T Ch 25 The Great Depression -Test Prep
Terms in this set (33)
A market for buying and selling stock
To buy stock by paying only a fraction of the stock price and borrowing the rest (Installment Buying)
Failure to pay back a loan
Aid for the needy
first hundred days of Franklin D. Roosevelt's presidency when a lot of changes occurred
The name of President Roosevelt's program for getting the United States out of the depression
Programs that give needy people jobs
A government payment that supports a business or market
The Great Plains regions hit by drought and dust storms in the early 1930s
A person who moves from place to place to find work harvesting fruits and vegetables
A sum paid regularly to a person, usually after retirement
Second New Deal
A new set of programs and reforms launched by FDR in 1935
Social Security Act
A tax on workers and employers. That money provides monthly pensions for retired people.
a government program that partially protects workers' incomes when they become unemployed
1935; established National Labor Relations Board; protected the rights of workers to unionize
Where FDR tried to add more members to the Supreme Court to pass his programs.
closed all banks until gov. examiners could investigate their financial condition; only good banks were allowed to reopen
31st President, beginning of the depression did very little
Franklin Delano Roosevelt (FDR)
popular American president most remembered for the New Deal
FDR's Wife and New Deal supporter. Was a great supporter of civil rights for women, African Americans, the poor
Stocks were purchased on margin
bought on credit
buying on credit by making an initial down payment and then paying the balance over time
cause of the great depression, more goods were made than wanted
the first to be hurt during the great depression also suffered a drought
lines of people waiting to receive food provided by charity & government
Depression shantytowns, named after the president whom many blamed for their financial distress
How does government spending effect the economy?
Government spending can create jobs and stimulate the economy
Explain the quote "The only thing we have to fear is fear itself"
Why were movies important during the Great Depression?
They were a much needed departure from reality
What was the Dust Bowl?
Drought created dust storms on the Great Plains which destroyed farms
How do banks work?
they loan money they borrow from depositors and pay interest in return.
Why did some people not like the New Deal?
Conservatives thought it went too far, liberals thought it did not go far enough
projects built by the government for public use (bridges, roads, etc.)
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