Vocab/Terms
What is Credit? Why did this lead to problems with so many Americans?
Credit is an arrangement in which consumers agreed to buy now and pay later for purchases. People were not able to pay back the money that they borrowed because they built up such a large amount of credit. The banks failed and made things worse.
With the Dust Bowl in full force, where did many Midwestern families migrate to in order to try and regain a normal life?
California and other Pacific coast Cities
Today, this phrase is used with every President when they first take office. FDR used this term when implementing his New Deal. What is the phrase he used?
1st 100 Days