Great Depression/FDR//New Deal Flashcards
Corporation
Legally organized company
Depression
Period of severely reduced economic activity and an increase in unemployment
Speculation
Way of gambling with short term investments / risk venture
Shares
Part ownership in a company
Recession
Signs of economic distress
Dividend
Payment to a shareholder
Buying on margin
Pay only a fraction of a stocks dollar value
Bank run
People went to banks to get all their money
Stock market
Public buying of companies
Moratorium
Temporary shutdown of operations
Dole
Government charity
Subsidy
Financial assistance
Unionization
Formation of unions
Demagogue
Leader who gains power by appealing to people’s prejudices and fears
Discrimination
Prejudicial treatment
Federal regulation
Expansion of federal government
Court packing
When Fdr wanted to ask MORE people to Supreme Court
Prime pumping
Government spends money which creates jobs which leads to more money which leads to more jobs
Tenant farmers
Paid to rent farm
Don’t own land they farm on
Charles E Coughlin
Roman Catholic priest with weekly radio show and wanted to nationalize banks and make them federal businesses
Frances Perkins
First woman in presidential cabinet
Francis Townsend
Wanted everyone above 60 to retire so more jobs would be there for younger people and they would receive a 200 dollar pension every month
Mary McLeod Bethune
Lead the NYA
JP Morgan
Big banker who puts money into the stock market