| Term | Definition |
|---|
| The Great Depression | a period of time when the stock market crashed, and most of the country was in poverty |
| Black Tuesday | the day the stock market crashed, October 29, 1929 |
| Stock | a share/piece/percentage of a company |
| overproduction | when companies produced more goods than could be consumed, thus losing money |
| speculation | when people buy stock hoping it would go up even if it wasn't good; inaccurate claims on stock prices |
| tariffs | taxes on imported goods |
| bull market | when the stocks go up for an extended period of time |
| credit | borrowing money |
| buying on margin | borrowing money to buy stocks, to make money, to pay the lender back |
| hoovervilles | makeshift towns made by hobos; named so because people blamed the towns on Hoover |
| recession | an economical slowdown |
| bonus army | an army of veterans of World War I, who wanted their "bonuses" (1000$) that was promised to them by the government for fighting, |
| The New Deal | FDR's plan to solve depression, made up of social programs |
| Fireside chat | Radio speeches giving Americans hope during the depression; given by FDR |
| social security | An act passed in 1935 gave government-payed pensions to American citizens over the age 65 as well as provided help for the unemployed, the disabled, and the needy.-REFORM |
| Dust bowl | when the topsoil was dried and blown all over the states, where a severe drought occurred and many farmers suffered due to this |
| alphabet soup programs (CCC, WPA, AAA, FDIC, SEC, TVA) | nicknames given to New Deal programs |
| Federal Reserve | controls America's money supply, by controlling the interest rates of banks, also america's central bank |
| CCC | helped young people get jobs-RELIEF |
| WPA | promoted jobs by building bridges etc.-RELIEF |
| NRA | made 40 hr, 5 day work week-RECOVERY |
| REA | gave rural areas electricity, and made a better electric system-RECOVERY |
| AAA | decreased overproduction-RECOVERY |
| SEC | regulates the stock market-REFORM |
| TVA | built dams tried to fix floods, and deforestation-REFORM |
| FDIC | ensures people's investments in banks-REFORM |
Combine with other sets
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