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