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20 terms

The Great Depression

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brain trust
Group of expert policy advisers who worked with FDR in the 1930s to end the great depression
the New Deal
FDR's strategy to end the depression by trying many different employment projects to put out-of-work americans to work in government organized groups
FDR
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
Herbert Hoover
president of the U.S from 1923-1933 leader of the US in the beginning of the great depression. He didn't want the government involved in the peoples lives and thought that the people should express their individual rights.
Hooverville
Term used to describe a makeshift homeless shelter during the early years of the Great Depression
fireside chats
The informal radio conversations Roosevelt had with the people to keep spirits up. It was a means of communicating with the people on how he would take on the depression.
Bonus Army
WWI veterans who marched on Washington demanding their $1,000 bonus pay.
Social Security
New Deal program which set-up pensions for older Americans.
Dust Bowl
Region of the Great Plains that experienced a drought in the 1930's, leaving many farmers without work or substantial wages.
The Grapes of Wrath
The story follows the fortunes of a poor family as they travel from the Dust Bowl region to California. based on the great depression written by John Steinbeck
FDIC
a federally sponsored corporation that insures accounts in national banks.
SEC
oversees the stock market.
Bear Market
a bad stock market.
Bull Market
a good stock market.
Buying on Margin
buying stock by paying only a portion of the full cost up-front with promises to pay the rest later
100 days
the first 3 months of FDR's presidency where he and the Congress passed many new programs to help the depression.
deficit spending
government practice of spending more than it takes in from taxes
5 main causes of the Great Depression
farm debt, overproduction, stock market crash, declining trade, and consumer debt.
"the only thing we have to fear is fear itself."
FDR said this to america during the Great Depression to tell them that they didn't have to be afraid about the economy, the only thing they had to be afraid about is being afraid.
welfare state
A system in which the government takes responsibility for its citizen's social and economic needs.