Great Deppression Flashcards
Buying on margin
The process of purchasing stock with credit, hoping to sell a high enough price to pay the loan and make a profit.
Black Tuesday
October 29, 1929, one of the largest U.S. stock market drops.
Business cycle
The rhythym in which an economy expands and contracts its production.
Great Depression
A severe economic crisis that lasted for the entire decade of the 1930s
Bonus Army
A group of World War I veterans that demanded their bonus payments early.
Franklyn D. Roosevelt
He was the president most of World War II and the Great Depression.
New deal
Franklyn Roosevelt legislative plan to end the Great Depression that include dramatic reforms of government agencies and powers
Fireside chats
Radio programs in which Franklin Roosevelt explained his plan for recovery from the Great Depression
Tennessee valley Authority
TVA a governmental agency designed to bring jobs and electricity to rural areas of the Tennessee river valley
Social security Act
A law that instituted the pension plan security social
Congress of industrial organization
A union that organized workers according to industry not by skill
Sit down strike
A strike in which workers stay at their work stations so that strike breakers cannot replace them
Dust bowl
An area of the United States that sufferd a severe drought during 1930s
Mary McLeod Bethume
United States educator who worked to improve race relations and educational opportunities for black Americans
John Steinbeck
American novelist who wrote the gapes wrath 1939 a story of dustbowl victims who travel to California to look for a better life
