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14 Cards in this Set

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  • Back
Social Security Act
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
National Debt
Total debt of the federal goverment
Father Divine
African American minister; his Harlem soup kitichens fed the hungry during the Great Depression
Wagner Act
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
GNP(Gross National Product)
Total amount of good and sercices a nation produces
*used to gauge economic strength
Welfare capitalisn
Industrail policy of meeting workers' needs with increased pau and benefits for the purpose of preventing labor union organization
Coalition
Union of several groups who work together toward a common political, social, or economic group
Tennessee Valley Authority
created in May 1933 helped farmers and created jobs in on of the country's least modernized regions
John Maynard Keynes
British Economist who believed that government spending could help a faltering economy; his theories helped shape New deal legislation
Hawley-Smoot tariff
Import tax levied in 1930, the highest in United States history; produced the opposite of its intended effect when international trade slowed
Buying on Marigin
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
Speculation
Undertaking risk on stocks or real estate for the chance of profit
Public work programs
Government funded projects to builed public facilities; central to President FDR's New Deal job programs
Eleanor Roosevelt
First Lady 1933-1945; tireless woker for social causes, including womens' rights and civil rights for African Americans and other groups