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honors history vocab on the great depression

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word
definition
Black Thursday   prices on the stock market fell rapidly; 13 million shares were sold; October 24, 1929  
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Black Tuesday   Prices continued to fall rapidly; 16 million shares were sold, the stock market crashes. October 29, 1929  
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"brain trust"   advisory experts taken from the academic world, specifically those who worked for the Roosevelt Administration  
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breadlines   people waiting to receive free food from a welfare agency or charity  
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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  
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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  
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deficit spending   government spending of funds that are borrowed rather than by taxation  
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depression   a period of low economic activity marked by failing production levels and raising unemployment  
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Federal Deposit Insurance Corporation (FDIC)   a New Deal program created to insure individual deposits to banks  
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"forgotten man"   during the great depression the hardest hit individuals by the depression, farmers, unemployed  
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gross national product (GNP)   the total value of all goods and services produced in a nation during a specific period, usually a year  
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holding company   a company that owns controlling interest in securuties of other companies  
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Hoovervilles   communites of temporary shacks built during the great depression  
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National Recovery Administration (NRA)   system of government regulating industrial production, competition, and prices and promoting the cooperation between managers and labor  
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New Deal   Franklin D. Roosevelt, designed to promote economic recivery and social reform during the 1930s  
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public works   government-financed and owned works or improvements (such as schools, highways, dams, tunnels, and docks) constructed for public use  
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securities   documents (such as stocks, bonds, and mortgages) signifying ownership of property  
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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  
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soup kitchens   places where food is offered free or at low cost to the needy  
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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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