A | B |
FDIC | Organization created by Congress during the Hundred Days/New Deal to protect bank accounts by insuring deposits |
Speculation | The investing of money in a high-risk venture in hopes of making a profit |
Hawley-Smoot Tariff | Legislation that raised US duties or taxes on imports to all-time highs; caused foreign governments to raise their own trade restrictions and strangled trade |
Fair Labor Standards Act | Legislation that established a minimum hourly wage and a maximum workweek of 40 hours |
Black Tuesday | October 29, 1929; the day the stock market collapsed leading to the Panic of 1929 |
New Deal | President Franklin D. Roosevelt’s programs for helping the US economy during the Great Depression |
Great Depression | Serious, global economic decline that began with the US stock market crash in 1929 |
Hoovervilles | Camps built outside of major cities during the Great Depression by homeless people who blamed President Herbert Hoover for their situation |
Relief | Food, clothing, money, and shelter provided to people in need |
Franklin D Roosevelt | Became President in 1932 in a landslide election against Herbert Hoover |
Eleanor Roosevelt | Franklin D. Roosevelt’s wife; she was an important First Lady who played a key role in her husband’s administration |
Tennessee Valley Authority | New Deal program that built dams to provide hydroelectric power and flood control to the Tennessee River valley |
Federal Reserve Act | Act that created a national banking system to help regulate the economy that failed to prevent the collapse of the banking system during the Great Depression |
Social Security Act | Legislation that created Social Security, which provides retirement pensions and unemployment insurance to US workers, as well as to aid older Americans and people with disabilities |
Works Progress Administration | New Deal agency created to put American men and women to work constructing and repairing bridges, roads, buildings, and parks |
Dust Bowl | Name given to parts of the Great Plains in the 1930s after a severe drought dried out the region |
Farm Security Administration | Federal agency created in the 1930s to issue long-term farm loans at low interest rates |