Roaring 20’s and Great Depression Flashcards
Black Thursday
October 24, 1929 when panicked traders sold almost 13 million stock shares
Default
To fail to pay your debts
Great Depression
Worldwide economic slump
Hoovervilles
groups of shelters made out of old boxes and other debris built by families or individuals who had lost their homes
Migrant worker
person who moves from place to place to find work harvesting fruits and vegetables
New Deal
FDR’s new laws and regulations affecting banking, the stock market, industry, agriculture, public works, relief for the poor, and conservation of resources
Public works
Projects such as highways, parks, and libraries built with taxes for general use, which provided jobs for the unemployed
Social security
Created a tax on workers and employers to provide monthly pensions for retired people; launched the welfare system
SEC (U.S. Securities and Exchange Commission)
Regulates the sale of stocks and bonds and the power to punish dishonest companies
FDIC (Federal Deposit Insurance Corporation)
Guaranteed that money placed in insured banks would not be lost if the bank failed
TVA (Tennessee Valley Authority)
Program to control flooding, promote con- servation and development, and bring electricity to rural areas
AAA (Agricultural Adjustment Act)
program to help farmers by raising farm prices
CCC (Civilian Conservation Corps)
employed about 3 million rebuilding national parks and planting trees, living in camps
Dust Bowl
environmental disaster hitting farms in many states
Fair Labor Standards
Banned child labor and set a minimum wage of 40 cents per hour
NRA (National Recovery Administration)
a group of businesses organized by the government and given the power to set rules for the economy. Members displayed a blue eagle.
Jazz
A style of dance music popular in the 1920’s highlighting African-Ameri- can musicians like Louis Armstrong
Evolution
Scopes - Teacher put on trial for teaching _____________ to high school students, challenging traditional church teachings
Prohibition
the 18th Amendment- effort to make the sale of alcohol illegal, which was later overturned by the 21st amendment
Radio
new technology that brought American culture closer together
Isolationism
national feeling of turning away from international issues
Hoover
leader blamed for the Great Depression, who supported prohibition
Franklin Delano Roosevelt (FDR)
leader credited for fixing the Great Depression, who opposed prohibition
Causes of the Depression
too much risky buying with credit, unstable banks, and the Dust Bowl
