Credit
Financial Speculation
Buying something in hopes of the value increasing over time.(Gambling)
Hobos
Young men who would hop trains in hopes of finding work in other cities.
Bonus Army
Thousands of people camping outside of the capital in protest of early payment for wartime services.
Election of 1932
N.Y. Governor Franklin D. Roosevelt defeats Pres. Herbert Hoover in a landslide.
Over Production
Manufacturers were producing much more than they could sell.
Expansion of credit
Allowed for the sale of goods to Americans by way of using others money.
Dustbowl
Period of severe dust storms that affected American Agriculture.
Tariffs
US increased tariffs to 20% on foreign imports making them do the same. Global trade plummeted.
Franklin D. Roosevelt
Democratic Pres. whos main focus was to work with the federal government to improve the economy.
Negative Economic Cycle
Increased unemployment. decreased prices, excess of inventory. decrease production, and thus creating business failures.
Hooverville
Towns of homeless people living in makeshift houses.
New Deal
A series of programs, public work projects, and regulations enacted by FDR.