Great Depression
What is Palenzuela's favorite topic?
Child Labor
The root of the 1929 banking crisis was directly linked to this.
Stock Market Crash
600
The estimated unemployment rate in the U.S. at the height of the Great Depression.
25%
Define Dusk Bowl
A severe drought that gripped the Great Plains in the early 1930s
What are 2 causes of The Great Depression?
Overproduction and Undercomsumption
In 1930, what tariff did Congress pass?
Hawley-Smoot Tariff
What happened to over 9,000 of these institutions between 1930 and 1932, erasing life savings
Bank failures and bank runs
This term was used to describe the shantytowns built by unemployed and destitute people.
Hoovervilles
A word to describe poor drifters in search of jobs.
Hoboes
What is the nickname for the FDR's series of programs and reforms aimed at fixing the economic crisis
New Deal
This term describes when nervous customers rush to withdraw their money, causing banks to collapse.
Run on the bank
The program FDR set up in part of his New Deal, to give retired people their money.
Social Security
1 in 4, or 25%, of the U.S. workforce was unemployed by what year
1933
This group of World War I veterans marched on Washington D.C. to demand early payment of their bonusus
Bonus Army
This fundamental economic issue, where factories and farmers produced more goods than people could buy, led to the depression
Overproduction
This financial practice involves paying a small portion of a stock's price up front and taking a loan for the rest.
buying on margin
This was the main reason many banks failed between 1930 and 1933, resulting in thousands of closures.
lack of liquidity
Unemployment was the highest amongst what percent of Blacks?
50%
FDR's wife, who became a famous and politically active First Lady.
Eleanor Roosevelt
These were often used by the unemployed to receive free food, with one famous one in DC opened by Volunteers of America.
Soup kitchens and breadlines
Explain what Black Tuesday is
The market fell 12% in one day, with over 16 million shares traded on the New York Stock Exchange.
The Program of the New Deal that insured American's deposits in the bank.
FDIC
Many farmers, particularly from Oklahoma, moved to this state to find agricultural work.
California