Chapter 15: The New Deal

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Federal Deposit Insurance Corporation (FDIC)
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federal agency created to insure deposits in banks up to a certain amount
sit-down strike
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labor stoppage in which workers occupy the factory or plant to prevent the owners from using it
Securities and Exchange Commission (SEC)
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federal agency that oversees the operations of the stock market
Social Security
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federal agency that provides unemployment insurance and benefits for the retired and disabled
collective bargaining
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process in which employers negotiate with labor unions about hours, wages, and other working conditions
separation of powers
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principle that divides power among the executive, legislative, and judicial branches of government
welfare state
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government that assumes responsibility for providing for the welfare of the poor, elderly, sick, and unemployed
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