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11
WWI to Great Depression
Term | Definition |
---|---|
Rural Electrification Act (REA) | New Deal program designed to build the capabilities to bring electricity to rural areas |
County Unit System | a political policy that gave each county a certain number of votes based on three categories (rural |
New Deal | Name given to a series of federal programs spearheaded by President Franklin Roosevelt in order to help the nation recover from the Great Depression. |
Agricultural Adjustment Act (AAA) | a New Deal program that paid farmers a stipend not to grow crops in order to increase the price of agricultural products. |
Civilian Conservation Corps | a New Deal program that hired unemployed young men to work on public works projects. |
Social Security Act | New Deal program that provided retirement and unemployment insurance for American taxpayers |
overproduction | a situation in which the supply of manufactured goods exceeds the demand |
reduction in purchasing | economic fears caused consumers to stop buying manufactured products |
bank failures | when banks ran out of reserves to pay customers who wanted to withdraw their money |