A History of the United States: Chapter 26: The Depression and the New Deal

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Full list of words from this list:

words only definitions & notes
  1. invest
    lay out money or resources in an enterprise
    Buying stock is a way of investing—using money in hopes of making more money.
  2. stock
    capital raised by a corporation through the issue of shares
    A stock exchange is a system for buying and selling stock—shares of corporations.
  3. stock exchange
    an exchange where security trading is conducted by professional stockbrokers
    A stock exchange is a system for buying and selling stock—shares of corporations.
  4. decline
    a gradual decrease
    The decline in prices continued through the first three weeks of October.
  5. collapse
    a sudden large decline of business or the prices of stocks
    What caused the collapse? The market crash was one factor.
  6. default
    fail to pay up
    Small banks suffered when farmers defaulted, or failed to meet loan payments.
  7. relief
    assistance in time of difficulty
    Charities, churches, and volunteers worked hard to provide relief.
  8. public works
    structures created by government for everyone's use
    Pressed by Congress, he agreed in 1931 to federal spending on public works—projects such as highways, parks, and libraries meant for the public to use.
  9. subsidy
    a grant of financial assistance, especially by a government
    If market prices of key farm products fell below a certain level, the AAA would pay farmers subsidies, or payments, to make up the difference.
  10. promote
    contribute to the progress or growth of
    The TVA aimed to promote the economic well-being of the Tennessee Valley region.
  11. generate
    produce, as energy
    The dams also used the power of flowing water to generate electricity.
  12. bureaucracy
    unnecessary procedures that obstruct action
    True liberalism is found not in striving to spread bureaucracy, but in striving to set bounds to it....
  13. transcendent
    exceeding or surpassing usual limits
    Through four years of experience this New Deal attack upon free institutions has emerged as the transcendent issue in America....
  14. artillery
    large but transportable armament
    But their illegal invasions of the Constitution are but the minor artillery with which this New Deal philosophy of government is being forced upon us.
  15. migrate
    move from one country or region to another and settle there
    Thousands of Dust Bowl farmers went bankrupt and had to give up their farms. About 400,000 migrated to California.
  16. migrant
    habitually moving from place to place
    They became migrant workers, moving from place to place to harvest crops.
  17. advocate
    speak, plead, or argue in favor of
    Hard times helped fuel the growth of radical groups. These groups advocated extreme and immediate change.
  18. fascism
    a political theory advocating an authoritarian government
    Fascism is a set of ideas that stresses the glory of the nation above individual needs and that favors dictatorship.
  19. quest
    make a search
    The moving, questing people were migrants now.
  20. agrarian
    relating to rural matters
    There in the Middle and Southwest had lived a simple agrarian folk who had not changed with industry, who had not farmed with machines or known the power and danger of machines in private hands.
  21. scheme
    an elaborate and systematic plan of action
    Three men won wide support with schemes to go beyond the New Deal in offering help to the average American.
  22. pension
    regular payment to allow a person to subsist without working
    Francis Townsend was a California doctor. He called for a monthly pension, or payment for retired people.
  23. welfare
    governmental provision of assistance to persons in need
    The act launched what would become a larger American welfare system.
Created on Mon Jun 14 16:40:17 EDT 2021 (updated Fri Jun 18 10:05:58 EDT 2021)

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