causes of the great depression
this took place in 1929 and is considered the start of the Great Depression since many people lost all of their money in it
What is the Stock Market Crash
What was Franklin D Roosevelt's goal?
For the new deal to be a success in hope of helping the country
What happened to the United States banks after the stock market crash?
The banks ran out of money. (They gave out IOU's instead)
What was the dust bowl?
A period of drought and dust storms.
What is it called when you borrow money in order to buy more stock?
What is it called when you borrow money in order to buy more stock?
What led to the food riots?
wide spread hunger and economic hardship
This President thought that by doing nothing the economy would get better because the economy goes up then down then back up
who is Herbert Hoover
What did the great depression cause?
It caused unemployment, poverty, business and deflation.
What is overproduction?
What is when a company makes more products (TVs, Cars, Radios, etc) than people are willing to buy.
What was the point of the social security act?
To address the social and economic challenges during the great depression.