GPS 17&18 Flashcards
Recession
A period of slow business activity
Bonus army
A group of World War I veterans and their families who protested in Washington DC in 1932 demanding immediate payment of a pension bonus that had been promised for 1945
Twenty-first amendment
Constitutional amendment ratified in 1933 to repeal prohibition
Civilian conservation corps
Established by Congress in 1933, this program put more than 2.5 million young man to work restoring and maintaining forests, beaches, and parks
Agricultural adjustment administration
Established in 1933 to raise farm prices through government financial assistance
Tennessee Valley Authority
Federal project to provide inexpensive electric power, flood control, and recreational opportunities to the Tennessee River Valley
Public works program
Government-funded projects to build public facilities
Revenue
Income
Sitdown strike
Labor protest in which laborers stop working but refuse to leave the workplace
Wagner act
Law passed in 1935 that aided unions by legalizing collective-bargaining and closed shops, and by establishing the National Labor Relations Board
Dow Jones industrial average
Measure of average of stock prices of major industries
Black Tuesday
October 29, 1929, the day on which the Great Crash of the stock market began
Deficit spending
Paying out more money from the annual federal budget than the government receives in revenues
Hundred days
Period at the start of Franklin Roosevelt’s presidency in 1933, when many New Deal programs were passed by Congress
Second new deal
Period of legislative activity launched by President Franklin Roosevelt in 1935
Business cycle
Periods in which a nation’s economy grows, then contracts
Social Security system
System established by the 1935 Social Security act to provide financial security, in the form of regular payments, to people who cannot support themselves
Hooverville
Term used to describe a makeshift homeless shelter during the early years of the Great Depression
New deal
Term used to describe President Franklin Roosevelt’s relief, recovery, and reform programs designed to combat the Great Depression
Dust Bowl
Term used to describe the central and southern Great Plains in the 1930s, when the region sustained period of drought and dust storms
Great Crash
The collapse of the American stock market in 1929
Great Depression
The most severe economic downturn in the nation’s history, which lasted from 1929 to 1941
National debt
Total amount of money that the federal government borrows and has to pay back