Terms Flashcards
Buy on margin
Buy using a loan to pay back later
Stock exchange
A place where shares in corporations are brought and sold through an organized system
Recession
A downward turn in business activity
Depression
Total economic downturn for many years
Black Thursday
Stock market decreased steadily investors sold many shares this day
Public works
Projects such as highways, parks, and libraries built with public funds for public use
Hawley Smoot Tariff
Tax on imported goods, Americans bought less of these, foreign countries did this too, foreigners bought less American goods.
Hoovervilles
Poor people live here because of president Hoovers failure to act
Relief
Aid for the needy, welfare
Hundred Days
Roosevelts proposals for new economic programs
Fireside Chats
President sat by fire and talked to the people over radio
Emergency Banking Relief
Give money to the state for use for helping people in need
Bonus Army
Congress had agreed to give each veteran of World War I a bonus jobless veterans wanted their bonuses right away they March 2 DC demanding their money Hoover sent troops to get rid of them scaring America
Reconstruction Finance Corporation
Lent money to local businesses and state or local programs but didn’t like to make loans so it did not work
New Deal
Hundred days
Work Relief
Programs that gave needy people government jobs
Civilian Conservation Corps – CCC
public works - relief
Federal Emergency Relief Administration – FERA
Give money to states to provide needy - relief
Agricultural Adjustment Act – AAA
Control the agricultural supply and farm prices - recovery
United States vs Butler
Court case where butler sue US cuz AAA is unconstitutional
Tennessee Valley Authority – TVA
Controls flooding, conservation and electricity -relief and recovery
National Industrial Recovery Act – NIRA
Business regulation - recovery
National Recovery Administration – NRA
Minimum-wage and abolish child labor - recovery
Public Works Administration – PWA
Roads, highways, and public buildings - relief
