Agricultural Adjustment Act (AAA) - limited production of crops and livestock to prevent surpluses and help farmers.
Bank holiday - prevents bank runs and renews public confidence in banks.
Black Tuesday - on October 29, 1929 the stock market crashed.
Bonus Expeditionary Force - veterans and their families demanding a bonus from Congress.
Bull market - rising stock prices.
Buying on margin - paying only part of the price.
Civilian Conservation Corps (CCC) - provided young men with work on public projects.
Dust Bowl - strong winds and dry soil created choking clouds of dust, making farming impossible.
Economic boom - period of general prosperity.
Federal Deposit Insurance Corporation (FDIC) - protects bank deposits.
Great Depression - the greatest economic crisis in our nation’s history.
Gross National Product (GNP) - the total amount of goods and services produced by all Americans in a single year.
Impact of climate and natural disasters - on the Great Plains, a series of droughts combined with unsuitable plowing techniques led to the disaster called the “Dust Bowl”.
National Labor Relations Act (Wagner Act) - gave workers the right to unionize.
National Recovery Act (NRA) - established the National Recovery Administration.
National Recovery Administration (NRA) - encouraged businesses to establish codes that set prices, wages, and working hours.
Recovery - help the economy recover.
Reform - introduce reforms to prevent future depressions.
Relief - Franklin D. Roosevelt wanted to provide immediate relief to the unemployed.
Roaring Twenties - were a prosperous period in which the economic boom of the Twenties changed consumers, businesses, manufacturing, and marketing practices.
Sit-Down Strike - refusal to work.
Smoot-Hawley Tariff - highest U.S tariff of all that went into effect in 1930 just after the stock market crash.
Social Security - an act that was the single most important law passed by the New Deal.
Speculation boom - rapid growth from investments.
Tennessee Valley Authority (TVA) - built dams to control floods and to provide electricity to one of the South’s poorest areas.
Works Progress Administration (WPA) - created new public works projects to increase employment and stimulate the arts.