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37 terms

Great Depression

STUDY
PLAY
CCC
hired single men (18-25) to work on construction and outdoor projects for $1 a day.
FERA
federal money to state and local levels, who distributed it.
WPA
built schools, hospitals; AND hired artists, writers, composers, photographers, etc.
NIRA
the government controlled businesses by deciding what to make, setting prices, wages, and working conditions.
PWA
hired workers for thousands of public works (construction) projects (schools, libraries, airports etc.)
AAA
the government paid farmers to produce less so prices would increase. Crops and animals were destroyed to keep supply low (and demand high!)
SEC
it polices the stock market, making sure the rules are followed and no fraud is committed.
TVA
built 40 dams in 7 states, improved farmland by eliminating flooding and producing electricity
FDIC
insured savings accounts in banks by the government
SSA
old-age pensions, unemployment insurance; medical insurance
"trickle-down" economics
economic policies should benefit big business; the money will trickle down to the lower classes
relief programs
programs to immediately provide food and shelter for the needy
public works programs
projects built by the government for public use.(schools, highways)
FDR's inaugural words
"The only thing we have to fear is fear itself"
Bonus Army
WWI vets who went to Washington for their bonus; resulted in 4 deaths
Francis Perkins
1st female cabinet member
"bank holiday"
FDR closed banks for 8 days to examine them and restore those that could stay open
"Hundred Days"
famous three month period when FDR passed 15 bills
Fireside chats
Radio broadcasts by FDR; served to communicate and calm the nation's fears
Dorothea Lange
WPA photographer whose work captured the misery of many
"laissez-faire"
economic policy meaning to "leave alone"; let supply and demand control the outcome
Black Tuesday
October 29, 1929; the day the stock market crashed
New Deal
series of programs FDR created to combat the Great Depression
supply and demand
if the supply is up, and the demand is low, price goes down. if the demand is high, and the supply is low, price goes up
surplus
more than is needed; extra
The Grapes of Wrath
by John Steinbeck; the story follows a poor family as they travel from the Dust Bowl region to California.
Four Causes of the Dust Bowl
new technology, drought, high winds and overgrazing
The Dust Bowl
A series of major sandstorms that buried houses, destroyed farmland and killed livestock in the Great Plains in the 1930s
speculation
risky investment to make a quick or large profit- the stock market and real estate were problem areas.
insider trading
manipulating the stock market by buying or selling stocks based on information that is not available to the general public
Charles Coughlin
a radio priest who was anti-Semitic and anti-New Deal. The Catholic Church pulled him off the radio
Court-packing
FDR's failed attempt to increase the number of US Supreme Court Justices from 9 to 15 in order to save his New Deal programs from being found unconstitutional
deficit spending
Government practice of spending more than it takes in from taxes
Francis Townsend
created the idea of an old-age pension, became the Social Security Act of 1935.
Huey Long
Suggested "Share Our Wealth" program: $5000 house, $2000 income, and a car to everyone. A 100% tax on all annual incomes over $1 million would pay for it.
Liberty League
believed the New Deal interfered too much with people's lives; government should be less involved
national debt
the sum of money a national government owes