great depression test

price supports

prices that the government sets and maintains by buying surplus goods

credit

a record of how a person handles money and debt

Dow Jones Industrial Average

averages the prices of 30 of the most traded stocks

speculation

buying cheap large quantities of land and waiting for the price to rise before selling

buying on the margin

buying stocks with little money and the promise of paying the balance later

black tuesday

when the stock market crashed

hawley-smoot tariff act

protected American farmers and manufacturers from foreign competition

banking system failures and unemployment rates increased

what were some problems that hinted towards economic crisis?

you can lose more money than you invested

what was the problem with buying stocks on speculation and margin?

the savings of millions of americans was wiped out

what happened when banks failed after the crash?

declining in outputs, severe unemployment, and deflation

what were the world wide effects from the great depression?

farmers debt, consumer debt, more goods than buyers, and decline in over sea trade

what were the main causes of the depression?

shantytowns

little towns consisting of shacks

soup kitchen

place where food is provided to the needy at little or no charge

dust bowl

the drought that affected south-central US causing dust storms

direct relief

cash payments or food provided by the government to the poor

federal home loan act

Lowered mortgage rates for homeowners and allowed farmers to repay their farm loans

reconstruction finance corporation

Agency established to provide emergency relief to large businesses and banks.

bonus army

WWI veterans demanding their bonus pay

american individualism

what was hoover's philosophy on the depression?

it protected cities and farms, supplied cheap electricity, and provided jobs

how did building boulder dam help people/economy during the depression?

FDR

32nd president

new deal

a series of programs and projects instituted during the Great Depression by FDR to restore america

glass-steagall act

established the Federal Deposit Insurance Corporation and included banking reforms

federal sercurities act

required corporations to complete information on all stock offerings

agricultural adjustment act

offered farmers money in exchange for limiting their production of certain crops

civilian conservation corps

provided jobs for unemployed young men

deficit spending

the government spending more than it takes in

huey long

Political leader from Louisiana who criticized the New Deal

the attempt to rebuild the economy

what was the period known as the hundred days?

emergency banking relief act

set up a system where banks would be reorganized or reopened

to protect investors and maintain a fair market

what was the purpose of the securities and exchange commission?

to provide navigation, flood control, electricity and economic development to the tennessee valley

what was the tennessee valley authority?

emergency relief and construction act

what two programs come of the NIRA

the home owners loan corporation and federal housing administration

what two programs helped homeowners?

it promoted him to find methods to change the way the court functions

what was FDR's response to the supreme court's reaction to the new deal

works progress administration

an agency that hired jobless people to build public buildings and parks

national youth administration

a new deal agency that provided work and education for americans between ages 16-25

wagner act

gave employees the right to join or form unions

social security

pays retired workers 65 or older

the farmers security administration and the soil conservation service

what programs were meant to help the farmers as part of the second new deal?

works progress administration and civilian conservation corps

what programs were meant help urban laborers?

old age, unemployment compensation, and public assistance

what were three major parts of the social security program?

federal deposit insurance corporation

the government agency that insures customer deposits if a bank fails

national labor relations board

protected the rights of employees to join together to improve their wages and working conditions