Term | Definition |
bull market | A long period of rising stock prices. |
margin | Buying a stock by paying only a fraction of the stock prices and borrowing the risk. |
bank run | Persistant and heavy demands from a bank's depositers. |
Black Tuesday | When the Stock Market crash on Oct. 29,1929. |
hobos | A homeless and usually penniless wanderer. |
Bonus Army | A group of WW1 veterans led by Walter Waters that protested to receive their pays seonen due to the Great Depression. |
Relief | Immediate action taken to halt the economy's deterioration. |
Bank Holiday | Declared so that the panic would be stopped. |
Civilian Conservation Corps (CCC) | Employed young men at the age 18-25 worked on public-works projects. |
Agricultural Adjustment Act (AAA) | Pay for not growing food and crops. |
Tennessee Valley Authority (TVA) | Agency created to build dams. |
Home Owners Loan Corporation (HOLC) | Gave loans to homeowners to their mortgages. |
Federal Deposit Insurance Corporation (FDIC) | Permanent Agency designed to insure depositors money in saving banks. Originally insured up to $5,000 per depositer-today it has increased to $100,000. |
National Recovery Administraion (NRA) | Members of the NRA displayed a blue eagle. |
Public Works Administration (PWA) | Provided long term government jobs building public projects at government expense. |
Securities and Exchange Commission (SEC) | Permanent Agency set up to monitor stock market activity and ensure that no fraud or insider trading was taking place. |
Works Progress Administration (WPA) | Employed 3.5 million people to build roads, playgrounds, schools, airports, hospitals; also employed actors artists,and musicians to helped unemployment. |
Schechter v. United States | Declared NRA Constitutional by Schechter. |