Causes of the Great Depression
This group owned 45% of the nation's wealth before the Depression.
The upperclass/rich
Herbert Hoover was president when this catastrophic event happened in 1929.
The Stack Market Crash of 1929
These makeshift shantytowns were named after President Hoover.
Hoovervilles
President Roosevelt famously communicated with Americans through these comforting radio talks.
Fireside Chats
He was elected president in 1932, defeating Hoover.
Franklin D. Roosevelt
This economic term describes making more products than people can buy.
Overproduction
This October day in 1929 marked the worst stock market crash in U.S. history.
"Black Tuesday"
This environmental disaster hit Oklahoma farmers, forcing many to migrate west.
The Dust Bowl
This action temporarily closed all banks to prevent further collapse.
Creation of Bank Holidays
This political figure criticized FDR and proposed a “Share the Wealth” plan.
Huey Long
This type of government approach describes the “hands-off” policies of the 1920s presidents.
Laissez-faire
This government program under Hoover destroyed crops in an attempt to raise prices.
Many Dust Bowl refugees from Oklahoma ended up in this state.
California
This amendment repealed Prohibition, allowing the government to tax alcohol again.
The 21st Amendment
FDR’s programs were collectively referred to by this nickname because of their many acronyms.
"Alphabet Soup"
This describes the risky stock market practice of buying stocks with borrowed money.
Buying on margin/credit
This act raised tariffs on imported goods, worsening global trade.
The Smoot-Hawley Tariff
This many banks failed during the Depression, leading to mass panic and loss of savings.
11,000 Banks
This New Deal program created jobs and collected oral histories, including from former slaves.
WPA (Works Progress Administration)
This phrase sums up FDR’s three major goals: relief, recovery, and reform.
"The 3 R's."
This economic issue caused American businesses to struggle selling goods abroad after raising tariffs.
Smoot-hawley retaliation
This corporation gave money to businesses, banks, and railroads to stimulate production.
The Reconstruction Finance Corporation
This number represents how many Americans were unemployed during the worst years of the Depression.
13 Million
This law, part of the Second New Deal, guaranteed workers the right to unionize and bargain collectively.
NLRA (National Labor Relations Act)
As a result of the New Deal, this happened to the size of the federal government and budget.