which sparked rapid economic growth. |
| Warren G. Harding | President following WWI who wanted a return to "normalcy" |
| Stock Market | corporations sold stock, or shares of ownership in the company |
| Recession | an economic slump |
| Bull Market | a period of increased stock trading and rising stock prices |
| Teapot Dome Scandal | Secretary of Interior Albert Fall secretly leased government land to two oil executives for a bribe. First Cabinet official to be sent to prison |
| Kellogg-Braid Pact | U.S. and 61 other nations signed the treaty that outlawed war. |
| Prohibition | A total ban on the sale and consumption of alcoholic drinks |
| Speakeasies | Illegal bars that served liquors during the period of Prohibition |
| League of Women Voters | set up by Carrie Chapman Catt to educate women on the issues |
| Henry Ford | introduced the assembly line for his automobile industry |
| Charlie Chaplin | the "Little Tramp" was a film star and comedian during the 1920s |
| Charles Lindberg | "Lucky Lindy" was the most beloved hero of the era. Non-stop flight |
| Sinclair Lewis | writer who wrote about the unfairness of middle-class culture |
| Flappers | young women that rebelled against traditional ways of thinking and acting |
| Jazz | a new type of music born in New Orlean |
| Harlem Renaissance | African American culture (writers, poets, musicians) that migrated into NYC Harlem who reacted to prejudices |
| Herbert Hoover | President 1939 insisted country's problems were only temporary and not as bad as some claimed. |
| Hooverville | Shanty town full of shelters mad of cast-off materials |
| Payroll tax | tax removes money directly from workers' paycheck |
| Pension | a sum of money paid to people on a regular basis after they retire |
| National Debt | the total sum of money a nation owes |
| Deficit Spending | government spending more money than is takes in |
| Liberty League | Conservation business leaders that felt FDR had gone too far and interfered too much with business |
| FDR | Democratic candidate that became US President helped the American people regain faith in themselves. Assuming the Presidency at the depth of the Great Depression, |
| Black Cabinent | African Americans advised President on African American issues |
| Dust Bowl | Drought and Storms in Great Plains |
| New Deal | FDR's plan for relief for the unemployed, plans for recovery and reforms to prevent another depression |
| Black Tuesday | Day stock market crashed |
| Great Depression | A period of economic hard times that followed the stock market crash that lasted until 1941 |
| Social Security Adminstration | SSA income due to old age, unemployment, physical disability |
| Federal Deposit Insurance | FDIC federal government inspects bank and insurance against bank failures |
| Securities and Exchange Commission | SEC agency created to watch stock market |
| National Labor Relations Board | FLSA secure reasonable working hours' basic working conditions; minimum wage |
| Home Owners Loan Corporation | HOLC part of recovery that set up Federal Housing Administration to guarantee mortgages |
| National Industrial Recovery Act | NIRA increased production by suggesting quotas, prices and wages |
| Civil Conservation Corporation | CCC employed 2.5 million young men in military like organizations, reforestation |
| Works Progress Administration | part of relief program that gave jobs to 3 million fixing roads, parks, public buildings |
| Federal Emergency Relief Act | law provided direct aid to country's poor and starving |