Miller Flashcards
Buying on margin
Purchasing stocks on credit, or with borrowed money
Black Tuesday
On Tuesday,October 29-a day that became known as Black Tuesday-the stock market crashed.So many people wanted to sell their stocks ,and so few wanted to buy, that stock prices collapsed
Business cycle
This up-and-down pattern is known as the business cycle
Great Depression
But the economy did not recover quickly from the downturn that began in 1929. Because of its severity and length, it was called the Great Depression.
Bonus army
Were World War 1 veterans, some with their families called the bonus army, they had come to the capital to demand early payment of a military bonus
Franklin D. Roosevelt
In contrast, as governor of New York during the first years of the depression,Franklin D. Roosevelt had taken active steps to provide aid.
New deal
Roosevelt and Congress worked together to create new programs to battle the Depression and aid economic recovery.These programs became known as the New Deal
Fireside chats
addresses in which he spoke directly to the American people
Tennessee Valley Authority
Tennessee Valley Authority (TVA),hired people to build dams and generators, bringing electricity and jobs to communities in the Tennessee River valley.
Frances Perkins
Frances Perkins the nation’s first woman cabinet member.
Social security
passed in 1935, provided some financial security for the elderly, the disabled, children, and the unemployed
Social security
passed in 1935, provided some financial security for the elderly, the disabled, children, and the unemployed
Congress of Industrial Organizations
In 1935 a new union called the Congress of Industrial Organizations (CIO) organized workers into unions based on industry, not skill level
