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23 terms

History Chapter 25 Vocab

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Black Thursday
October 24, 1929; almost 13 million shares sold that day alone
Bonus Army
WWI veterans who marched on Washington demanding their $1,000 bonus pay before the 1945 due date.
Default
failure to meet loan payments
Dust Bowl
western Kansas and Oklahoma, northern Texas, and eastern Colorado and New Mexico; long periods of drought and destructive farming methods ruined farming in the region
Emergency Banking Relief Act
gave the President power over the banking system and set up a system by which banks would be reorganized or reopened
Fireside Chats
informal talks given by FDR over the radio; sat by White House fireplace; gained the confidence of the people
Hoovervilles
shanty-towns that housed many who had lost everything. Shelters were built of old boxes and other discards.
Hundred Days
The special session of Congress that Roosevelt called to launch his New Deal programs. The special session lasted about three months: 100 days.
Migrant Workers
people, typically farmers, who move from place to place to harvest fruits and vegetables
New Deal
the legislative and administrative program of President F. D. Roosevelt designed to promote economic recovery and social reform during the 1930s. also: the period of this program
On Margin
paying only a fraction of the stock price and borrowing the rest from a brokers. Brokers, in turn, borrowed their money from banks. As long as the value of stocks continued to rise, the buyer could sell later, pay back what had been borrowed, and make a profit. If that value fell, though, investors and brokers would not have enough cash to pay off the loans.
Pension
a payment, usually for older people once they retire
Public Works
projects such as highways, parks, and libraries sponsored by the government
Relief
aid for the needy
Revenue Act
1935; raised taxes on the wealthy and corporations
Second New Deal
a new set of programs and reforms launched by FDR in 1935.
Social Security Act
created a tax on workers and employers. That money provided monthly pensions for the retired.
Stock Exchange
an organized system for buying and selling shares, or blocks of investments, in corporations
Subsidies
grants of money
The Black Cabinet
a group of African American advisors to FDR.
The Brain Trust
a group of progressive lawyers, economists and social workers who advised President Roosevelt
Unemployment Insurance
payments to people who lost their jobs; previous employers make the payments
Work Relief Programs
established to give needy people government jobs