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The Great Depression and the New Deal

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Question
Answer
Assembly line   manufacturing using a conveyor belt to move materials to workers who stay in one place to work  
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Credit   arrangement for delayed payment of a loan or purchase  
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Installment buying   paying for items in small monthly payments  
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Laissez faire   theory that business, if free of government regulation, will act in ways that benefit the nation  
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Speculation   buying and selling risky items in the hope of making a quick profit  
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Tariff   tax on imported goods  
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Great Depression   the serious and world-wide economic decline of the 1930's  
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Public works   government-funded projects to assist individuals, families, and communities in need  
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Stock market crash of 1929   plunge in stock market prices that market that the beginning of the Great Depression  
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Warren G. Harding   29th president, served from 1921-1923 with a focus on peace abroad and prosperity at home  
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Calvin Coolidge   30th president, served from 1923-1929 with a pro-business aim  
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Herbert Hoover   Republican president who failed to halt the Great Depression  
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Deficit spending   using borrowed money to fund government programs  
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Socialism   economic system in which members of a society own businesses equally  
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Dust bowl   Region including parts of Kansas, Oklahoma, Texas, Colorado, and New Mexico in which farms were damaged by dust storms  
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Eleanor Roosevelt   Wife of FDR who helped him monitor New Deal programs and became a strong voice for women and minorities  
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Fireside chats   series of radio talks in which FDR explained his policies in a casual style  
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First New Deal   1933 - 1935 program created by President Roosevelt to fight the Depression  
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Second New Deal   1935 - 1937 extension of Roosevelt's First New Deal  
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Social Security Act   law creating fund for assisting retired workers and the unemployed  
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Franklin Delano Roosevelt   Democratic president who created the New Deal to counter the effects of the Great Depression  
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Created by: staatc60
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