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The Great Depression and New Deal

Terms

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black tuesday
oct. 29, 1929. the worst day of plunging stock market prices during the stock market crash that helped initiate the great depression.
stock market crash
oct. 1929. period of plunging stock market prices.
buying on margin
buying stock by paying a percent of stocks, moneym and borrowing money from broker, allowing one to make greater profits if stock does well.
overproduction
situation in which more goods are being produced then people can afford.
underconsumption
situation in which people are purchasing fewer goods than the economy is producing.
hawley-smoot tariff act
1930 law passed by congress to raise tariffs on imported goods in order to protect u.s. businessmen and farmers.
bonus army
group of thousands of world war one veterans who went to dc in 1932 to get early payment of retirement bonus to get through the great depression.
hooverville
during the great depression, a shanty town of makeshift dwellings.
reconstuction finance corporation
a gov. agency created by congress in 1932 to provide loans to banks, rail roads, and big businesses.
new deal
roosevelt's domestic program from 1933-1939 aimed to bring economic relief to great depression.
first hundred days
first three months of roosevelt's presidency. congress passed a new record of billsto implement the new deal and provide relief, recovery, and reform from great depression.
black blizzard
a severe dust storm.
dust bowl
area of great plains of the usa that suffered from wind erosion during the 1930s.
the grapes of wrath
novel by john steinbeck published in 1939, won acclaim for description of the experience of the dust bowl migrants during the great depression.
okies
nickname for a person who migrated from dust bowl to ca during the great depression.
great flood of 1936
a big flood in new england.
national industrial recovery act
as part of the new deal, a law passed by congress in 1933 to increase production while boosting wages and prices; it created the nra.
agricultural adjustment administration
tried to aid farmers by reducing crop production and raising prices.
civilian conservation corps
provided work for unemployed americans during the gd (part of 1st hundred days of the new deal)
works progress administration
part of the new deal, provided work for unemployed americans during gd.
wagner act
officially the national labor relations act, a law passed by congress in 1935 to protect workers' right to organize into unions; it created the national labor relations board.
social security act
1935, to establish federal programs to offer old-age assistance and benefits. unemployment compensation, and aid to needy moms, kids, and the blind.
new deal coalition
a political partnership formed in the 1930s among various social and political groups in support of new deal, democratic party, and roosevelt.
deficit spending
gov.'s practice of spending more money than it recieves in revenue, the difference being made up by borrowing.

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