The Great Depression Vocabulary

Question 0

A network of banks that lend money to help businesses get started

Answer 0

Banking system

Question 1

The national banking system that controls the flow of money into the economy by raising and lowering interest rates.

Answer 1

Federal Reserve

Question 2

October 29, 1929- The nickname for the day the stock market crashed

Answer 2

Black Tuesday

Question 3

A process in which a union representative or group of workers negotiates with management for a contract

Answer 3

Collective bargaining

Question 4

Find something without cash, by agreeing to pay the debt in the future (on the installment plan) with interest

Answer 4

Credit

Question 5

When the Great Plains and much of the Midwest is called what suffered from severe drought and dust storms in the 1930s

Answer 5

Dust Bowl

Question 6

The total production, distribution, and consumption of wealth, goods and services of a nation

Answer 6

Economy

Question 7

The president has new deal program sought to bring about relief, recovery, and reform

Answer 7

Franklin Delano Roosevelt

Question 8

A period of economic hard times that lasted from 1921 to 1941

Answer 8

Great depression

Question 9

Mass movement of people from one place to another

Answer 9

Migration

Question 10

To buy or sell stocks or land hoping to gain huge profits quickly

Answer 10

Speculation

Question 11

Sears of ownership in a corporation

Answer 11

Stocks

Question 12

Food, supplies, and goods excess of what is needed; extra

Answer 12

Surplus

Question 13

Texas place on imported goods to protect domestic businesses from foreign competition

Answer 13

Tariffs

Question 14

Factories make more than people buy or when supply exceeds demand

Answer 14

Overproduction

Question 15

The percentage of working age people who are unemployed

Answer 15

Jobless rate

Question 16

Franklin Delano Roosevelt’s plan of relief, recovery, and reform to relieve the suffering, get us out of depression, and prevent future depressions

Answer 16

New Deal

Question 17

Aid in the form of goods or money to help the needy

Answer 17

Relief

Question 18

Actions, laws, or procedures to help the nation get out of the depression

Answer 18

Recovery

Question 19

Actions, laws, or procedures to prevent future depressions

Answer 19

Reform

Question 20

Agency of the federal government that insures banks. Still exists today.

Answer 20

Federal Deposit Insurance Corporation (FDIC)

Question 21

Provided government jobs, built ports, schools, airports, etc. Famous for building the grand Coulée dam and Washington state.

Answer 21

Public Works Administration (PWA)

Question 22

Employed men and women to build hospitals, schools, parks, and airports; employed artists, writers, and musicians.

Answer 22

Works Progress Administration (WPA)

Question 23

A system of pensions for the elderly, unemployment benefits, and payments to dependent children and people with disabilities. Still exists today.

Answer 23

Social Security Administration (SSA)

Question 24

Provided jobs for young men to plant trees, build bridges and parks, and set up flood control projects.

Answer 24

Civilian Conservation Corps (CCC)

Question 25

Built dams control of letting in Tennessee Valley. A by-products of the dams was that they generated cheap electricity in this impoverished region.

Answer 25

Tennessee Valley Authority (TVA)

Question 26

Paid farmers not to grow certain crops. FDR thought that with smaller harvests, the price of farm goods would rise.

Answer 26

Agricultural Adjustment Act (AAA)

Question 27

Banned child labor, set 40 hours as maximum workweek, and set a minimum wage.

Answer 27

Fair Labor Standards Act (FLSA)