Causes
This was the immediate/short term cause of the Great Depression.
What is the Stock Market Crash (Black Tuesday)
This is widely considered one of the worst environmental disasters in human history, where crops were unable to grow and severe storms plagued the midwest.
What is the Dust Bowl?
This is the nickname for Oct. 29th, 1929, the day the stock market finally crashed and many believe to be the beginning of the Great Depression.
What is Black Tuesday?
He was the 32nd President of the US, and was elected four consecutive times, covering the Great Depression and WW2.
Who is Franklin D. Roosevelt?
This is when the government is spending more money than it receives in revenue.
What is Deficit Spending?
This industry had already been in a Depression for most of the 1920s, due to overproduction and steady drop in prices of their product(s).
What is agriculture?
This was the nickname given to shantytowns as a jab against the current President.
What is Hoovervilles?
This is a term used to describe a span in which the economy grows and contracts.
What is a business cycle?
This a term given to the collection of more than forty federal government programs by FDR to help America during the Depression.
What is the New Deal?
This is what the CCC stands for.
What is the Civilian Conservation Corps?
This new method allowed investors to buy stocks but only have to pay for a little at a time.
What is buying on margin?
This was a derogatory name for nomads leaving Oklahoma in search of a better life.
What is Okies?
This is the lowest point of a business cycle.
What is a trough?
This is a system of government or community control of land, capital, and industry.
What is Socialism/Socialistic?
This major part of the 2nd New Deal offered old age insurance for retirees, unemployment compensation, and aid to families with dependent children and people with disabilites.
What is Social Security?
This plan was created in order to help Germany pay their debts to England and France, but in turn would fail since Germany failed to pay them back due to hyper-inflation.
What is the Dawes Plan?
This novel, written by John Steinbeck, painted a picture of life for many in the midwest. It tells of a family who leaves their farm in order to pursue a new life in California.
What is The Grapes of Wrath?
What is deflation?
This was declared on FDR's first day as President.
This was the first program of the New Deal to try and raise crop prices by lowering production and paid farmers to leave a certain amount of every acre of land unseeded.
What is the Agricultural Adjustment Act (AAA)?
This is an idea of "getting rich quick," where you purchase an asset in hopes that you can turn around and make a quick profit.
What is speculation?
This is when farmers would work on land/farmers owned by someone else in return for a portion (share) of the crops grown. It first gained popularity following the Civil War, and saw a big return during the Depression.
What is sharecroppers?
What is Gross National Product?
This was the highest protective tariff in U.S. History, passed by Congress in 1930, designed to protect American manufacturers and farmers from foreign competition, yet the opposite occurred.
What is the Hawley-Smoot Tariff Act?
This administration was created with the goal of creating as many jobs as possible as quick as possible through construction or repairs, guides, collections, painting and murals, etc.
What is the Works Progress Administration (WPA)?