A | B |
buying on margin | the process of purchasing stock with credit, hoping to sell at hight enough price to pay the loan and make a profit |
Black Tuesday | October 29, 1929, one of the largest U.S. stock market drops |
business cycle | the rhythym in which an economy expands and contracts its production |
Great Depression | a severe economic crisis that lasted for the entire decade of the 1930s |
Bonus Army | a group of World War I veterans that demanded their bonus payments early |
Franklin D. Roosevelt | The 32nd president of the United States, he led the country through the Great Depression and World War II. He served four terms, more than any other president. |
New Deal | Franklin Roosevelt's legislative plan to end the Great Depression that included dramatic reforms of government agencies and powers |
fireside chats | radio programs in which Franklin Roosevelt explained his plan for recovery form the Great Depression |
Tennessee Valley Authority | a governmental agency designed to bring jobs and electricity to rural areas of the Tennessee River valley |
Frances Perkins | Secretary of Labor under Franklin Roosevelt, she helped draft New Deal legislation and was the first female Cabinet member. |
Eleanor Roosevelt | Author, diplomat, humanitarian, and First Lady of Franklin D. Roosevelt, she supported much New Deal legislation aimed at young people and minorities. |
Social Security Act | a law that instituted the pension plan Social Security |
Congress of Industrial Organizations | a union that organized workers according to industry, not by skill |
sit-down strike | a strike in which workers stay at their work stations so that strikebreakers cannot replace them |
Dust Bowl | an area of the United States that suffered a severe drought during the 1930s |
Mary McLeod Bethune | An African American educator and leader who rose to national prominence during the presidency of Franklin Roosevelt, who appointed her director of the National Youth Administration's Division of Negro Affairs |
John Steinbeck | Writer who captured the desperation of Americans struggling through the Great Depression, especially those affected by the Dust Bowl. |
Woody Guthrie | Folksinger who expressed the desperation felt by millions of Americans during the Great Depression, especially those rural residents hit by the Dust Bowl. |