Great Depression Vocabulary

Great Depression

1930s economic downturn

Bull Market

rising stock prices

Buying on margin

stock purchase with borrowed money

Black Tuesday

1929 stock market crash

Smoot-Hawley Tariff

high import taxes in 1930s

Bonus Expeditionary Force

WW1 veterans demanding bonuses

Gross National Product (GNP)

total national economic output

Dust Bowl

1930s Midwest droughts and dust storms

New Deal

FDRs plan to combat the Great Depression

Relief, Recovery, Reform

New Deal’s 3 main goals

Bank Holiday

temporary bank closure to restore trust

National Recovery Act

industrial recovery regulation law

National Recovery Administration

government agency overseeing the National Recovery Act's implementation, aimed at stabilizing prices and improving labor conditions

Agricultural Adjustment Act

it reduced crop surplus and raised prices

Civilian Conservation Corps

program of jobs in environmental conservation

Works Progress Administration

largest New Deal agency that provided jobs in public works projects, including construction and the arts.

Federal Deposit Insurance Corporation

a government agency that provides insurance for bank deposits, protecting depositors' funds

Social Security

a government program that provides financial assistance to retirees, disabled individuals, and survivors of deceased workers

Tennessee Valley Authority

a federally owned corporation that provides electricity, flood control, and economic development in the Tennessee Valley region

National Labor Relations Act

a law protecting workers’ union rights

Sit-Down Strike

a form of protest by occupying a space