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demagogue
a political leader who seeks support by appealing to popular desires and prejudices rather than by using rational argument. -
Farmers - Dept
farmers struggled with low prices all through the 1920's, but after 1929 the city people begain to stuggle as well because people couldnt find a job. -
Great Depression
The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, originating in the United States. -
Black Tuesday
On this date, share prices on the New York Stock Exchange completely collapsed, becoming a pivotal factor in the emergence of the Great Depression. -
Buying on the margain
the purchase of an asset by paying the margin and borrowing the balance from a bank or broker. -
Inflation
a general increase in prices and fall in the purchasing value of money. -
speculation
investment in stocks, property, or other ventures in the hope of gain but with the risk of loss. -
bank holiday
a day on which banks are officially closed, observed as a public holiday. -
direct relief
a nonprofit, nonpartisan organization with a stated mission to “improve the health and lives of people affected by poverty or emergency situations by mobilizing and providing essential medical resources needed for their care. -
forclosure
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. -
parity
the state or condition of being equal, especially regarding status or pay. -
shanty towns
A shanty town or squatter area is a settlement of improvised housing which is known as shanties or shacks, made of plywood, corrugated metal, sheets of plastic, and cardboard boxes -
Deficit spending
government spending, in excess of revenue, of funds raised by borrowing rather than from taxation. -
New deal
The New Deal was a series of federal programs, public work projects, financial reforms and regulations enacted in the United States during the 1930s in response to the Great Depression. -
trickle down theory
argues for income and capital gains tax breaks or other financial benefits to large businesses, investors and entrepreneurs in order to stimulate economic growth. -
Industrial overproduction
the accumulation of unsalable inventories in the hands of businesses. Overproduction is a relative measure, referring to the excess of production over consumption. The tendency for an overproduction of commodities to lead to economic collapse is specific to the capitalist economy. -
bonus Army
Bonus Army was the name for an assemblage of some 43,000 marchers protesting -
dust bowl
an area of land where vegetation has been lost and soil reduced to dust and eroded, especially as a consequence of drought or unsuitable farming practice. -
fireside chats
Fireside chats is the term used to describe a series of 28 evening radio addresses given by U.S. President Franklin D. Roosevelt between 1933 and 1944 -
Franklin Roosevelt
Franklin Delano Roosevelt, often referred to by his initials FDR, was an American statesman and political leader who served as the 32nd President of the United States from 1933 until his death in 1945.
