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depression and new deal vocab

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97530306black cabineta group of african american advisors to fdr
97530307black thursdayoctober 24, 1929; stock market crashes and almost 13 million shares are sold on that day alone
97530308bonus armyjobless WWI veterans who marched on washington demanding their 1000 bonus pay before the 1945 due date
97530309defaultfailure to meet loan payments
97530310dust bowllong periods of drought and destructive farming mothods ruined farming in the region
97530311emergency banking relief actgave the president power over the banking system and set up a system by which banks would be reorganized or reopened
97530312fireside chatsinformal talks given by FDR over the radio, sat by white house fireplace, gained the confidence of the people
97530313hoovervillesshanty towns that housed many who had lost everything. shelters were built out of old boxes and other discards
97530314hundred daysthe special session of congress that roosevelt called to launch his new deal programs. the special session lasted about three months: 100 days
97530315migrant workerspeople, typically, farmers, who move from place to place to harvest fruits and vegetables
97530316new dealthe legislative and administrative program of president f.d. roosevelt designed to promote economic recovery and social reform during the 1930s
97530317on marginpaying only a fraction of the stock price and borrowing the rest from brokers
97530318pensiona payment, usually for older people once they retire
97530319public worksprojects such as highways, parks, and libraries sponsored by the government to create new jobs
97530320reliefaid for the needy
97530321revenue act1935; raised taxes on the wealthy and corporations
97530322second new deala new set of programs and reforms launched by FDR in 1935; changed american life even more than the hundred days
97530323social security actcreated a tax on workers and employers. that money provided monthly pensions for the retired
97530324stock exchangean organized system for buying and selling shares, or blocks of investments, in corporations
97530325subsidiesgrants of money
97530326unemployment insurancepayments to people who lost their jobs, previous employers make the payments
97530327work relief programsestablished to give needy people government jobs

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