The Great Depression and New Deal
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24 terms
Terms | Definitions |
|---|---|
 black tuesday | oct. 29, 1929. the worst day of plunging stock market prices during the stock market crash that helped initiate the great depression. |
| stock market crash | oct. 1929. period of plunging stock market prices. |
| buying on margin | buying stock by paying a percent of stocks, moneym and borrowing money from broker, allowing one to make greater profits if stock does well. |
| overproduction | situation in which more goods are being produced then people can afford. |
| underconsumption | situation in which people are purchasing fewer goods than the economy is producing. |
| hawley-smoot tariff act | 1930 law passed by congress to raise tariffs on imported goods in order to protect u.s. businessmen and farmers. |
| bonus army | group of thousands of world war one veterans who went to dc in 1932 to get early payment of retirement bonus to get through the great depression. |
| hooverville | during the great depression, a shanty town of makeshift dwellings. |
| reconstuction finance corporation | a gov. agency created by congress in 1932 to provide loans to banks, rail roads, and big businesses. |
| new deal | roosevelt's domestic program from 1933-1939 aimed to bring economic relief to great depression. |
| first hundred days | first three months of roosevelt's presidency. congress passed a new record of billsto implement the new deal and provide relief, recovery, and reform from great depression. |
| black blizzard | a severe dust storm. |
| dust bowl | area of great plains of the usa that suffered from wind erosion during the 1930s. |
| the grapes of wrath | novel by john steinbeck published in 1939, won acclaim for description of the experience of the dust bowl migrants during the great depression. |
| okies | nickname for a person who migrated from dust bowl to ca during the great depression. |
| great flood of 1936 | a big flood in new england. |
| national industrial recovery act | as part of the new deal, a law passed by congress in 1933 to increase production while boosting wages and prices; it created the nra. |
| agricultural adjustment administration | tried to aid farmers by reducing crop production and raising prices. |
| civilian conservation corps | provided work for unemployed americans during the gd (part of 1st hundred days of the new deal) |
| works progress administration | part of the new deal, provided work for unemployed americans during gd. |
| wagner act | officially the national labor relations act, a law passed by congress in 1935 to protect workers' right to organize into unions; it created the national labor relations board. |
| social security act | 1935, to establish federal programs to offer old-age assistance and benefits. unemployment compensation, and aid to needy moms, kids, and the blind. |
| new deal coalition | a political partnership formed in the 1930s among various social and political groups in support of new deal, democratic party, and roosevelt. |
| deficit spending | gov.'s practice of spending more money than it recieves in revenue, the difference being made up by borrowing. |
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