Great Depression/New Deal Vocab

Question 1

Black Tuesday

Answer 1

(10/29/29) Worst day of plunging stock market crash that helped initiate the Great Depression

Question 2

Stock Market Crash

Answer 2

A period of plunging stock market prices that helped initiate the Great Depression

Question 3

Buying on Margin

Answer 3

Buying stock by paying a % of a stock’s price and borrowing the rest of the money from broker, allowing one to make greater profits if the stick does well

Question 4

Bull Market

Answer 4

A period in which stock prices are steadily rising

Question 5

Bank Runs

Answer 5

A financial crisis in which a large # of customers simultaneously attempt to withdraw their money from a bank out of fear that the bank will close

Question 6

Overproduction

Answer 6

More goods are being produced than people can afford to buy

Question 7

Underconsumption

Answer 7

People are purchasing fewer goods than the economy is producing

Question 8

Hawley-Smoot Tariff Act

Answer 8

A law to raise tariffs on imported goods in order to protect US business and farmers

Question 9

Bonus Army

Answer 9

WWI vets who went to DC to request early payment of retirement bonus to help them through the hard economic times

Question 10

Public Works

Answer 10

Gov’t funded construction projects

Question 11

Social Welfare

Answer 11

Gov’t or private social services intended to aid disadvantaged groups

Question 12

Hoovervilles

Answer 12

Shantytown of makeshift dwellings

Question 13

RFC

Answer 13

(Reconstruction Finance Corporation) - Provide loans to banks, railroads, big businesses, farmers and public works projects

Question 14

New Deal

Answer 14

FDR domestic program - Bring about immediate economic relief

Question 15

First Hundred Days

Answer 15

First 3 months FDR - Congress passed bills in order to implement new Deal and provide relief, recovery and reform

Question 16

Black Blizzard

Answer 16

Severe dust storm

Question 17

Breadline

Answer 17

A line of needy people waiting for food, usually during economic crisis

Question 18

Dust Bowl

Answer 18

Area in Great Plains that suffered severely from wind erosion

Question 19

Great Flood of 1936

Answer 19

Flooding in New England that resulted from record-breaking storms that hit region daily (Mar.9 - Mar.22, 1936)

Question 20

Okies

Answer 20

Nickname for person who migrated from Dust Bowl to California during GD

Question 21

Soup Kitchen

Answer 21

Place that serves free meals to needy

Question 22

The Grapes of Wrath

Answer 22

A novel, written by John Steinbeck (1939), described Dust Bowl experience of migrants

Question 23

Foreclosure

Answer 23

Legal process when a lender takes over a property it has helped a borrower buy, usually bc buyer failed to make payments

Question 24

Living Wage

Answer 24

Wage high enough to provide an acceptable standard of living

Question 25

Eviction

Answer 25

Legal process when a landlord removed a tenant from their property, usually bc tenant failed to pay rent

Question 26

Malnutrition

Answer 26

Physical Condition that results from someone not eating an adequately healthful diet

Question 27

Desertification

Answer 27

A process when land becomes increasingly dry and desert like

Question 28

Public Assistance

Answer 28

Aid in the form of money, goods or services that government provides for those in need

Question 29

Agricultural Adjustment Administration (AAA)

Answer 29

Part of 'New Deal', to help reduce farmers' crop production and restore the prices of their goods to a reasonable level

Question 30

Civilian Conservation Corps (CCC)

Answer 30

Work relief program, To provide work for unemployed Americans

Question 31

Works Progress Administration (WPA)

Answer 31

Work-relief organization, To provide work for unemployed Americans

Question 32

Wagner Act

Answer 32

National Labor Relations Act, To provide workers' right to organize into unions

Question 33

Social Security Act

Answer 33

To establish federal programs to offer old-age assistance and benefits, unemployment compensation and aid to needy mothers, children and blind

Question 34

Deficit Spending

Answer 34

Gov't practice of spending more money than it receives in revenue, borrowing