depression and new deal vocab

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