Chapter 25 Vocab Flashcards
Purchasing stocks on credit, or with borrowed money
Buying on margin
People wanted to sell their stocks, and so few wanted to buy, stock prices collapsed
Black Tuesday
Up and down pattern
Business cycle
Downturn of the economy and was very long
Great Depression
When WWI veterans and families came to the capital to demand early payment of a military bonus
Bonus army
Provided aid for the government
Franklin D Rosevelt
Rosevelt and congress worked together to create new programs to battle the depression and aid economic recovery
New deal
Radio addresses in which he spoke directly to American people
Fireside chats
Hired people to build dams and generators, bringing electricity and jobs to communities in the Tennessee river valley
Tennessee valley authority
Nations fist women cabinet member
Frances Perkins
Active supporter of the new deal programs
Eleanor Roosevelt
Passed in 1935, provided some financial security for the elderly, disabled, children, and unemployed
Social security act
New union that organized workers into unions based on industry, not skill level
Congress of industrial organizations
When workers stayed in he factories so they could not be replaced by new workers
Sit-down strike
Massive dust storms swept the region, turning part of the Great Plains
Dust bowl