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Great Depre&NewDeal

Chapter 11 The Great Depression and The New Deal

TermDefinition
Home Owners Loan Corporation 1933 The Federal Government gave home owners emergency loans with low interest rates
The Bank Holiday President Roosevelt closed all banks until they were able to prove by showing their records that they were stable and financially sound.
Federal Deposit Insurance Corporation 1933 The Federal Government created this agency to insure deposits in banks. People would not have to worry about their money any longer being lost
The Securities and Exchange Commission 1934 The Federal Government created this agency to oversee the operations of the stock market, preventing fraud.
Civilian Conservation Corps 1933 The Federal Government gave outdoor jobs to unemployed young men. Creating parks, planting trees and draining swamps.
The Federal Emergency Relief Act 1933 The Federal Government gave money to state and local governments to provide financial relief
The Public Works Administration and The Civil Works Administration 1933 The Federal Government built highways, bridges, hospitals, airports courthouses and other public facilities
The Agricultural Adjustment Act 1933 The Federal Government provided loans to farm owners to give assistance.
The Tennessee Valley Authority 1933 The Federal Government constructed dams and provided public utilities to the people of Tennessee, Alabama, Georgia, South Carolina, North Carolina, Virginia, Kentucky and West Virginia. Land conservation was also implemented for farming.
The National Recovery Act 1933 The Federal Government helped industry by increasing prices and reducing wasteful competition. 40 hour work week and a minimum wage was established.
The Agricultural Adjustment Act 1938 The Federal Government past a 2nd version of this act where it decided how much of a crop should be marketed each year. Crop surpluses were kept and farmers were asked only to plant certain amounts of their lands.
The Second New Deal 1935 It began in 1935 by President Roosevelt and was aimed more directly at reform and security
The Works Progress Administration 1935 The Federal Government created this agency to increase public employment by creating more public works projects (school construction, courthouse construction, roads built) Artists, architects, writers, and musicians were paid to provide services.
The Social Security Act 1935 The Federal Government created this law that provided: A. Unemployment insurance B. Retirement benefits C. Assistance for the disabled and orphaned
National Labor Relations Act or Wagner Act 1935 The Federal Government created this law to help labors create unions and to bargain collectively with their employers.
The Sit Down Strike 1936 Automobile workers held a strike at the General Motors plant in Flint Michigan. The workers wanted to create a union and General Motors was not allowing it to happen. The Federal Government refused to help General Motors
Fair Labor Standards Act 1938 The Federal Government created this law to set maximum working hours and establish a minimum wage. Child labor was outlawed and monitored.
Franklin D Roosevelt He was the 32nd President of the United States March 4, 1933 – April 12, 1945
Smoot Hawley Tariff This tax was extremely high and was placed on all international goods. It crippled the international trade of the United States forcing the Great Depression
economic boom a general period of prosperity
bull market a stock market in which stock prices were steadily increasing. This took place during the 1920s.
The Great Depression A time in American History from 1929 until 1941 that the United States struggled economically. The Federal Government passed numerous pieces of legislation to help the country
Black Tuesday This day, October 29, 1929, the Stock Market in the United States crashed.
Hoovervilles These makeshift structures were created in many cities. People who were homeless and unemployed lived in them.
buy stocks on margin the purchasing of stocks by only putting 10% down and borrowing 90% to pay over time.
foreclosure property is seized because the mortgage has not been paid.
President Herbert Hoover The 31st President of the United States. He mostly ignored the coming of the Great Depression and thought the country would fix itself.
The Dust Bowl A series of extreme drought that gripped the Great Plains of the United States in the 1930s. Crops failed and farmers lost everything. Many of these farmers moved to cities to find work and care for their families.