Great Depression vocab.
Terms
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- Herbert Hoover
- republican pres failed to halt the Great Depression
- Bonus Army
- WWI veterans who came to Washington seeking early payment of bonuses for wartime service
- public works
- gov't-funded projects to assist individuals, families and communities in need.
- speculation
- buying and selling risky items in hope of making a quick profit
- American Federation of Labor (AFL)
- largest labor union; more selective than CIO
- Dust Bowl
- region including parts of kansas, Oklahoma, Texas, Colorado, and New Mexico in which farms were damaged by dust storms
- Twentieth Amendment
- constitutional amendment moving presidential inauguration from March to January
- First New Deal
- 1933-1935 program created by FDR to fight the Depression
- Social Security Act
- law creating fund for assisting retired workers and the unemployed
- deficit spending
- using borrowed money to fund gov't programs
- fireside chats
- series of radio talks in which FDR explained his policies in a casual style
- Second New Deal
- 1935-1937 extension of FDR's 1st new deal
- Congress of Industrial Organizations (CIO)
- labor union; included skilled and unskilled workers; open to women and minorities
- Federal Deposit Insurance (FDIC)
- protected money of depositors in insured banks