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Chapter 22,23 The Great Depression and The New Deal

Chapter 22,23 Review Have Fun
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Stock Market
an exchange where security trading is conducted by professional stockbrokers
bull market
period of increased stock trading and rising stock prices
shanty town
an area on the edge of a town where poor people live in very simply built houses
hobo
person who wanders about and lives by begging or doing odd jobs
Hoovervilles
shanty-towns that housed many who had lost everything. Shelters were built of old boxes and other discards. Named after Pres. Hoover
public works
projects such as highways, parks, and libraries sponsored by the government
Walt Disney
Film maker, cartoonist, visionary. He developed many famous characters as well as amusement theme parks.
Soap Operas
Popular radio and show dramas
John Steinbeck
United States writer noted for his novels about agricultural workers (1902-1968)
Dust Bowl
A drought in the 1930s that turned the Great Planes very dry.
Great Depression
a severe, world wide economic crisis which lasted from the end of 1929 to the outbreak of World War II.
Eleanor Roosevelt
Symbol of hope, immediate help. 'save America, do your part', BIG support for women and girls
speculation
risky buying and selling of stocks in the hope of making a quick profit
installment plan
buying an item on credit with a monthly plan to pay off the value of the good
Bonus Marchers
vets who wanted a "bonus" in their pay from the government, were not successful, attacked by MacArthur
bailiff
An officer of court having custody of prisoners under arraignment.
Herbert Hoover
31st President of the United States, Republican candidate who assumed the presidency in March 1929 promising the American people prosperity and attempted to first deal with the Depression by trying to restore public faith in the community.
black market
Market in which goods are sold illegally
Black Tuesday
October 29, 1929; the day the stock market crashed. Lead to the Panic of 1929
New Deal
The name of President Roosevelt's program for getting the United States out of the depression
gold standard
A monetary system in which currencies are defined in terms of a given weight of gold
Hundred Days
a special session of Congress that dealt with problems of the Depression
Fireside Chats
informal talks given by FDR over the radio; sat by White House fireplace; gained the confidence of the people
sit-down strike
work stoppage in which workers refuse to leave a factory
Social Security Act
created a tax on workers and employers. That money provided monthly pensions for retired people.
FDR
32nd President of the United States, Roosevelt, the President of the United States during the Depression and WWII. He instituted the New Deal. Served from 1933 to 1945, he was the only president in U.S. history to be elected to four terms
deficit spending
When a government spends more than it takes in and goes into debt.
Shirley Temple
became the most popular film star during the Great Depression; made 27 movies during the 1930s
NLRB
National Labor Relations Act. Legalized labor unions, guaranteed right to join union and "good faith" bargaining.
polio
an acute viral disease marked by inflammation of nerve cells of the brain stem and spinal cord
Securities and Exchange Commission
The federal agency created during the New Deal that regulates stock fraud
AAA
Agricultural Adjustment Administration: attempted to regulate agricultural production through farm subsidies; ruled unconstitutional in 1936; disbanded after World War II
safety net
government programs that protect people experiencing unfavorable economic conditions
Empire State Building
An office building in New York City, over one thousand feet high. Opened in the 1930s, it was for many years the tallest skyscraper in the world.
bank holidays
Created to stop bank runs and prevent further banks from going out of business
FDIC
Federal Deposit Insurance Corporation: federal guarantee of savings bank deposits (initially up to $2,500; raised to $5,000 in 1934; now $100,000)
NRA
National Recovery Administration: established and administered a system of industrial codes to control production, prices, labor relations, and trade practices
Alphabet Agencies
Government agencies that came to be known by the first initials of their names.
John Dillinger
bank robber and mobster who was caught by Hoover, the capture of which catapulted Hoover into national prominence in the "Dillinger Case"
Pappy O'Daniel
was a conservative Democratic Party politician from Texas, who came to prominence by hosting a popular radio program.
Grapes of Wrath
Book about a family of migrant workers working during the Great Depression in the Dust Bowl
Huey Long
Governor of Louisiana, "Share the Wealth" wants to give $5k to all families
Charles Coughlin
A radio priest who was anti-Semetic and anti-New Deal. He catered away some support from FDR.