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Depression vocab
honors history vocab on the great depression
| word | definition |
|---|---|
| Black Thursday | prices on the stock market fell rapidly; 13 million shares were sold; October 24, 1929 |
| Black Tuesday | Prices continued to fall rapidly; 16 million shares were sold, the stock market crashes. October 29, 1929 |
| "brain trust" | advisory experts taken from the academic world, specifically those who worked for the Roosevelt Administration |
| breadlines | people waiting to receive free food from a welfare agency or charity |
| buying on margin | purchasing sock by paying only a part of the cost in cash and borrowing the rest of the money- often from your stockbroker |
| Civilian Conservaton Corps (CCC) | an early releif program in the New Deal in which young men lived in military-style camps and worked for a dollar a day on projects as refoestation, soil conservation, disaster releif, and flood control |
| deficit spending | government spending of funds that are borrowed rather than by taxation |
| depression | a period of low economic activity marked by failing production levels and raising unemployment |
| Federal Deposit Insurance Corporation (FDIC) | a New Deal program created to insure individual deposits to banks |
| "forgotten man" | during the great depression the hardest hit individuals by the depression, farmers, unemployed |
| gross national product (GNP) | the total value of all goods and services produced in a nation during a specific period, usually a year |
| holding company | a company that owns controlling interest in securuties of other companies |
| Hoovervilles | communites of temporary shacks built during the great depression |
| National Recovery Administration (NRA) | system of government regulating industrial production, competition, and prices and promoting the cooperation between managers and labor |
| New Deal | Franklin D. Roosevelt, designed to promote economic recivery and social reform during the 1930s |
| public works | government-financed and owned works or improvements (such as schools, highways, dams, tunnels, and docks) constructed for public use |
| securities | documents (such as stocks, bonds, and mortgages) signifying ownership of property |
| Securities and Exchange Comission | a government agency set up in 1934 to regulate trading in securuites and to liscense securities exchanges, places where stocks and bonds are bought and sold |
| soup kitchens | places where food is offered free or at low cost to the needy |
| Works Projects Administration | A New Deal program of 1935 that provided jobs for the unemployed on public works projects. built roads, buildings, parks, bridges, airports, painted mutals, etc. |
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