Vocabulary

Dust bowl - Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages.

New Deal - Government Programs created to help with economy relief, recovery and reform. 

relief - help victims of the Great Depression

recovery - make plans to help with the Great Depression

reform - make changes so the Great Depression never happens again.

Great Depression - started after the crash of the stock market. The period started in the 1929 - 1940. unemployment skyrocketed and many people lost there jobs and homes.

Legislative - branch of government, makes law & passes bills - Congress & Senate

Executive - branch of government, President & Cabinet

Judicial - branch of government, the courts, Supreme Court

court packing - wanted to add seats to supreme court

monetary policy -  government uses this policy to protect the purchasing power of the dollar. 

fiat money - paper currency, not on the gold standard

tariffs - A tax on imported goods to protect American businesses. This protects the American businesses because the seller will pass the tax on to consumers which results in higher prices on imported goods.

stock market - place to buy and sell shares of public shared companies (corporations) such as Apple, etc

depression - economic decline, high unemployment

speculation - investing in the stock market, ignoring the risks

Federal Reserve System - controlled the banks and their ability to loan money and reduced the supply of money.

unemployment - loss of job/employment

deportation - removed back to country of origin

Federal Deposit Insurance Corporation -  oversee and protect bank deposits. 

Securities and Exchange Commission - oversees the day to day operations in the stock market and prevent fraud.

Social Security Administration - This program was part of the New Deal creating a pension for the retired, disabled and survivors of spouses/their children.

rural - country/farm areas