a person who uses goods or services and buys stuff
October 29, 1929 the day the stock market crashed. Lead to the Panic of 1929
businesses that were unable to pay their debts.
shanty towns built by the homeless during the Great Depression
public works programs
projects built by the government for public use.
Group of WWI vets they marched to D.C. in 1932 to demand the immediate payment of their government war bonuses in cash
Roosevelt turned to a number of college professors who were experts on economic issues to help him plan bold new programs.
Roosevelt's plan for economic recovery. It had 3 main goals: relief for the jobless, plans for economic recovery, and reforms to prevent another depression.
assistance in time of difficulty
A period of rising economic growth and employment.
political changes to make things better, to prevent another Depression from happening again
first hundred days
March 4 to June 16, 1933. During this period of dramatic legislative productivity, FDR laid out the programs that constituted the New Deal.
radio speeches, FDR used the power of radio to communicate with the American people in order to promote his programs.
trickle down economics
government gives tax breaks to company owners, who in turn give workers larger wages; INEFFECTIVE
national recovery administration
Government agency that was part of the New Deal and dealt with the industrial sector of the economy. It allowed industries to create fair competition which were intended to reduce destructive competition and to help workers by setting minimum wages and maximum weekly hours.
federal deposit insurance corporation
a federally sponsored corporation that insures accounts in national banks and other qualified institutions
works progress administration
May 6, 1935- Began under Hoover and continued under Roosevelt but was headed by Harry L. Hopkins. Provided jobs and income to the unemplyed but couldn't work more than 30 hours a week. It built many public buildings and roads, and as well operated a large art project.
Law passed by Congress to increase production while boosting wages and prices
fair labor standards act
1938 act which provided for a minimum wage and restricted shipments of goods produced with child labor
the dust bowl
Oklahoma were all the land turned to dust and the farmers could grow crops.
court packing scandal
FDR wanted to hire more justices that supported him in order to pass more bills
As senator in 1932 of Washington preached his "Share Our Wealth" programs. It was a 100% tax on all annual incomes over $1 million and appropriation of all fortunes in excess of $5 million. With this money Long proposed to give every American family a comfortable income, etc