Causes
People overestimated on the value of stocks.
What is overspeculation?
The homeless people lived in these shantytowns named after the president
What are Hoovervilles?
This organization hired people to build roads, schools, and other public construction jobs
What is the WPA?
This program helped to establish minimum wages and maximum work hours.
This organization withheld money from people's paychecks to provide a safety net for senior citizens
What is the SSA?
People learned the banks were running out of money and they ran to get their money
What are bank runs?
This percent of the population was unemployed during the Great Depression
What is 25%?
This organization hired young single men to build flood barriers, among other things.
What is the CCC?
This organization paid farmers to grow less crops
What is the AAA?
This organization was created to make sure that people's money in the banks was insured
What is the FDIC?
This tariff angered other countries and led them to stop trading with us
What is the Smoot-Hawley Tariff?
Between 1930 and 1936 this drought hit the Midwest, and affected Oklahoma most of all.
What is the dust bowl?
This organization built electrical infrastructure in rural areas.
What is the TVA?
These programs were designed to stimulate the economy
What are the New Deal Recovery programs?
This organization regulated the stock markets and protected investors
What is the SEC?
This president believed the government should not intervene
Who is Herbert Hoover?
Charities opened up these to feed the homeless.
What are soup kitchens?
These programs were designed to help the poor and get people back to work
What are the New Deal Relief Programs?
This president implemented the policies
Who is Franklin Delano Roosevelt?
These policies prevented another economic collapse
What are the New Deal Reform programs?
This bank keeps all the money for the federal government.
What is the Federal Reserve?
These people left the dust bowl and looked for work in California.
Who are migrant workers?
To tell the nation what he was doing, FDR would use this, which is a form of mass media
What are fireside chats?