Terms
an area of Oklahoma, Kansas, and northern Texas affected by sever soil erosion (caused by windstorms) in the early 1930's, which forced people to move
Dust Bowl
Term for the infamous Tuesday in 1929 when the stock market fell by 12% in one day and nearly 16 million shares were traded.
Black Tuesday
Eleanor Roosevelt
What year did the Great Depression officially start?
1929
When customers of a bank or other financial institution withdraw their deposits at the same time over fears about the bank's solvency
Bank Run
Oversupply or Overproduction
What did Roosevelt say was the only thing to fear?
Fear itself
President of the U.S. at the beginning of The Great Depression.
Hint: Many believe he took too long to react
Herbert Hoover
a series of evening radio addresses given by Franklin D. Roosevelt between 1933-1944 that made Americans feel like he was talking directly to them
Fireside Chats
Consumerism in the 1920's made this type of purchasing popular.
Hint: When you don't have the money upfront to pay for something
Acceptable answers are:
credit, borrowing, loan, or installment buying
This program signed into law in 1935, gave a retirement income to Americans who were 65 or older.
Hint: It still exists today and you see the tax on your pay stubs
Social Security
A groundbreaking job program designed to provide unemployed Americans with work and income during a time when many were struggling to make ends meet.
Worker's Progress Administration (WPA)
A series of domestic programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the U.S. between 1933-1938, with the aim of addressing the Great Depression.
The New Deal
an action taken to stimulate the economy, usually during a recession
Hint: large scale economic stimulus
pump priming
What were the 3 R's of the New Deal
Relief, Recovery, Reform
What was the term used for shanty towns built during The Great Depression by the homeless in the U.S.
Hoovervilles
an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by: insuring deposits; examining and supervising financial institutions for safety and soundness and consumer protection
Federal Deposit Insurance Corporation (FDIC)
approx. 25%
How many bills did Roosevelt push through congress in his first 100 days in office?
15 Bills
This federal agency was established to address issues such as building dams, control flooding, and provide electricity in a specific region of Tennessee.