chapter 25 vocabulary. stock exchange an organized system for buying and selling shares in...
TRANSCRIPT
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Chapter 25 Vocabulary
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Stock exchange An organized system for buying and selling
shares in corporations
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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.
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Default Fail to meet loan payments
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Relief Aid for the needy
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Public works Projects such as
highways, parks, and libraries
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Hundred Days A special session of Congress that
Roosevelt called to launch his programs
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New Deal The new laws
Congress passed during the Hundred Days – and in the months and years that followed.
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Work relief Giving needy people government jobs
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Subsidies Grants of money
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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.
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Migrant workers Workers who
move from place to place to harvest fruits and vegetables.
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Pension Monthly payments for older people who
retire from their jobs leaving them open for younger workers.
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Second New Deal A new set of programs and reforms
launched in 1935 by Roosevelt.
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Social Security Act Created a tax on
workers and employers. That money provided monthly pensions for retired people
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Unemployment insurance Payments to people who lost their jobs