Buying on Margin - borrowing money to purchase stock, Speculation - assuming market prices will continue to rise, “Black Tuesday” - October 29, 1929 - Stock prices collapse, Dust bowl - drought-stricken Southern Plains region of the United States, which suffered severe dust storms during a dry period in the 1930s, Hoovervilles - shanty town built during the Great Depression by the homeless in the United States, Bonus Expeditionary Army - demanding immediate bonus payment for wartime services to alleviate the economic hardship of the Great Depression., New Deal - a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939., Relief - short term goals designed to help people until the economy responded, Recovery - The idea was to stimulate the economy by increasing demand for goods by putting money in the hands of consumers., Reform - This was aimed at “fixing” the structure of the American economy to ensure that a severe Depression would not happen again., FDIC - A reform that insures bank deposits, SEC - a reform that was created to regulate Stock Market, AAA - A recovery program its goal was to raise agricultural prices, Court packing scheme - FDR tried to add supreme court justices to the Supreme court so they would favor his New Deal programs,
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