The Great Depression & New Deal

Flashcards covering the key vocabulary terms and definitions from the lecture on the Great Depression and the New Deal.

Great Depression

A period lasting from 1929 to 1941 in which the U.S. economy faltered and unemployment soared.

Speculation

The act of buying stocks at great risk with the anticipation that the prices will rise.

Banks Runs

Persistent and heavy demands by a bank’s depositors, creditors, or customers to withdraw money.

Black Tuesday

October 29, 1929, when stock prices fell sharply in the Great Crash.

Federal Reserve System

The central banking system of the United States that regulates the amount of money in circulation.

Monetary Policy

Strategy taken by a central banking system to regulate the supply of money.

Tariffs

A tax to be paid on a particular class of imports or exports.

Deportation

The forced removal of someone from a country.

Repatriation

The process by which government officials return persons to their country of origin.

Dust Bowl

Term used for the central and southern Great Plains during the 1930s, when the region suffered from drought and dust storms.

New Deal

Programs and legislation pushed by President Franklin D. Roosevelt during the Great Depression to promote economic recovery and social reform.

Federal Deposit Insurance Corporation (FDIC)

Provides government insurance for bank deposits.

Securities and Exchange Commission (SEC)

Created to regulate the stock market and stop fraud.

Social Security Administration

Sets up a pension system for retirees and established unemployment insurance.

Court-Packing Plan

President Franklin D. Roosevelt’s plan to add six new justices to the nine-member Supreme Court.