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Great Depression Vocabulary

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FDICOrganization created by Congress during the Hundred Days/New Deal to protect bank accounts by insuring deposits
SpeculationThe investing of money in a high-risk venture in hopes of making a profit
Hawley-Smoot TariffLegislation 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 ActLegislation that established a minimum hourly wage and a maximum workweek of 40 hours
Black TuesdayOctober 29, 1929; the day the stock market collapsed leading to the Panic of 1929
New DealPresident Franklin D. Roosevelt’s programs for helping the US economy during the Great Depression
Great DepressionSerious, global economic decline that began with the US stock market crash in 1929
HoovervillesCamps built outside of major cities during the Great Depression by homeless people who blamed President Herbert Hoover for their situation
ReliefFood, clothing, money, and shelter provided to people in need
Franklin D RooseveltBecame President in 1932 in a landslide election against Herbert Hoover
Eleanor RooseveltFranklin D. Roosevelt’s wife; she was an important First Lady who played a key role in her husband’s administration
Tennessee Valley AuthorityNew Deal program that built dams to provide hydroelectric power and flood control to the Tennessee River valley
Federal Reserve ActAct 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 ActLegislation 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 AdministrationNew Deal agency created to put American men and women to work constructing and repairing bridges, roads, buildings, and parks
Dust BowlName given to parts of the Great Plains in the 1930s after a severe drought dried out the region
Farm Security AdministrationFederal agency created in the 1930s to issue long-term farm loans at low interest rates


Harry F. Byrd Middle School

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