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14 Cards in this Set

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tennessee vallu authority
1933 helped farmers and created jobs in one of the countrys least modernized regions
provided cheap electric power, flood control, & recreational oppertunities to entire tennessee river valley
national debt
entire country was in debt result of booming economy in the 1920's, stockmarket crash etc...
coalition
union of several groups who work together toward a common political, social or economic goal
Wagner Act
national labor relations act of 1935
legalized union practices such as collecting bargaining and the closed shop and out-lawed certain antiunion practices such as blacklisting
public works programs
gov funded projects to build public facilities: central to FDR's new deal job programs
Hawley-Smoot Tariff
import tax levied in 1930, highest in US history, produced opposite of intended effect when international trade slowed
buying on margin
practice of buying stocks by paying 5 to 10 percent of the full price and borrowing the rest
welfare capitalism
industrial policy of meeting workers needs with increased pay and benefits for the purpose of preventing labor union organization
eleanor roosevelt
first lady 1933-1945; tireless worker for social causes, including women's rights and civil rights for blacks and other groups
GNP
gross national product: total anual value of goods and services a country produces
1929- $104 billion
1933- $59 billion
speculation
undertaking risk on stocks or realestate for the chance of profit
father divine
african american minister; his harlem soup kitchens fed the hungry during the great depression
social security act
legislation of 1935 that established a social welfare system founded by employee and worker contributions: inlcuded old-age pensions, survivors benefits for victims of industrial accidents, and unemployment insurance
john maynard keynes
british economist who believed that gov spending could help a faltering economy; his theories helped shaped the new deal legislation