Chapter 23 Flashcards
Bankruptcy
A financial failure caused by a company’s inability to pay it debts
Overproduction
A situation in which the supply of manufactured goods exceeds the demand
Default
Fail to repay loans
Bank Crusis
Depositors went into banks to withdraw their money which closed millions of banks all over the country
Bonus Army
A $1000 payment for every veteran of World War I which is not paid until 1945
New Deal
Programs launched by president Franklin D Roosevelt to help with the community
Relief
Immediate help for those in need such as food jobs and housing
Recovery
Giving people jobs getting businesses started again providing funds for projects
Reform
Long-term steps to improve the country’s general economic conditions to prevent another depression
Civil rights
A right belonging to a person by reason of citizenship
What was the Indian New Deal new deal?
1924 law passed that made all Native Americans Citizens restricted tribal land sales.
Dust Bowl
Caused by drought in 1930 and new farming technology farmers headed west
Social Security
Gay elderly money each month.
Labor unions
A group of workers united together to achieve common goals and in the workforce
What’s France Perkins
Secretary of Labor, first women in cabinet