Great Depression Vocab

Front 1

Speculation

Back 1

The exercise of making high-risk investing in hopes of getting large profits.

Front 2

Black Tuesday

Back 2

the day on October 29. 1929, when the stock prices decreased sharply in the Great Crash.

Front 3

Great Depression

Back 3

A period that lasted for 12 years from 1929 to 1941 where the U.S. economy delayed and unemployment soared.

Front 4

Hawley-Smoot Tariff

Back 4

A protective import tax permitted by Congress in 1930.

Front 5

Dust Bowl

Back 5

A term used for the Great Plains during the 1930s after the region suffered from drought and dust storms.

Front 6

Reconstruction Finance Corp

Back 6

A federal agency created by Congress in 1932 to have banks, railroads, and other large businesses to have emergency government credit.

Front 7

Trickle Down Economics

Back 7

An economic theory that states that money given to banks and businesses will "trickle down" to buyers.

Front 8

Bonus Army

Back 8

A group of World War I veterans who marched on Washington D.C. in 1932 to request early payment bonus pledged them by Congress.

Front 9

New Deal

Back 9

Programs and rules passed by Franklin D. Roosevelt during the Great Depression to encourage economic and social reform.

Front 10

Fireside Chat

Back 10

A casual radio broadcast in which FDR discussed issues New Deal programs to normal Americans.

Front 11

Second New Deal

Back 11

A rule project started by FDR in 1935 to resolve problems set up by the Great Depression

Front 12

Pump Priming

Back 12

An economic statement that preferred public works activities because they put money into the hands of buyers who would buy more stuff, balancing the economy.

Front 13

CIO

Back 13

(Congress of Industrial Organization) A work organization created in the 1930s that spoke on behalf for industrial workers.

Front 14

Court Packing

Back 14

FDR's plan to add six new justices to the nine-member Supreme Court after they had decreed that some New Deal rules was unconstitutional.