Chp. 25 Vocab Flashcards
The process of purchasing stock with credit, hoping to sell at a high enough price to pay the loan and make a profit.
Buying on Margin
October 29, 1929, one of the largest U.S. stock market drops.
Black Tuesday
The rhythm in which an economy expands and contracts its production.
Business Cycle
A severe economic crisis that lasted for the entire decade of the 1930s.
Great Depression
A group of World War I veterans that demanded their bonus payments early.
Bonus Army
Franklin Roosevelt’s legislative plan to end the Great Depression that included dramatic reforms of government agencies and powers.
New Deal
Radio programs in which Franklin Roosevelt explained his plan for recovery from the Great Depression
Fireside Chats
A governmental agency designed to bring jobs and electricity to rural areas of the Tennessee River Valley.
Tennessee Valley Authority
A law that instituted the pension plan Social Security
Social Security Act
a union that organized workers according to industry, not by skill.
Congress of Industrial Organizations
A strike in which workers stay,at their work stations so that strikebreakers cannot replace them.
Sit-Down Strike
An area of the United States that suffered a severe drought during the 1930s.
Dust Bowl
What agencies still exist today?
Social Security
FDIC
Provides jobs for thousands of people. Hired unemployed, single men, ages 18-22
CCC
Set to make the Tennessee Valley. Built dams, generators etc.
TVA
