24 terms

EOC Review - Great Depression/New Deal

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bank failures
After the stock market crash, many Americans proceeded to remove their money from the bank causing many banks to close.
bread line
line of people waiting for food handouts from charities or public agencies
corporation
A business that is owned by many investors.
deportation
the action of deporting a foreigner from a country
executive branch
The President - Branch of government that enforces the laws
executive power
The President's power - The power to execute, enforce, and administer law
Federal Deposit Insurance Corporation (FDIC)
A government agency that provided insurance to personal banking accounts up to $5,000. These assured people that their money was safe and secure. This agency still functions today.
Federal Housing Administration (FHA)
(FHA) An agency of the federal government that insures private mortgage loans for financing of new and existing homes and home repairs.
Federal Reserve System
The country's central banking system, which is responsible for the nation's monetary policy by regulating the supply of money and interest rates
Franklin D. Roosevelt
32nd US President - He began New Deal programs to help the nation out of the Great Depression, and he was the nation's leader during most of WWII
judicial branch
The Supreme Court - Branch of government that decides if laws are carried out fairly.
legislative branch
Congress (U.S. Senate and House of Representatives) Branch of government that makes the laws
monetary policy
Government policy that attempts to manage the economy by controlling the money supply and thus interest rates.
New Deal agencies
government agencies created by FDR and Congress under the New Deal to help end the Depression.
Reconstruction Finance Corporation
Agency established in 1932 to provide emergency relief to large businesses, insurance companies, and banks.
repatriation
Efforts made by local governments and/or the federal government to encourage or make Mexican immigrants and their naturalized children return to Mexico
Securities and Exchange Commission (SEC)
monitors the stock market and enforces laws regulating the sale of stocks and bonds
Smoot-Hawley Tariff
A tariff that increased the tax on American imports from other countries. Ended up increasing the severity of the depression because countries responded similarly to the US.
Social Security Act of 1935
guaranteed benefits for retirees, the disabled, & the unemployed; money was collected from a worker's pay on a monthly basis which was paid back to them when they turned 65
Social Security Administration
Provided a pension for retired workers and their spouses and aided people with disabilities.
overspeculation
occurs when an investor purchases stock on the future earnings (or speculation) of the stock he already owns
stock market
A general term used to describe all transactions involving the buying and selling of stock shares issued by a company.
tariffs
Taxes on imported goods
U.S. Supreme Court justices
nominated by president, confirmed by the senate, have the authority to interpret constitution and federal laws, appointed for life
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