The Great Depression

When the US treats south and central America as equals

Good neighbor policy

When there’s more money in the economy than goods and services, prices and wages rise.

Inflation

When there’s more goods and services in the economy, then there is money. Wages and prices fall.

Deflation

Part ownership of a company and loaning a company money and getting paid back with interest

Stocks and bonds

Paying part of a stock price upfront, paying off the rest later

Buying on Margin

10/29/29, the day the stock market crashed

Black Tuesday

Total value of all goods and services produced by a nation in one year

GNP (Gross national product)

Total value of all goods and services produced in a nation in one year

GDP (Gross domestic product)

Homeless villages put up in parks during the Great Depression

Hooverville

Group of World War I veterans who occupied Washington DC, seeking an early pension from the government.

Bonus army

Refers to drought like conditions in the Midwest that forces people to move west California

Dust Bowl

FDR’s plan to ease the Great Depression

New Deal

FDR unofficial advisors who below him create the new deal

Brain trust

FDR Radio addresses meants to calm the nation

Fire Side Chats

When FDR closes the banks for 4 days to stop the Panic of 1933

Bank Holiday

Federal Deposit Insurance Corporation, guarantees bank deposits up to $250,000

FDIC

Pays farmers to grow less food

AAA (Agricultural Adjustment Administration)

Provides a pension for disabled people and senior citizens

Social Security act

The basis of all new deal Programs

3-R’s (Relief, recovery, reform)

First female cabinet, member, FDR secretary of labor

France’s Perkins

Government organization that promoted businesses who set a minimum wage and price controls

NIRA (National industrial recovery administration)

1905 Supreme Court case that says the government may not interfere with the relationship between a business and its employees

Lochner v. NY

1935 Supreme Court case that ruled NIRA unconstitutional because of Lochner

Schechter “Sick Chicken” Case

Proposal by FDR to add one justice to the Supreme Court for each one over 70. Congress says no

Court “Packing”

1937 Supreme Court case that says the minimum wage is legal. Ending the Lochner era.

West Coast hotel v. Parrish

Presidential action that changes the way and existing law is enforced

Executive order

The amount of money per year the government spends over what it takes in

Deficit

Deficits add of overtime

Debt