vocab Flashcards
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great depression
a severe prolonged downturn in the economy that began in 1929 and lasted until the early 1940’s in the United states
laissez faire
belief in non-interference in the affairs of others; oppositions to government regulation in commerce
relief
money and goods given to people in special needs
new deal
name given to the series of programs enacted during the presidency of Franklin Roosevelt to bring about economic recovery, relieve the suffering of the unemployment reform defects in the economy , and improve society
substance homestead fund
a program to provide housing and employment industrial workers
minimum wage
the least amount of money an employer can pay an employee for a certain number of hours worked
worker compensation
insurance for workers who became disabled on the job or who suffer from job related illness