The Great Depression Vocab

Federal Reserve

• FDR's plan of relief, recovery, and reform to relieve the suffering, get us out of the depression, and prevent future depressions
• actions, laws or procedures to prevent future depressions
• Oct 29, 1929—the nick name for the day the stock market crashed
• the national banking system that controls the flow of money into the economy by raising and lowing interest rates

Banking system

• aid in the form of goods or money to help the needy
• Oct 29, 1929—the nick name for the day the stock market crashed
• the percentage of working age people who are unemployed
• a network of banks that lend money to help businesses get started

Black Tuesday

• Oct 29, 1929—the nick name for the day the stock market crashed
• buying something without cash, by agreeing to pay the debt in the future (on the installment plan) with interest
• a network of banks that lend money to help businesses get started
• a period of economic hard times that lasted from 1929 to 1941

Credit

• the national banking system that controls the flow of money into the economy by raising and lowing interest rates
• the total production, distribution, and consumption of wealth--goods, and services of a nation
• buying something without cash, by agreeing to pay the debt in the future (on the installment plan) with interest
• Oct 29, 1929—the nick name for the day the stock market crashed

Dust Bowl

• a mass movement of people from one place to another
• actions, laws or procedures to prevent future depressions
• what the Great Plains & much of the Midwest was called when it suffered from severe drought and dust storms in the 1930's
• when factories make more than people will buy or when supply exceeds demand

Franklin Delano Roosevelt (FDR)

• FDR's plan of relief, recovery, and reform to relieve the suffering, get us out of the depression, and prevent future depressions
• to buy or sell stocks or land, hoping to gain huge profits quickly
• the president whose New Deal program sought to bring about relief, recovery, and reform
• a period of economic hard times that lasted from 1929 to 1941

Great Depression

• food, supplies, or goods in excess of what is needed; extra
• the national banking system that controls the flow of money into the economy by raising and lowing interest rates
• a period of economic hard times that lasted from 1929 to 1941
• FDR's plan of relief, recovery, and reform to relieve the suffering, get us out of the depression, and prevent future depressions

Migration

• actions, laws or procedures to prevent future depressions
• the percentage of working age people who are unemployed
• a mass movement of people from one place to another
• the total production, distribution, and consumption of wealth--goods, and services of a nation

Speculation

• a process in which a union representative or a group of workers negotiates with management for a contract
• a network of banks that lend money to help businesses get started
• food, supplies, or goods in excess of what is needed; extra
• to buy or sell stocks or land, hoping to gain huge profits quickly

Stocks

• buying something without cash, by agreeing to pay the debt in the future (on the installment plan) with interest
• when factories make more than people will buy or when supply exceeds demand
• shares of ownership in a corporation
• the president whose New Deal program sought to bring about relief, recovery, and reform