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INTRO 25

Intro to US History Chapter 25

TermDefinition
stock exchange place where shares in corporations are bought and sold through an organized system
on margin to buy stock, paying only a fraction of the stock price and borrowing the rest
default to fail to meet a financial obligation on a loan
relief aid for the needy; welfare
public works projects such as highways, parks, and libraries built with public funds for public use
Hundred Days a special session of Congress that dealt with problems of the depression
New Deal a group of laws that aimed to relieve the Depression--Congress passed these laws in the hundred days and months that followed
work relief programs that gave needy people government jobs
subsidy grant of money from the government to a person or a company for an action intended to benefit the public
Dust Bowl the area of the southern Great Plains severely damaged by droughts and dust storms during the 1930s
migrant worker a person who moves from place to place to find work harvesting fruits and vegetables
pension a sum of money paid regularly to a person, usually after retirement
Second New Deal a new set of programs and reforms launched by FDR in 1935
Social Security Act law requiring workers and employers to pay a tax--that money provides a monthly pension for retired people
unemployment insurance payments by the government for a limited time to people who have lost their jobs
Created by: mmatulevicz
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