Vocab
Environmental disaster in the Plains region during the 1930s. Severe drought ruined crops and winds carried off topsoil.
What is the Dust Bowl?
An economic theory that supports government spending of borrowed money to boost the economy. The federal government goes into debt and spends money to put people to work during the economic crisis.
What is deficit spending?
Who did Americans blame for the Great Depression?
Who was Herbert Hoover?
What ended the depression.
What is World War II and the massive industrial production to supply the war?
Designed to provide relief for unemployment youth who had a very hard time finding jobs during the Depression.
What was the Civilian Conservation Corps (CCC)?
1935 law passed during the Great Depression to provide a minimal income to older Americans and save them from poverty.
What is the Social Security Act?
A growing gap between the rich and the poor in the 1920s. One of the causes of the Great Depression.
What is unequal distribution of wealth?
ND project that provided jobs and generate electric power and control floods. It created dams that provide affordable electricity as well as jobs.
What is the Tennessee Valley Authority (TVA)?
What is Agricultural Adjustment Act (AAA)?
An American photographer who documented the suffering of Americans during the Great Depression.
Who was Dorothea Lange?
The theory that claimed the government should not interfere in the economy.
What is laissez faire economics?
President of the U.S. for the majority of the Great Depression.
Who is Franklin D. Roosevelt?
Took place in late 20s, people believed stock prices would continue to rise and invested in the market. Contributed to the Stock Market Crash of 1929.
What is stock market speculation?
Who took office before the stock market crashed in 1929. He tried to deal with the economic crisis through the Reconstruction Finance Corporation but it was not very effective.
Who is Herbert Hoover?
ND agencies that provided millions of jobs for Americans constructing public buildings, highways, libraries, and bridges. They also put artists, photographers, and painters to work.
What is the Public Works Administration (PWA) and Work Progress Administration (WPA)?
Supreme court began to rule that some the ND programs were unconstitutional. FDR tried to add 6 new justices to the court. Congress rejected because it gave to much power to the executive branch over the judicial branch.
What is the Court packing scheme?
In 1932 WW I veterans tried to pressure Congress to pay them their retirement bonuses early, but it was denied. Angry veterans marched on Washington D.C., President Hoover used to the army to clear out the protesters.
What is Bonus Army?
What was the name given to shantytowns for homeless families during the depression.
What is Hoovervilles?
What is the Smoot-Hawley Tariff.
What is the high-tariff law that contributed to a global economic downturn in the 1930s?
It's role was to regulate and end fraud when buying and selling stocks and bonds
What is Securities and Exchange Commission (SEC)?
What are the FOUR reasons for the stock market crash.
What is: stocks overpriced due to speculation, Massive fraud, Illegal activity, Margin buying?
What are the THREE elements of the New Deal.
RELIEF from suffering, REFORM of the economic system, and RECOVERY for U.S. businesses, banks, and economy?
What is Federal Deposit Insurance Corporation.
What is the government agency set up under the ND that insures customers deposits if a bank fails?
How did the Great Depression impact families?
What is mass unemployment, homelessness, many migrated to other areas to find jobs, teenagers left to find work, and protestors and rioters?
What are the FIVE causes of the Great Depression.
What is 1.) Unequal distribution of wealth. 2.) Regulations of Federal reserve 3.) Fed Gov. raised tariffs 4.) Overproduction of goods 5.) buying on a margin?