Vocabulary
Partial ownership of a company
What is stock?
Believed the government should take an active role in ensuring the economic well-being of the average citizen and brought relief, recovery, and reform through his many New Deal programs
What was Franklin D. Roosevelt (FDR)
A series of domestic programs with the purpose of addressing the Great Depression
What is the New Deal?
Continuing drop in stock prices
What is Bear Market?
A place where homeless people can be served food, gaining popularity during the Great Depression
What is Soup Kitchen?
Predicts that if the supply of goods or services outstrips demands, prices will fall. If demand exceeds supply, prices will rise
What is the law of supply and demand?
President of the U.S. during the Stock Market Crash. Was blamed for the Great Depression.
What is Herbert Hoover?
Immediate economic help to the poor and unemployed
What is relief?
A mass movement where people run to take their money out of the bank, causing bank failures.
What is a bank run?
The creator of the New Deal
What was Franklin D. Roosevelt?
Continued rise in stock prices
What is a bull market?
What was Eleanor Roosevelt?
Restoring the economy back to what it was before
What is recovery?
Thursday, Oct 24, 1929, when prices on the New York Stock Exchange started to lose a lot of their value
What is Black Thursday?
The name for shanty towns created during the great depression
What is a Hooverville?
Someone who buys and sells securities on a stock exchange on behalf of clients
What is a stockbroker?
Wrote It Can't Happen Here that warned citizens about the rise of fascism in the United States
What was Sinclair Lewis?
Implementing new regulations to avoid future economic problems
What is reform?
Tuesday, October 29, 1929, The New York Stock Market crashed
What is Black Tuesday?
Veterans wanting to collect their WWI money early during the Great Depression
What is the Bonus Army?
A portion of a company's profit paid to shareholders
What is a dividend?
Opposed the New Deal and attacked Roosevelt as well as alleged Jewish conspirators. He also encouraged the presidential candidacy of Louisiana Governor Huey Long in the 1936 election
What was Father Charles Coughlin?
An unsuccessful tariff that raised taxes on imported goods implemented by Herbert Hoover
What is the Smoot-Hawley tariff act?
Period of economic downturn
What is a depression?
What was the Great Depression?
Usually non-profit organizations that help those in need
What is a Charity?