Vocab
name given to the new laws aimed at relieving the Great Depression
the governments bank (bank of all banks)
Federal Reserve
group that did back money placed in banks, causing banks to fail
Federal Reserve
1/4
People without jobs
set minimum wage, 40 hour work week, workers' rights
Labor rights
placing higher value on something than it really is
overspeculation
money that a bank or business will allow a person to use and then pay back in the future
credit
People believing something was worth more than it was and borrowing money to buy stock in it
Overspeculation
closed
Banks and businesses
increased farm prices and paid farmers to produce less
farm assistance
shares (pieces) of ownership a company sells in its business
stock
Money gained received for laboring
income
USA charging more for imported goods
High Tariffs
Farmers/farm assistance
improve national parks and plant trees
enviornmental improvement
the failure to meet an obligation, especially a financial one (like failing to pay for a house or car)
default
a program for providing pension benefits for many Americans aged 65 and older
Social Security Act
Which one does not belong:
High tariffs
Overspeculation
Homelessness
Homelessness
where homeless people lived
Shantytown/Hooverville
programs to build schools, buildings, roads, etc.
Federal Work programs
a period of low economics activity and widespread unemployment
Great Depression
a tax on imported goods
tariff
Choose the one that belongs:
farm assistance
Overspeculation
joblessness
Overspeculation
Choose what does not belong:
banks and businesses open
1/4 of workers without jobs
many homeles and hungry
farmers needing assistance
banks and businesses open
help for people 65 and up plus assistance for those who qualify with other disabilities
Social Security Act