MEAD UNIT 8
Terms
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- FRANCES PERKINS
- secretary of labor, first woman appointed to a cabinet post
- FUNDAMENTAL
- being of central importance
- SPECULATION
- buyers take a risk to invest in current companies in hopes they will continue to grow
- HUNDRED DAYS
- time when congress passed 15 major acts to meet the economic crisis
- MARGIN
- a small cash downpayment for stocks
- JOHN MAYNARD KEYNES
- influential british economist who published a book that discussed the causes of recession
- HOOVERVILLE
- slang name for shantytowns that blamed the president for the current situation
- STOCK MARKET
- a system for buying and selling shares of companies
- SUM
- a specified amount of money
- FORECLOSE
- taking posession of properties and evicting families
- SUSPEND
- to temporarily stop an operation
- HENRY MORGENTHAU
- treasury secretary who favored balancing the budget and cutting spending
- SHANTYTOWN
- unused or public land where the homeless gathered and put up shacks
- FEDERAL DEPOSIT INSURANCE CORPORATION
- provided government insurance for bank deposits up to a certain amount
- NATIONAL LABOR RELATIONS BOARD
- 5 member who organized secret factory elections to determine if the workers wanted a union
- APPARENT
- appearing to be fact as far as can be understood
- WORKS PROGRESS ADMINISTRATION
- a federal agency that offered work to over 8.5 million americans
- MEDIATE
- an attempt to resolve conflict between hostile people or groups
- GOLD STANDARD
- one ounce of gold equaled a set number of dollars
- DUST BOWL
- lands from the dakotas to texas where farmers had not planted crops and drought had caused the land to dry to dust
- CIVILIAN CONSERVATION CORPS
- offered unemployed young men 18 to 25 the opportunity to work under the direction of the national forestry service planting trees, fighting forest fires, and building reservoirs.
- GRANT WOOD
- led the regionalist school which emphasizes traditional american values
- BROKER STATE
- working out conflicts among different interest
- TECHNIQUE
- a method of achieveing a desired task
- AMERICAN LIBERTY LEAGUE
- organized opposition to the new deal
- REACTION
- the response to a stimulus
- CONTRIBUTE
- to give to a common cause
- BULL MARKET
- a long period of rising stock prices
- COURT PACKING
- plan to pass a bill that would allow roosevelt to appoint 6 new justices
- BINDING ARBITRATION
- neutral party listens to both sides and decides the issue
- WALT DISNEY
- produced the first feature-length animated film
- BAILIFF
- court officers
- BANK HOLIDAY
- closing the remaining banks before bank runs put them out of buisness
- HOBO
- homeless and unemployed americans who wandered, hitchhiked or hid in railcars.
- JOHN STEINBACK
- novelist who envoked sympathy for his characters in his novel "the grapes of wrath"
- INVEST
- to put money into a company in order to gain future financial reward
- THEREBY
- to be connected with or in reference
- MARGIN CALL
- a demand for an invester to repay the broker at once
- RELIEF
- money that went directly to impoverished families
- AGRICULTURAL ADJUSTMENT ADMINISTRATION
- regulated the new plan for the government to pay farmers not to raise certain livestocks, such as hogs and not to raise certain crops, such as cotton, corn wheat and tobacco
- FIRESIDE CHAT
- president roosevelt addressed the nation by radio
- SAFETY NET
- safeguards and relief programs that protected them against economic disaster
- SIT-DOWN STRIKE
- workers sit down and refuse to work or leave the factory
- WILLIAM FAULKNER
- novelist who showed what his characters were thinking and feeling before they spoke
- FINANCE
- to provide money for a project
- ALFRED E. SMITH
- four time governor of new york, democrat candidate in 1928 election
- BLACK TUESDAY
- October 29th, prices in the stock market took the steepest dive, losing 10-15 billion dollars in value
- HAWLEY-SMOOT TARIFF
- raised the average tariff rate to the highest in american history
- NEW DEAL
- roosevelts policies for ending the depression
- RECONSTRUCTION FINANCE CORPORATION
- made loans to banks, railroads, and agricultural institutions
- PUBLIC WORKS
- governement financed building projects
- DEFICIT SPENDING
- borrowing money to pay for government programs
- COLLEAGUE
- a person who works in the same, or similar, profession
- COMMUNITY
- people with common characteristics living in the same area
- CRUCIAL
- something considered important or essential
- SERIES
- a number oif events that come one after another
- SECURITIES AND EXCHANGE COMMISSION
- regulated the stock market and prevent fraud
- DEMONSTRATE
- to prove, or make clear, your beliefs
- SOAP OPERA
- daytime radio dramas that were often sponsored by the makers of laundry soaps
- SOCIAL SECURITY ACT
- provides some security for the elderly and for unemployed workers
- INSTALLMENT
- buying high cost items by making a small downpayment and paying off the rest in monthly installments
- BONUS ARMY
- group of veterans that marched to washington d.c. to claim a $1,000 bonus for veterans
- ENHANCE
- to improve or increase
- IDEOLOGY
- a system of thought that is held by an individual, group or culture