Question | Answer |
Black Tuesday | 10% of the market disappears in 1 day; by November, 1/3 disappears; lead to the Great Depression |
Bull Market | when the stock market is gaining in positive, people make it |
Bear Market | when the stock market is declining in negative, people can't make it |
buying on margin | when a person bought $1000 worth of stock with $100 bought from a stockbroker |
installment plan | people made payments on goods; caused banks |
Dust Bowl | a drought doing with overproductiuon of wheat depletion soil that lead to a huge storm, stripping top soil from the Great Plains |
bank holidays | closed the banks so that people couldn't withdraw money |
speculation boom | people bought stock on margin and cars on installment entire country's economy; inflation all came crashing down |
New Deal | Franklin Roosevelt's plan to make the U.S. economy better focused on banking forming relief programs |
Agricultural Adjustment Act | paid farmers not to produce certain goods, livestock and crops so that the prices would go up |
Civilian Conservation Corps | men aged 18 to 25 could get jobs planting trade lines, building dams and reservations |
National Recovery Administration | regulated business by setting the minimum wage, prices, etc. |
deficit spending | when the goverment spends more money than it takes in taxes |
Wagner Act | allowed workers to unionize and strike for wages and benefits |
Tennessee Valley Authority | navigation, flood control, electricity, fertilizing manufacturing, and economic development in the Tennessee Valley |
Workers Progress Administration | employed millions of the unemployed to carry out public works projects; renamed Work Projects Administration in 1939; lasted from 1935 to 1943 |
social security | concept that enshrined in Article 22 of Universal Declaration of Human Rights |