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14 Cards in this Set
- Front
- Back
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Social Security Act
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Legistlation of 1935 that established a social wlefare system funded by employee and worker contributions included old agae pensions, surivor's benefits for victims of industial accidents and unemployment insurance
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National Debt
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Total debt of the federal goverment
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Father Divine
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African American minister; his Harlem soup kitichens fed the hungry during the Great Depression
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Wagner Act
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National Labor Relations Act of 1935; legalized union practices such as collective bargaining and the closed shop and outlawed certain antuion practice such as blacklisting
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GNP(Gross National Product)
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Total amount of good and sercices a nation produces
*used to gauge economic strength |
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Welfare capitalisn
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Industrail policy of meeting workers' needs with increased pau and benefits for the purpose of preventing labor union organization
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Coalition
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Union of several groups who work together toward a common political, social, or economic group
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Tennessee Valley Authority
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created in May 1933 helped farmers and created jobs in on of the country's least modernized regions
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John Maynard Keynes
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British Economist who believed that government spending could help a faltering economy; his theories helped shape New deal legislation
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Hawley-Smoot tariff
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Import tax levied in 1930, the highest in United States history; produced the opposite of its intended effect when international trade slowed
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Buying on Marigin
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Practice of buying stocks by paying 10 to 50 percent of the full price and borrowing the rest; common in the 1920's before the stock market crash of 1929
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Speculation
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Undertaking risk on stocks or real estate for the chance of profit
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Public work programs
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Government funded projects to builed public facilities; central to President FDR's New Deal job programs
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Eleanor Roosevelt
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First Lady 1933-1945; tireless woker for social causes, including womens' rights and civil rights for African Americans and other groups
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