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25 Cards in this Set

  • Front
  • Back
a steady drop in prices
bear market
TVA
Tennessee Valley Authority-built dams and power stations to stop frequent flooding and bring electricity to the Tennessee Valley
FDIC
New Deal program established to make sure bank deposits were insured
bank holiday
FDR closed banks to prevent further withdrawals
margin buying (buying on margin)
purchasing stock with borrowed money
First Lady-took an active role in politics
Eleanor Roosevelt
Great Depression
Worst economic downturn in the country's history
WPA
Program to create jobs for the unemployed; it hired people to build streets, parks, libraries, schools, paint murals, and to write books
FDR (Franklin Delano Roosevelt)
US President during the Great Depression who brought the New Deal
Fireside Chats
speeches given by FDR over the radio;used to inspire the country and offer hope
Herbert Hoover
U.S. President when the stock market crashed; was blamed for not doing enough to help when the Great Depression began
installment plan
paying a little bit of money towards a purchase
FDIC
New Deal program to make sure banks were insured
CCC
Provided jobs on conservation projects such as planting trees and cleaning hiking trails
Bull market
continued rise in the stock market
deficit spending
when the government spends more than it takes in
Dust Bowl
caused by overproduction of soil and severe drought
Stock
shares of ownership in a company
welfare state
government institutions that provide basic social services for citizens like health care and retirement pensions
Social Security
old age insurance given to individuals so that at the age of 65, they will be able to draw a check
Hoovervilles
communities of shacks constructed from wooden crates, tar paper, and cardboard
Black Tuesday
The day the stock market crashed
SEC-Securites and Exchange Commission
created to bring regulation to the stock market and other financial institutions
Bonus Army
former soldiers who formed a shantytown in sight of the capitol; they were demanding payment of monies promised
World War II
brought an end to the Great Depression