Unit 8: Great Depression Vocabulary Before, you learned
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Unit 8: Great Depression Vocabulary
: The Roaring Twenties was a time of great prosperity for many Americans.
Before, you learned
: When the prosperity of the 1920’s collapsed, President Herbert Hoover struggled to address the country’s economic problems.
Now you will learn ______________________________________________________________________________
: Republican president who failed to stop the Great Depression.
: plunge in stock market prices that marked the beginning of the Great Depression.
Stock Market Crash of 1929
: arrangement for delaying payment of a loan or purchase.
: severe economic slump.
: buying and selling risky items in the hope of making a quick profit.
: The serious and world-wide economic decline of the 1930’s.
: government-funded Public Works projects to assist individuals, families, and communities in need.
: homeless people. Built shacks.
: World War I veterans who came to Washington seeking early payment of bonuses for wartime service.
: Four time elected Democratic president who created the New Deal to fix the effects of the Great Depression and give people jobs.
Franklin Delano Roosevelt
: group of advisors to FDR that thought of New Deal programs.
: program created by President Roosevelt to fight the depression.
: series of radio talks in which FDR explained his policies in a casual style.
: First 100 days of FDR’s presidency. Many New Deal programs were passed.
: Law creating fund for assisting retired workers and the unemployed.
Social Security Act
: economic system in which members of a society own businesses equally.
: region including parts of Kansas, Dust Bowl Oklahoma, Texas, Colorado, and New Mexico in which farms were damaged by dust storms.
: FDR closed all banks and only reopened good banks. Gave people trust in banks again.
Congress of Industrial Organizations (CIO) : labor union; included skilled and unskilled workers; open to women and minorities.
: American Federation of Labor (AFL) Largest labor union; more selective than CIO.
Jobs for young men to plant trees and build parks.
Civilian Conservation Corps (CCC):
: paid farmers not to grow crops so that prices go up.
Agricultural Adjustment Act (AAA)
: regulated the stock market to prevent buying on margin.
Securities and Exchange Commission
: insured savings accounts in banks approved by the government.
Federal Deposit Insurance Corporation
: built dams to provide electricity to 7 southern states.
Tennessee Valley Authority
: gave relief (money) to unemployed and needy.
Federal Emergency Relief Administration
: FDR wanted to add 6 justices to the Supreme Court (9) so they could support the New Deal. This was not approved by Congress because it went against checks and balances.
Court Packing Scheme
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