Causes and Collapse
This day, October 29, 1929, saw the sharpest drop in stock prices, marking the official start of the Great Depression.
Black Tuesday
Makeshift shantytowns built by the homeless, often named after the president they blamed for their situation.
Hoovervilles
The three goals of the New Deal, ( Three _'s)
Relief, Recover, Reform
This program provides financial assistance and benefits to the elderly, unemployed, and disabled.
Social Security Administration (SSA) (or Social Security Act)
Widespread job losses led to many families relying on soup kitchens and these lines for free food.
Bread Lines
This risky practice of buying stocks using borrowed money drove stock prices unsustainably high.
Over speculation
The hands-off principle of minimal government interference in the economy, initially favored by President Hoover.
Laissez-faire
This program, still around today, guarantees money deposits are safe even if a bank fails.
Federal Deposit Insurance Corporation (FDIC)
The Supreme Court ruled some New Deal laws unconstitutional, arguing they infringed on the powers given to the states by this amendment.
10th Amendment
Her humanitarian efforts and outspoken advocacy for the less fortunate earned her worldwide respect.
Eleanor Roosevelt
This 1930 tariff was passed by Congress and significantly raised taxes on imported goods, causing international trade to decline.
Smoot- Hawley Tariff
The ecological disaster in the Great Plains caused by extreme drought and poor farming practices.
Dust Bowl
This president promised a "New Deal" to pull the nation out of the economic crisis.
Franklin D. Roosevelt (FDR)
FDR's controversial proposal to add more justices to the Supreme Court to stop them from blocking his New Deal legislation.
The Court Packing Plan
This was the immediate effect President Roosevelt's bank holiday was intended to restore in the public.
Confidence
The economic effect that forced businesses to reduce production or shut down completely because consumers lacked money to purchase goods.
Underconsumption
The action taken by lenders to seize homes or property when borrowers failed to make mortgage payments.
Foreclosures
The practice used by FDR to explain his policies to the public and restore confidence over the radio.
Fireside Chats
The fundamental shift in the government's role that began with the New Deal, which became known as massive.....
Government Intervention
This federal law was implemented by the government to forcibly send Mexican immigrants back to Mexico to reduce job competition for Americans.
Mexican Repatriation Act
The gap between the amount of goods produced and the demand, combined with overspeculation and installment plans, that led to the economic collapse.
An Imbalance (or overproduction/underconsumption)
The name for the president who believed in individual effort and laissez-faire principles at the beginning of the Depression.
Herbert Hoover
This agency was created to prevent fraud and ensure a fair market by enforcing rules for investors and businesses.
Securities and Exchange Commission (SEC)
This amendment was passed after FDR was elected to four terms, limiting future presidents to two terms in office.
22nd Amendment
This body struck down some New Deal programs as unconstitutional.
Supreme Court