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stock market

place where people buy and sell shares of money-making companies

bull market (boom)

when the stock market is increasing

bear market (bust, recession)

when stock market is decreasing


3 recessions

relief, recovery, reform

roosevelts 3 main program ideas

bank holiday

declared so panic of banks would stop

emergency banking act

closed weak banks and only opened strong ones


gave immediate cash help to those that needed it


taxed food processors and gave the money to farmers for not growing food


group of businesses organized by the gov and given power to set rules and regulations for the economy

home owners loan corp

gave loans to homeowners to prevent homelessness and bank closings


permanent agency to insure depositors money in savings banks


permanent agency to monitor stock market activity and to stop fraud


permanent agency designed to ensure money for elderly to survive


provided temorary road and bridge building jobs


temporary jobs to unmarried adults in helping with disaster relief


provided long term gov jobs and other public works


agency to build dams

Wagner Act (NLRA/NLRB)

helped unions and workers. made sure buisness practices were fair

soil conservation act

mandated proper soil maintence to prevent another dust bowl

fair labor standards act

min wage

federal securities act

full disclosure of information related to new stock issues

national employment system act

us employment service

home owners refinancing act

use of gov bonts to guarantee mortgages

banking act

guaranteed satety of bank deposits

national industrial recovery act

min wage and self regulation, ended 1935

public works admin

appropriated funds for fed projects

security and exchange act

fed regulation of stock exchange

national housing act (communications act)

fed housing admin insured loans of private banks and trust companies for construction of homes

national housing act

construction of low cost public housing and slum clearance

resettlement admin

built new model communities for low income city workers

rural electrification admin

administered program of bringing electricity to farms

national labor relations act

encouraged collective bargaining and formation of unions

black thursday

day price of stock faltered causing inventors to sell causing a panic and prices to drop

black tuesday

the day the stock market crashed

great depression

a severe, world wide economic crisis which lasted from the October 29 1929 to the outbreak of World War II

uneven distribution of income, easy credit, imbalance in foreign trade, mechanization of industry

4 reasons for great depression

dow jones industries

top 30 buisnesses

margin buying

brokers loaned money so people could buy stock

hawley smith tariff

highest tariff in us history


president: didnt take action, believed in volunteerism, didnt see it as the gov place to step in, helped buisness more than public, ordered bonus army out, uneffective overall

bonus army

WWI veterans demanding their bonus, went to DC to protest, huge amount, violently kicked out


shanty-towns that housed many who had lost everything. Shelters were built of old boxes and other discards.

hoover blankets

Newspapers that homeless people used to cover themselves

rugged individualism

hoovers believe that individuals can provide for themselves, limited gov help


president: rich only child, good convincer, superficial, solidified democratic party, new deal, helped survival but didnt help in long term

100 days

first days of roosevelts first term, 15 pieces of reform

harry hopkins

A New York social worker who headed the Federal Emergency Relief Administration and Civil Works Administration

father charles cougin

catholic priest that didnt like the new deal, gounded the national union for social justice

francis townsend

physician that made the townsend plan that everyone over 60 gets $200 per month that must be spent within 30 days

huey long

senator from LA who wanted share the wealth program to take money from the rich and give to the poor


Dust bowl refugees

dust bowl

major great plains dust storms


new union for unskilled labor lead by john lewis

eleanor roosevlet

spoke against racial injustice

black cabinet

AA members of the gov like William Hastie and Mary Bethune

john collier

head of indian affairs, funded reservation education, supported handiwork

indian reorganization act

encouraged tribal unity

liberty league

wealthy industrialist party against the new deal

alfred landon

republican opponent of roosevelt's 1936 election

court-packing sheme

roosevelt wanted to get rid of the 6 oldest court justices who opposed him

andrew mellon

sec of treasury under harding, lower taxes especially for the rich


republican president after harding, helped buisnesses, did little, good term though

douglas macarthur

American general, who commanded allied troops in the Pacific during World War II.

francis perkins

Roosevelt's Secretary of Labor and first woman cabinet member in U.S. history.

john dillinger

Famous bank robber in 1930s.

brain trust

Group of expert policy advisers who worked with FDR in the 1930s to end the great depression

federal reserve policies

slowed the growth of money supply to curb stock market speculation

buisness cycle

fluctuations in economic activity, such as employment an production

fireside chats

The informal radio conversations Roosevelt had with the people to keep spirits up.


the sum of all goods and services produced in a nation in a year

emergency banking act, FERA, CCC

3 examples of relief


3 examples of recovery

SS, Wagner Act, Soil conservation

3 examples of reform

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