Timeline & People
This economic crisis lasted from 1929 to 1939.
What is the Great Depression?
Buying stocks by paying a small amount and borrowing the rest.
What is buying on margin?
Shantytowns built by homeless Americans.
What are Hoovervilles?
President who opposed direct federal relief to individuals.
Who is Herbert Hoover?
The three goals of the New Deal.
What are Relief, Recovery, and Reform?
The president elected in 1929.
Who is Herbert Hoover?
This event caused panic selling and wiped-out billions in wealth.
What is the Stock Market Crash?
Dust storms that devastated the Great Plains in the 1930s.
What is the Dust Bowl?
Group of World War I veterans demanding early bonus payments.
What is the Bonus Army?
Radio talks used to reassure Americans.
What are Fireside Chats?
The president elected in an overwhelming victory in 1932.
Who is Franklin D. Roosevelt?
This economic idea believed helping the wealthy would help everyone.
What is trickle-down economics?
Many Americans fell into debt because they used this to buy goods.
What is buying on credit?
Hoover’s response to the Bonus Army protest.
What is using the army to remove them?
Temporary closing of all banks in March 1933.
What is the Bank Holiday?
The date of the stock market crash, also called Black Tuesday.
What is October 29, 1929?
The highest protective tariff in U.S. history that reduced world trade by 40%.
What is the Hawley-Smoot Tariff?
By 1933, this fraction of banks had closed.
What is one-third?
Why Hoover lost public confidence before the 1932 election.
What is failure to provide direct relief and economic recovery?
Law that helped reopen healthy banks after the Bank Holiday.
What is the Emergency Banking Act?
The unemployment rate reached this percentage by 1933.
What is 25%?
When many people rush to withdraw their money due to fear.
What is a bank run?
One major hardship faced by Americans during the Depression.
What is unemployment, homelessness, hunger, or poverty?
President who communicated through Fireside Chats.
Who is Franklin D. Roosevelt?
The main problem the Bank Holiday aimed to solve.
What is bank panics and loss of confidence?