Unit 17/18/19 Flashcards
Deflation
A decrease in the general price of goods and services
Price Support
Law that keeps prices above a set level
Credit
Short Term loans to buy goods with promises to pay later
Alfred E. Smith
Democractic presdiental candidate in 1928
Dow Jones Indutrial Average
Index of stock prices of select companies
Speculation
Investments in high risk ventures
Buying on margin
Buying stock by paying only a portion of the full cost up-front with promise to pay the rest later
Black Tuesday
October 29, 1929, the day the stock market crashed
Great Depression
Period of bad economic times in the U.S. that lasted from 1929 - 1930s
Hawley Smoot Tariff Act
Law that raised taxes on imports and worsend the Depression
Herbert Hoover
31st President
Boulder Dam
Dam on the Colordao River built during the Depression to create jobs
Federal Home Loan Bank Act
Law passed in 1931 to reduce mortage rates to save farmers from foreclosure
Reconstruction Finace Corporation
Agency established in 1932 to provide emergy relief to large buisnesses, inusrance companies, and banks
Bonus Army
Unemployed WWI veterans who marched to Washington to demand their war bonuses
Franklin Delani Roosevelt
32nd PResident
New Deal
Franklin Roosevelts progams to end the Depression
Glass Steagall Act
Law that created insurance for bank deposits
Federak Securities Act
Law to regulate stock information
Agriculture Adjustment Act (AAA)
Programs to help farmers
Civiliian Conservation Corps (CCC)
Program to empploy young men in owrk projects
National Inudtrial Recovery Act (NIRA)
Programs to help indutry
Deficit Spending
Spending more than the goverment recieves in revenue
Huey Long
Politcal leader from Louisanana who critized the New Deal
Eleanor Roosevelt
First lady
social reformer
political advisor
Works Progress Administration (WPA)
New Deal jobs program
National youth Administration (NYA)
Program to provide aid and jobs to young people
Social Security Act
Program that provided aid to people with disabilities and pensions for retired workers
Securties and exchange Commission (SEC)
Agency to regulate stock markets
Federal Deposit Insurance Coporation (FDIC)
Insurance for savings
National Labor Relations Board (NLRB)
Agency to regualte buisness
Parity
An equal or fair amount
Tennessee Vallet authority (TVA)
Regional work project of lasting value