chapter 25 vocabulary. stock exchange an organized system for buying and selling shares in...
TRANSCRIPT
Chapter 25 Vocabulary
Stock exchange An organized system for buying and selling
shares in corporations
On margin Paying only a
fraction of the stock price and borrowing the rest from the stock broker
Brokers then borrowed money from the banks.
Default Fail to meet loan payments
Relief Aid for the needy
Public works Projects such as
highways, parks, and libraries
Hundred Days A special session of Congress that
Roosevelt called to launch his programs
New Deal The new laws
Congress passed during the Hundred Days – and in the months and years that followed.
Work relief Giving needy people government jobs
Subsidies Grants of money
Dust Bowl Western Kansas
and Oklahoma, northern Texas, and eastern Colorado and New Mexico – the region hardest hit by the severe drought in the Great Plains region of the U.S.
Migrant workers Workers who
move from place to place to harvest fruits and vegetables.
Pension Monthly payments for older people who
retire from their jobs leaving them open for younger workers.
Second New Deal A new set of programs and reforms
launched in 1935 by Roosevelt.
Social Security Act Created a tax on
workers and employers. That money provided monthly pensions for retired people
Unemployment insurance Payments to people who lost their jobs