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level: Level 1

Questions and Answers List

level questions: Level 1

Question	Answer
- period of general prosperity of the 1920s and collapse into the Great Depression of the 1930s.	Economic Boom
A stock market in which stock prices were steadily increasing.	bull market
- instead of paying full price of the stock, they paid only 10% and promised to pay them back later.	buy on margin
- refers to the practice of buying real estate ( land or building ) , stocks, or anything else to sell later at a profit.	speculation boom
- in October 1929 the market turned sharply downward, On October 29 the market crashed.	black tuesday
- it raised customs duties on thousands of goods and contributed to a reduction of u.s trade by more than half.	smoothawely tariff
- was a self made millionaire and engineer before america entered world war 1	herbert hoover
A shanty town built during the Great Depression by the homeless in the United States, named after Herbert Hoover	Hooverville
- Economic crisis and period of low business activity in the U.S. and other countries, roughly beginning with the New York stock market crash in October, 1929.	great depression
a bonus army	bonus expeditionary force-
The total value of all the goods and services produced by a nation in a single year( including income from u.s investments abroad, but not income earned by foreigners in the united states). Sig- income from the whole year	gross national product
Farmers on the Great Plains had to contend with an environmental disaster as well as the Depression. Sig- a dust storm on farms	dust bowl
was an American politician who served as the 32nd president of the United States from 1933 until his death in 1945. Sig-32nd president	.Franklin D Roosevelt, often referred to by his initials FDR
series of evening radio addresses given by president Franklin D. Roosevelt where he explained his policies in simple terms. Sig- a way that Roosevelt told his policies	fireside chats
The "New Deal" was a major turning point in amen history. It established the principle that the fe government bears ultimate responsibility for the smooth running of the american economy and for the protection of ordinary Americans against severe economic distress. Sig-big turning point in amen history for americans	new deal
it's basically the New Deal explaining a key role in the economic and social affairs of the nation and restoring confidence in the economy.	relief, recovery, reform
Roosvelt closed all the nation's bank just after his inauguration by declaring a "Bank Holiday". Each bank was permitted to reopen only after the government inspected.	Bank holiday
National Industrial Recovery Act was designed to help industry recover from the depression by increasing prices and reducing wasteful competition and the act created this agency. Sig-increasing the good and getting rid of the bad	national recovery administration
The purpose of the Agricultural Adjustment Act was to promote the recovery of farmers. Sig-gave farmers a way to recover	Agricultural Adjustment Act (AAA)
was a voluntary public work relief it operated in 1933 to 1942. Gave out door job to young men, such as planting trees and draining swamps. They lived in camps supervised by army officers, and received free uniforms and food. Sig-gave young men opportunity to work	Civilian Conservation Corps (CC
- increased employment by creating new public works projects Sig-.paved a way for more job opportunities	Works Progress Administration (WPA)
- created to insure deposits in banks so that people wouldn't have to worry about losing their savings even in the event of bank failure Sig-.created to maintain public confidence and encourage stability.	federal deposit insurance corporation
.- created a safety net for Americans in the event of another "Depression" established unemployment insurance, retirement benefits, and aid to disabled and orphaned.	Social Security
- was a major experiment in public ownership. the TVA built and maintained 21 large dams along the Tennessee river. These dams controlled floods, produced hydroelectrectricity, and manufactured fertilizers. Sig-Controlled the waters so there wouldn't be any floods	Tennessee Valley Authority (TVA)
:Replaced several provisions of the National Industrial Recovery Act, which was declared unconstitutional in 1935 Sig-protect the rights of employees and employers	National Labor Relations Act (Wagner Act)
- workers occupy the factory plant and prevent the owners from using it. Sig-changed the way owners treat their workers	sit-down-strike
plan in which Roosevelt proposed to congress that the president should be allowed to appoint a new justice to the court for each justice who did not retire on reaching age 70. Sig-adding one justice to the court	.Court packing plan :