A | B |
buying on margin | the process of purchasing stock with credit, hoping to sell at a high 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 crises 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 | as a Governor of New York during the first years of the Depression had taken active steps to provide aid |
New Deal | Franklin Roosevelt's legislative plan to end the Great Depression that includded dramatic reforms of government agencies and powers |
fireside chats | radio programs in which Franklin Roosevelt explained his plan for recovery from the Great Depression |
Tennessee Valley Authority | (TVA) a governmental agency designed to bring jobs and electricity to rural areas of the Tennessee River Valley |
Frances Perkins | Secretary of Labor,the nation's first woman cabinet member |
Eleanor Roosevelt | First Lady was an active suporter of New Deal programs |
Social Security Act | (1935) a law that instituted the pension plan Social Security |
Congress of Industrial Organizations | (CIO) 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 | was one of the several African American who Roosevelt appointed to his administration |
John Steinbeck | Author was deeply affected by the Great Depression,his novel The Grapes of Wrath,very famous |
Woody Guthrie | Oklahoma-born folk singer crisscrossed the country singing his songs |