A | B |
durable goods | goods meant to last |
The Stock Market Crash | Tuesday, October 29, 1929. This event marked the beginning of the Great Depression. |
bank failures | When customers deposited money, banks invested it into the stock market. When the stock values fell, banks lost money. |
Unemployment | The failure of banks and businesses caused people to lose their jobs. |
Election of 1932 | Hoover vs. FDR. FDR won. |
Hoovervilles | A nickname for shantytowns made of cardboard, wood boxes, and old cars used by the homeless. |
Pension | retirement income |
The First New Deal | Promise of FDR. Stopped the run on banks, started FDIC, passed the AAA, developed the FCA, passed the National Industrial Recovery Act, and formed theCCC in the first "one hundred days".He also introduced the TVA. |
AAA | The Agricultural Adjustment Act encouraged farmers to grow less by paying them to farm fewer acres.. |
NRA | The National Recovery Adminstration's goal was to help businesspeople earn reasonable profits while workers earned decent wages. |
CCC | The Civilian Conservation Corps employed thousands of young men between the ages of 18 and 25 to improve public lands. |
The Second New Deal | Focused on creating jobs with things such as the WPA, the Wagner Act, and Social Security. |
The Wagner Act | The National Labor Relations Act was passed in July 1935 outlawed unfair practices. This forced employers to work with unions. |
Dust Bowl | Windstorms carried dried, dead earth into the sky covering cities with dust. |
Sit down strikes | Workers sat down and their posts and refused to move until General Motors accepted their union. |