Terms
An established system for buying and selling shares of companies
Stock Market
Years of the Great Depression
1929 - 1939
Inauguration of FDR
March 4, 1933
The government spending borrowed money instead of raising taxes
Deficit Spending
Securities Act -Year and what it is
1933 - required corporations to give complete a truthful information to investors
Money that went directly to impoverished families
Relief
Dust Bowl
Started 1932
Radio talks to support the people and give them hope.
Fireside Chats
A method of striking where workers sit down in their buildings
Sit-down Strike
The government would pay farmers not to raise certain livestock or grow certain crops
Agricultural Adjustment Act
Many were buying on ________ - paying only a small cash payment for stock
Margin
New Deal Coalition helped FDR win this election year
1936
Governor of
New York
Role of the government to work out conflicts among competing interest groups
Broker State
Separated commercial banking from investment banking - commercial banks could no longer risk depositors money on the stock market
Glass-Steagall Act
Hoovervilles
Shantytowns
Year of the Securities Act
1933
Who were members of the New Deal Coalition
African Americans, farmers, laborers, minorities, new immigrants, women, intellectuals, and progressives began to support Democrats because of the New Deal
Offered unemployed men (18-25 years) the opportunity to work planting trees, fighting forest fires, and building reservoirs
Civilian Conservation Corps (CCC)
Unemployment insurance
Money comes from payroll taxes
Social Securities Act
Taking risks, betting that the market will continue to climb, instead of doing research
Speculation
1929-1932
Served as Secretary of Navy Under _____
Wilson
A long period of rising prices - in the late 20s a long this convinces Americans to invest
Bull Market
guaranteed workers the right to organize unions
Committee for Industrial Organization (CIO) - organized industrial unions - began by focusing on steel and automobile industries
National Labor Relations Act