ChAPTER 25 SECTION 1-2 VOCAB Flashcards
purchasing stocks on credit, or borrowed money
buying on margin
he day the stock market collapsed. too many people wanted to sell their stock, and few wanted to buy which caused prices to collapse.
black tuesday
the up and down pattern when the economy would tend to bounce back when in down time
business cycle
the time period when the economy did not recover quickly from the downturn that started in 1929.
the great depression
came to the capital to demand early payment of a military bonus
bonus army
the governor of new york who ran as a democratic candidate for president
franklin d. roosevelt
created with new programs to combat the depression and help economic recovery
new deal
where roosevelt spoke directly to americans, telling them his plans to restore the economy
fireside chats
this hired people to build dams and generators which brought electricity and jobs to communities in the tennessee river valley
tennessee valley authority
became the secretary of labor, and the first female cabinet member
frances perkins
the first lady who was an active supporter of the new deal programs. she ever tried to further them.
eleanor roosevelt
provided some financial security for the elderly, disable, children, and unemployed
the social security act
a new union which organized workers into unions based on industry, not skill level
congress of industrial organizations
a new strategy that involved workers would stay in a factory so they could not be replaced by new workers
sit-down strike
