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4 Cards in this Set
- Front
- Back
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new deal
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the economic measures introduced by President Franklin D. Roosevelt in 1933 to counteract the effects of the Great Depression. It involved a massive public works program, complemented by the large-scale granting of loans, and succeeded in reducing unemployment by between 7 and 10 million.
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bank holiday
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a day on which banks are officially closed, observed as a public holiday.
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FDIC (federal deposit insurance corporation)
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Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
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Frances Perkins
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Perkins, Frances (1882–1965), U.S. public official; born Fannie Coiralie Perkins. As U.S. secretary of labor 1933–45, she was the first woman to hold a federal cabinet post. She promoted the Social Security program and the minimum wage.
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