The Crash
Oct. 29, 1929 - The Day the stock market crashed
Black Tuesday
Makeshift shantytowns
Hoovervilles
Protected up to $5,000
Federal Deposit Insurance Corporation (FDIC)
Encouraged to go or forcibly deported back to their home country
Mexican Americans
Movies
When scared customers would withdraw all of their money
Bank Runs
Radio speeches with the American people
Fireside chats
Hired to fight forest fires, replant forests, and build hiking trails
Civilian Conservation Corps (CCC)
Using more money than you have
Deficit Spending
Evolved from Jazz
Swing/Big Band music
Paying a small percentage of the full value up front and the rest over time
*NOT CREDIT*
Buying stocks on margin
Employed men to complete jobs for the public
Public Works Programs
Built a series of dams to control flooding and produce electricity
Tennessee Valley Authority (TVA)
Advised FDR on issues facing their people specifically
Black Cabinet
Created for the first time in the 1930s
Comic Books
Offered food, shelter, and charity
Soup Kitchens
Bank Holiday
Employed people to build schools, teach soil conservation, and get artists working
Protected union members from being fired
Wagner Act (Fair Labor Standards Act)
Reflected how people felt, like "Dust Bowl Refugee"
These four long term conditions led to the stock market crash
Misuse of credit, Farmers in debt, decrease in consumerism, and wealth gap between the classes
WWI Veterans looking to get their lump sum early
Bonus Army
Encouraged Americans to buy goods from companies with a blue stamp
National Recovery Administration (NRA)
Controversial proposal to add six more justices
Court-Packing
Escapism
Tendency to seek distraction from one's problems by seeking entertainment or engaging in fantasy