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Test over Notes- Date  March 27
Vocab Test Only- Date  March 27   The notes shown below will be on the test


1.      Stock Exchange- A place where shares in corporations are bought and sold through an organized system

2.      Default- To fail to meet an obligation, especially a financial one

3.      Relief- Aid for the needy; welfare

4.      Public Works- Projects such as highways, parks, and libraries built with public funds for public use

5.      Work Relief- Programs that gave needy people government jobs

6.      Promote- To Help Advance

7.      Generate- To Create

8.      Migrant Worker- A person who moves from place to place to find work harvesting fruits and vegetables

9.      Fascist- A person with extremely nationalistic views- Only does what he feels will benefit his nation

10. Migrate- To Relocate to another place

11. Advocate-  To support something

12. Pension- A sum paid regularly to a person, usually after retirement

13. Unemployment Insurance- Payments by the government for a limited period of time to people who have lost their jobs


·         causes

§  People over-speculated stocks, using borrowed money that they could not repay when stock prices crashed.

§  The Federal Reserve failed to prevent the collapse of the banking system.

§  High tariffs strangled international trade.

·         The Federal Reserve is the central banking system of the U.S.

·         After the stock market crash, the nation slid into a severe economic crisis called the Great Depression.

·         People who had lost their homes had to build shelters out of boxes or other debris, called a shanty.

·         Shanties, when grouped together, were called “Hoovervilles”, because of President Hoover’s failure to act.



·         The New Deal was Franklin Roosevelt’s plan to use government programs to help the nation recover from the depression.

·         The New Deal, was Franklin Roosevelt’s plan to use government programs to help the nation recover from the Depression.

o            Roosevelt took advice from a group called the Brain Trust.

·         The Brain Trust was a group of progressive lawyers, economists, and social workers who advised FDR as he guided the nation out of the Great Depression.

·         President Roosevelt gave fireside chats, which were broadcast over the radio.

·         The chats helped FDR gain public confidence and he could reach many Americans with the radio broadcast.


·         FDR’s First 100 Days


·         Congress created the FDIC, which was the Federal Deposit Insurance Corporation.

·         This guaranteed money placed in a bank insured by the FDIC would not be lost if the bank failed.



·         Impact of the Great Depression on Americans

o   A large number of banks and businesses failed

o   ¼ of workers were without jobs

o   Large number of people were homeless and hungry

o   Farmers’ incomes fell to low levels

·         During this time period, the Great Plains suffered a great environmental disaster, a severe drought.

o   The drought was so bad that the area effected became known as the Dust Bowl.





·         Important People

o   Dorothea Lange – Photographer


·         Social Security Act placed a tax on workers and employers.

·         Unemployment Insurance – was a tax on employers that paid employees when they lost their jobs.