New Deal Review Guide

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New Deal

President F. D. Roosevelt legislation designed to promote economic recovery and social reform during the 1930s; Helped to heal the effects of the Great Depression

AAA

Agricultural Adjustment Administration: attempted to regulate agricultural production through farm subsidies, so farmers were paid not to plant crops on parts of their land, so prices could go up

CCC

Civilian Conservation Corps. It was Relief that provided work for young men 18-25 years old in food control, planting, flood work, etc.

WPA

Works Progress Administration (1935)- Relief- Massive work relief program funded projects ranging from construction to acting

PWA

Public Works Administration.New Deal program. Building or improving public buildings like schools, post offices,etc was where people found work.

TVA

The Tennessee Valley Authority federation was created in 1933 in order to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development in the Tennessee Valley

NRA

National Recovery Administration: established and administered a system of industrial codes to regulate production, prices, labor relations, and work practices

FDR

Roosevelt, the President of the United States during the Depression and WWII. He instituted the New Deal. Served from 1933 to 1945, elected for four terms. Born in Hyde Park NY

Herbert Hoover

president of the U.S from 1923-1933 leader of the US in the beginning of the great depression. People blamed Hoover for the depression, calling poor communities Hoovervilles

FHA

Federal Housing Administration (1934)- Recovery- Expanded private home ownership among moderate-income families through federal guarantees of private mortgages, the reduction of down payments from 30 to 10 percent, and the extension of repayment from 20 to 30 years; still today

Bull Market

healthy market on Wall Street

Alf Landon

Lost 1936 election against FDR; he was a Kansas governor

Lindbergh

1927- American pilot who made the first solo nonstop flight across the Atlantic Ocean

Spain

Spanish Civil War and the Fascist movement

Italy

Mussolini took over Italy with his Fascist Regime

1932

Franklin D. Roosevelt elected, New Deal Comes into place

Jitterbug

Dance popular during the 1930's

Will Rodgers

Humorist, satirized politics and life in the 20's

China

Japan invades China, Rape of Nanking

Dividends

profits that a corporation distributes to its owners

Social Security Act

A 1935 law ; provided money (insurance) to retired Americans, included 1. old-age insurance. 2. unemployment compensation. 3. aid to people with disabilities.

Wagner Act

1935, also National Labor Relations Act; granted rights to unions; allowed collective bargaining

Margin

buying a stock by paying only a fraction of the stock price and borrowing the rest

Depression

a period of low economic activity, often marked by high unemployment; much more higher than in a Recession

Recession

Rising unemployment, increased business failures, declining economic growth and higher bankruptcies.

Benny Goodman

A twentieth-century American jazz clarinetist and bandleader. He was known as the "King of Swing."

stock

shares of ownership in a corporation

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