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What is 1 + 3?
Midterm Review (Unit 3)-set 1
Rising stock market
a stock market with declining stock prices
buying on margin
paying a small percentage of a stock's price as a down payment and borrowing the rest
Hawley Smoot tariff
Charged a high tax for imports thereby leading to less trade between America and foreign countries along with some economic retaliation.
Passed in January 1932, this measure loaned money to businesses and provided funds for state and local programs providing relief
this program controlled production, set prices, wages, and working conditions.
It was Relief that provided work for young men 18-25 years old in food control, planting, flood work, etc.
distributed $500 million in federal grants to local state governments for direct relief to the unemployed
the new deal
The programs and policies to promote economic recovery and social reform introduced during the 1930s by President Franklin D. Roosevelt
the second new deal
This was another period of massive legislation to improve the American economy. However, this one was aimed at ordinary people, and it provided more social welfare.
Massive work relief program funded projects ranging from construction to acting; disbanded by FDR during WWII
granted rights to unions; allowed collective bargaining
social security act
created a tax on workers and employers. That money provided monthly pensions for retired people.
When a government spends more than it takes in and goes into debt.