PRESENTATION OUTLINE
Black Tuesday (October 29,1929): when stock prices fell sharply in the Great Cash.
Public Works: a broad category of infrastructure project financed and constructed by the government, for recreational, employment and health uses.
Bonus Army: American soldiers and families gathered in Washington, D.C to demand cash payment redemption of their service.
Fireside chats: informal radio broadcast in which FDR explains issues nd New Deal programs to average Americans.
Dust Bowl: term used for the central nd southern Great Plains during the 930's when the region suffered from drought and storms.
Hawley-Smoot Tariff: protective import tax authorized by Congress in 1930.
Hoovervilles: a shantytown built by unemployed and destitute people during the Great Depression.
Okies: term to describe Dust Bowl refugees.
Trickle down economics: term to describe the belief that if high income earners gain an increase in salary, then everyone will benefit and so society.
Relief, Recovery, Reform (FDR): programs established by FDR to address the problem of mass unemployment and the economic crisis after Great Depression.
Wagner Act: an act to diminish the causes of labor disputes burdening or obstructing interstate ad foreign commerce.
Federal Reserve: an act to provide for the establishments of Federal reserve banks.
New Deal: a group of government programs and policies established under FDR, to improve conditions after Great Depression.
Tariff: a tax to be paid on a particular class of imports/exports.
Over speculation: engagement in business transitions involving considerable risk but offering the CHANCE of large gains.
CCC (Civilian Conservation Corps): public work relief program, intended to promote environmental conservation and to build good citizens (young men) in the process.
WPA (Works Progress Administration): largest New Deal agency, employed millions of unskilled men, to carry out public works projects.
TVA (Tennessee Valley Authority): federal agency, controls the electricity, irrigation nd flood control from the dams nd reservoirs.
FDIC (Federal Deposit Insurance): government corporation to provide deposit insurance to depositors in U.S banks.
SEC (Security and Exchange Commission): federal regulatory agency, promote full disclosure, and to protect investors against fraudulent practices in security markets.
AAA (Agricultural Adjustment Act): federal law, which reduced agricultural production by paying farmers subsidies, reduce crop surplus to raise value of crops.
PWA (Public Works Administration): a large-scale public work construction agencies, to provide employment, stabilize purchasing power, and help the economy.
SSA (Social Security Act): independent agency, consists of retirement, disability, and survivors benefits.
