Great Depression Vocab Flashcards
Shanty towns that the unemployed built in the cities during the early years of the Depression; the name given to them shows that the people blamed Hoover directly for the Depression.
Hoovervilles
college professors and other experts who offered FDR suggestions for solving the problems of the Great Depression
Brain Trust
WWI veterans who marched on Washington demanding their $1,000 bonus pay before the 1945 due date.
Bonus Army
To use borrowed money to fund government programs such as the New Deal. Some criticized FDR for spending more than the government was taking in.
deficit spending
Area of the Great Plains that suffered a severe drought in the 1930’s
Dust Bowl
President of the U.S during the Great Depression whose New Deal programs attempted to solve its problems
Franklin D. Roosevelt
Fireside Chats
radio broadcasts made by FDR to the American people to explain his plans and programs for dealing with the depression
Trickle Down Economics
Philosophy of Hoover in which government stimulation should work from the top down by loaning money to businesses first
Prime the Pump
Philosophy of FDR in which government stimulation should work from the bottom up by putting money directly into the hands of consumers
Rugged Individualism
Belief of Herbert Hoover in which the poor should help themselves out of poverty rather than the government
Proposal of FDR to place extra justices on the Supreme Court to help gain support for his New Deal programs
Court Packing
Protected people’s money in the stock market from illegal practices.
Securities and Exchange Commission (SEC)
The historic Congressional session from March 9th to mid June 1933 where FDR sent Congress a pile of new bills aimed at ending the Great Depression
Hundred Days
Buying and selling of stock in the hope of making a quick profit
speculation
Insured savings accounts in banks approved by the government
FDIC (Federal Deposit Insurance Corporation)
