Vocabulary (Def & Term) Flashcards
prog = program|proj = project|age = agency|N.D. = new deal|G.D. = great depression
A long period of rising stock prices
Bull Market
Broker demand: investors deposit more money to cover potential losses in margin accounts
Margin Call
Buying stock by paying a small amt upfront and borrowing the rest
Purchase on Margin
October 29, 1929, the stock market crashed, leading to the G.D.
Black Tuesday
A large number of bank customers simultaneously withdraw deposits
Bank Run
A line of people waiting to receive free food
Breadline
A place where free food and meals are given to poor people
Soup Kitchen
Homeless people put up shacks on unused or public lands
Shantytowns
Hoovervilles
A homeless and usually penniless wanderer
Hoboes
Severe drought and dust storms in central U.S. -by poor farming practices
Dust Bowl
Farmers from Oklahoma and the dust bowl who headed west for work
Okies
31st President -minimal government intervention -public works / relief efforts
Herbert Hoover and his programs
Government-funded construction projects -for jobs
Public Works
1932 -WWI veterans marched on Washington, D.C. -demand early bonus payments promised by gov
Bonus Army
Protests by unemployed workers / families demand food and jobs
Hunger Marches
32nd President -N.D. to give relief, recovery, and reform
Franklin Delano Roosevelt (FDR)
FDR wife -civil rights and social welfare - New Deal programs
Eleanor Roosevelt
-lost homes / jobs -money trouble with limited government aid
how the Great Depression affected American families