Great Depression And New Deal

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Great Depression and New Deal

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The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s. It was the longest, most widespread, and deepest depression of the 20th century. The New Deal was a series of economic programs implemented in the United States between 1933 and 1936.

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Great Depression

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The Great Depression was a severe worldwide economic depression in the decade preceding World War II.

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Black Tuesday

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It was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and duration of its fallout. The crash signaled the beginning of the 12-year Great Depression that affected all Western industrialized countries and that did not end in the United States until the onset of American mobilization for World War II at the end of 1941.

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Dust Bowl

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It was a period of severe dust storms causing major ecological and agricultural damage to American and Canadian prairie lands from 1930 to 1936. The phenomenon was caused by severe drought coupled with decades of extensive farming without crop rotation, fallow fields, cover crops or other techniques to prevent erosion.

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Gross National Product

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It is the market value of all products and services produced in one year by labor and property supplied by the residents of a country. Unlike Gross Domestic Product, which defines production based on the geographical location of production, GNP allocates production based on ownership.

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Herbert Hoover

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He was the 31st President of the United States (1929–1933). Hoover was a professional mining engineer and author.

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Franklin D Roosevelt

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He was the 32nd President of the United States and a central figure in world events during the mid-20th century, leading the United States during a time of worldwide economic crisis and world war.

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20th Amendment

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The amendment reduced the amount of time between Election Day and the beginning of Presidential, Vice Presidential and Congressional terms.

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New Deal

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The New Deal was a series of economic programs implemented in the United States between 1933 and 1936.

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Frances Perkins

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She was the U.S. Secretary of Labor from 1933 to 1945, and the first woman appointed to the U.S. Cabinet. As a loyal supporter of her friend, Franklin D. Roosevelt, she helped pull the labor movement into the New Deal coalition.

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Fireside Chats

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They were a series of thirty evening radio speeches given by United States President Franklin D. Roosevelt between 1933 and 1944.

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FDIC

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A corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank.

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Public Works Administration

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It was part of the New Deal, or 100 hundred days plan agency in the United States headed by Secretary of the Interior Harold L. Ickes during President Roosevelt's time in office.

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Civilian Conservation Corps

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It was a public work relief program in the United States for unemployed, unmarried men, ages 17–25, between 1933-42. A part of the New Deal of President Franklin D. Roosevelt, it provided unskilled manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state and local governments.

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Schechter Poultry Corp. v. United States

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It was a decision by the Supreme Court of the United States that invalidated regulations of the poultry industry according to the non-delegation doctrine and as an invalid use of Congress' power under the commerce clause.

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Securities Exchange Commission

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A federal agency which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets in the United States.

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Second New Deal

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The term used by commentators at the time and historians ever since to characterize the second stage of the New Deal programs of President Franklin D. Roosevelt.

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Works Progress Administration

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The largest and most ambitious New Deal agency, employing millions to carry out public works projects, including the construction of public buildings and roads, and operated large arts, drama, media, and literacy projects. It fed children and redistributed food, clothing, and housing.

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Wagner Act 1935

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A 1935 United States federal law that limits the means with which employers may react to workers in the private sector who create labor unions, engage in collective bargaining, and take part in strikes and other forms of concerted activity in support of their demands.

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Social Security Act 1935

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It refers to the federal Old-Age, Survivors, and Disability Insurance program. The original Social Security Act and the current version of the Act, as amended encompass several social welfare and social insurance programs.

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Huey Long

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He served as the 40th Governor of Louisiana from 1928–1932 and as a U.S. Senator from 1932 to 1935. A Democrat, he was noted for his radical populist policies.

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John L. Lewis

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He was an American leader of organized labor who served as president of the United Mine Workers of America from 1920 to 1960. A major player in the history of coal mining, he was the driving force behind the founding of the Congress of Industrial Organizations, which established the United Steel Workers of America and helped organize millions of other industrial workers in the 1930s