A | B |
on margin | Buying stock by paying only a portion of the full cost up-front with promises to pay the rest later |
Black Tuesday | October 29,1929, the day stock market crashed |
Great Depression | Period of bad economic times in the US that lasted from 1929 to 1941 |
Dust Bowl | Area of the Great Plains made worthless for farming by drought and dust storms in the 1930's |
Herbert Hoover | President at beginning of Great Depression; wanted no government involvement in fixing Depression |
Hoovervilles | shantytowns named after president |
credit | promise to pay something later |
Alphabet Soup | nickname given to Franklin Roosevelt's New Deal programs |
Tennnessee Valley Authority | FDR's new deal program to bring electricity to the rural south |
(FDIC) Federal Deposit Insurance Corporation | New Deal Program that ensured and secured people's bank deposits |
Agricultural Adjustment Act | New Deal Program that paid farmers not to grow crops and to grow different crops |
(NIRA) National Industrial Recovery Act | New Deal program that protected the rights of workers and allowed them to form unions |
(PWA) Public Works Administration | New Deal program that employed people with government jobs (artists, musicians, laborers) |
Franklin Roosevelt | The US president whose New Deal bought America out of the Great Depression |
World War II | The real event and reason that America came out of the Great Depression |