Causes
New Technologies during the Roaring Twenties led to this serious issue in America.
Overproduction/Underconsumption.
This event would ruin American agricultural production and bring millions of farmers into poverty.
Dust Bowl.
Created by president Roosevelt, intended to fix the economy during the Great Depression by introducing social programs.
New Deal.
To insure bank deposits in eligible banks against loss in the event of a bank failure and to regulate certain banking practices.
Federal Deposit Insurance Corporation (FDIC)
To relieve unemployment during the Great Depression by providing national conservation work primarily for young unmarried men.
Civilian Conservation Corps (CCC)
The day that the stock market crashed and brought millions of Americans into poverty.
Black Tuesday.
The belief that Americans have the ability to "pull themselves up by their bootstraps".
Rugged Individualism.
Roosevelt's distant cousin.
Theodore Roosevelt.
Laid the groundwork for the modern welfare system in the United States, with its primary focus to provide aid for the elderly, the unemployed, and children.
Social Security Act (SSA)
Agency established in 1933 to control floods, improve navigation, and improve the living standards of farmers, and produce electrical power along the Tennessee River and its tributaries.
Tennessee Valley Authority (TVA)
Americans irresponsibly bought stocks, as they only had to pay ten percent of the overall cost upfront.
Margin Buying/Speculation Boom
Form of economy where the wealthy distribute money through new investments.
Trickle-Down Economics.
Created to make Americans feel safe and comfortable with the federal government, ultimately led to trust and a rise in the economy. Accomplished over the radio.
Fireside Chats.
Short-lived job creation program established by the New Deal during the Great Depression in the United States to rapidly create manual-labor jobs for the millions of unemployed workers.
Civil Works Administration (CWA)
Work program for the unemployed that was created in 1935. Intended to employ workers through the creation of American business and public spaces.
Public Works Administration (PWA)
This form of stock market is created when Americans buy a large amount of stocks, increasing stock prices.
Bull Market.
Shanty towns that sprung up through the U.S. due to serious issues with unemployment and bankruptcy.
Hoovervilles.
In response to the decreasing support of the American Congress, Roosevelt attempted to save his New Deal programs through...
Court Packing.
New Deal program that promised to secure the Stock Market and make it fair for American business.
Securities and Exchange Commission (SEC)
New Deal program that attempted to fix many of the labor issues, attempting to open communication between business owners and workers.
National Labor Relations (NLR)
This Tariff led to the increasing issue of American overproduction.
Smoot-Hawley Tariff.
Believed that the American population was resilient, could work by themselves and not require government involvement during the Great Depression.
Herbert Hoover.
World War 2.
New Deal program that restored agricultural prosperity by curtailing farm production, reducing export surpluses, and raising prices. An omnibus farm-relief bill embodying the schemes of the major national farm organizations.
Agriculture Adjustment Act (AAA)
Authorized the president to institute industry-wide codes intended to eliminate unfair trade practices, reduce unemployment, establish minimum wages and maximum hours, and guarantee the right of labor to bargain collectively.
National Industrial Recovery Act (NRA)