| A | B |
|---|
| Buying on Margin | paying small %fee of stock's price as down payment, borrowing for the rest (great if stock price rises, bad if it drops!) |
| Stock Market Crash | AKA "Black Tuesday" - Stock prices fall dramatically, people lose huge amt. of $ |
| Hawley-Smoot Tariff | 1930 protective tariff - reduced flow of goods to US, prevented foreign buying of US products, made unemployment worse |
| Herbert Hoover | Cautious Rep. President 1929-1933, believed in "rugged individualism" - people's success based on own effort |
| Hoovervilles | shantytowns (towns made of shacks) inhabited by poor, unemployed |
| RFC | Reconstruction Finance Corporation: provided emergency financing to banks, insur. co,.rr, large businesses - to fuel business expansion |
| Bonus Army | WW I veterans & family members march on Washington D.C. demanding bonus $ for serving; forced to leave w/violence |
| Election of 1932 | Democrat FDR wins overwhelmingly |
| FDR | Frankin Delano Roosevelt, President (was gov. of NYS) Famous for New Deal reforms |
| New Deal | New policies of FDR: focus on recovery, relief, reform |
| the 3 R's | Relief for the needy, economic Recovery, Financial Reform |
| AAA | Agricultural Adjustment Act: sought to raise prices by lowering production - paid farmers to leave some fields fallow |
| NIRA | National Industrial Recovery Act (1933):established codes of fair practice for individual industries & for promoting ind. growth |
| CCC | Civilian Conservation Corps:provided jobs for single males on conservation projects |
| Court Packing Scheme | FDR proposal that would allow him to appoint 6 new Supreme Court judges (hoping for support of New Deal) |
| Huey Long | Senator who challenged FDR's policies - not enough being done for the poor "Every Man a King" |
| Charles Coughlin | Priest, spoke on radio, critical of FDR, wanted guaranteed ann. income & nationalized bank system |
| Francis Townsend | Doctor, critical of FDR - not doing enough for poor/elderly |
| Second New Deal | Second burst of activity by FDR - called for more extensive relief for farmers/workers |
| WPA | Workers Progress Administration: created jobs |
| NYA | National Youth Administration: provided job training for unemployed youth/part-time jobs for students |
| Wagner Act | AKA National Labor Relations Act: reestablished NIRA provisions - collective bargaining, rights of workers |
| Social Security | Provided a pension for retired workers & spouses, aid for people w/disabilities |
| REA | Rural Eletrification Administration: provided cheap electricity to rural areas |
| Holding Act | outlawed pyramiding of holding companies |
| New Deal Coalition | alignment of diverse groups dedicated to supporting the Democratic Party; dominated politics in 1930's, 40's |
| Deficit Spending | spending more money than the govt. receives in revenue (taxes) |
| FDIC | Federal Deposit Insurance Corporation: protected bank deposits up to $5,000 |
| SEC | Securities & Exchange Commission:supervised country's Stock Commission Exchanges, eliminated dishonest practices |
