The Great Depression And New Deal Flashcards
What is relief
Giving direct aid to ease the suffering of the poor and unemployed
What is recovery
Economic rebuilding, creating new businesses and jobs, assistance of business growth
What is reform
Reform of the financial system to ease economic crisis and prevent reoccurrence of the Great Depression
What was the stock market crash of 1929
Oct. 29, stocks suddenly lost value because of deficit spending, over production and consumer culture
What were FDRs public programs
Organizations that helped the NEW DEAL
What is buying on the margin
Paying a fraction of the cost of a stock and borrowing the rest from the bank
Who was Franklin Roosevelt
President after Hoover, creator of the new deal
Herbert Hoover
President during beginning of the Great Depression, believed the government shouldn’t help people or they would become too dependent
What was the new deal
Created by FDR to bring America out of the depression
Included relief, recovery and reform
What is over-speculation
When an investor buys stock on potential future earnings of stock that they already own
What is deficit spending
The gov spending money they don’t have putting itself in debt in order to help those who needed it
What is overproduction
When businesses and factories produce too many goods for not enough consumers and the product prices drop
