New Deal and Great Depression

Great Depression

Period lasting from 1929 to 1941 in which the u.s economy faltered and unemployment soared

Business Cycle

Periodic growth and contraction of the economy

Herbert Hoover

(1874-1964) Served as secretary of commerce and later as the President of the U.S from 1929 to 1933 during the Great Depression. His administration's response to the great Depression was widely criticized for its ineffectiveness

Stock Market Speculation

Practice of making high risk investments in hopes of obtaining large profits

Stock Market Crash Black Tuesday

October 29, 1929 when stock prices fell sharply in the great crash

Hawley Smoot Tariff

Protective tax on imports enacted by Congress in 1930 in an effort to counter the nations slide into the Great Depression

Monetary Policy

Controlled by the federal reserve system that manipulates the money supply and or interest rate

Federal Reserve

Franklin Roosevelt

New Deal

The government would play an active role in providing relief, recovery and reform from the Great Depression

Hooverville

Improvised housing and squatted on property they did not own like parks or vacant lots

Bonus Army

By 1932 the veterans wanted to get the bonus early because they needed the money the protesters did not get their bonus and were eventually forcefully removed by the US army in a violent confrontation that left two people dead hurt Hoover verse chances for reelection

National Recovery Administration

This administration, staffed collaboratively with people from both the business side and worker's side set prices for consumer goods, production levels for companies and wages and hours for employees

New Deal relieved to help unemployed - civilian conservation corps

to provide relief to those who have no employment by providing young men with jobs around the country and sending their families money

New deal, relief to help unemployed - works with progress administration

to provide jobs for americans while improving the nation infrastructure and enriching its cultural landscape

New deal reforms to help elderly - social Security act

Provided financial security for vulnerable groups such as the elderly children and disabled people

New deal reformers to help farmers - agricultural adjustment act

partnership: between the government and major producers that said they would raise prices by reducing the supply of farm goods in other words for major farms "domestic allotment"

New deal reforms to help investors - securities exchange commission

created fair and transparent markets for investors which helped restore trust in the stock market and prevent future crashes

New deal reforms to help investors - federal deposit insurance corporation

aimed to restore trust in the banking system by insuring deposits and the stability of financial institutions

New deal reforms to help laborers - Wagner act

Francis Perkins

American workers right advocate and the fourth secretary of labor, and also the longest in that position and the first ever woman to serve as a presidential cabinet

Black cabinet

Group of African American leaders who served as unofficial advisors to Franklin D Roosevelt

Indian new deal

1930’s legislation that gave Native Americans greater control over their affairs and provided funding for schools and hospitals

Welfare state

Government that assumes responsibility for providing for the welfare of the poor elderly, sick and unemployed

Fireside chat