Gd Flashcards
Recovery
Programs to restart economic growth
Recession
Gov. Cut funding for new deal programs
Reform
Prevent causes of gd
Relief
Ease suffering of American ppl
Margin buying
Buy stocks//risk of losing money while hoping prices will go up
Trickle-down economics
Giving $ to wealthy//hope it will pass down to poor
Wet
People against prohibition
Hawley-smoot tariff
High protective tariff//farmers lost 1/2 of income
Fireside chats
Radio broadcasts by FDR
Dry
Ppl for prohibition
Credit
Money bank will let you use//pay back later
Broker state
Working out conflicts between diff. Interests
Brain trust
Experts who advised FDR and his new deal programs
20th amendment
Moved up presidents inauguration date
Causes prices to change
Supply- more product
Price down=more demand
Higher desire=higher price