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The Great Depression

Terms Relating to the Great Depression

AB
MigrantsPeople who move from place to place
Bonus ArmyWWI Vets. demanding benfits promised
Depressionseverest economic times
ConsumersBuyers/users of goods and services
ProsperityEconomic good times
New DealFDR's administration
PovertyLiving below the cost of living
SurplusExtras beyond consumption
Run on a bankAll depositors demanding payment
Deficit SpendingSpending more $ than taken in
CommodityAnother name for a product
Fireside ChatsFDR's radio broadcasts
Black TuesdayDay the stock market crashed
Bank HolidayBanks closed to determine status
MoratoriumSuspension of debts
OverproductionSurplus
RecoveryEconomy is starting to revive itself
UnderconsumptionNot buying all marketable products
HoovervillesShacks built by homeless/poor
Brain TrustCollege professors who tried to help FDR
Hundred DaysMost New Deal legislation passed
Relief, Recovery, ReformPlan for ending the depression
ReliefTo give comfort from a bad situatiion
RecessionA milder form of depression
Public Works ProgramsFederal attempt to end unemployment
FDICInsures bank deposits
Social SecurityOld age pensions & other benefits
IndicatorPredictor of things to come
UnemploymentNumber/Per cent out of work
Bread LinesPoor people received a meager meal


Mr. Patane

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