social security administration
New Deal Policy that provided old-age pensions, disability payments, and unemployment benefits.
National Labor Relation Act
- Law giving workers the right to form unions and bargain collectively without being subject to coercion by their employers
Securities and Exchange Commission
US government agency which oversees the operations of the stock markets which trade stocks, bonds, and other types of securities.
purchasing stock with borrowed money
causes of the great depression
stock markets crashed, unemployment rising, the dustbowl, overproduction of everything, layoffs,buying on credit
Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages.
Causes of the Dust Bowl
plowing, overproduction, severe drought and winds; farmers made there farms bigger and they cut down all the trees and there was no grass to hold down the dirt so dirt was flying all over the place; farmers had exhausted the land by overproducing crops and using tractors to break up the grass lands
Criticisms of the New Deal
The New Deal faced criticism from conservatives for its large use of deficit spending, control of business, and socialization of the economy. It was attacked by liberals for not doing enough to help poor fix the economy, and being in favor of big business.