Depression
This is when a long period of rising stock prices in the market
Bull Market
Big dust storms that would form clouds after a drought struck the midwest
The Dust Bowl
What did Harding want to call America back to called
Return to Normalcy
Series of programs to combat the Great Depression
The New Deal
Insurance for Bank deposits
FDIC
This is when someone puts 10% down and borrows the other 90% to purchase stock
Buying on Margin
This is the Demand of repayment a stock broker will call when a stock price dips too low
Margin Call
Illegal leasing of government oil reserves for bribes
Teapot Dome Scandal
FDR's members that would bounce ideas back and forth for him was called
The Brain Trust
DAILY DOUBLE
Court-Packing Plan
Homeless people would go and live and put up shacks on public lands, forming communities called
Shantytowns
The average american househould was making only_____ during the Great Depression
1,600 dollars
Cabinet members that would smoke and drink at the White House
Ohio Gang
If the bank you had money saved into goes bankcrouped in the Great Depression, what happens to your money?
Disappears, gets lost, goes to zero
Government support for elderly/unemployed
Social Security
families packed up their belongings and would head to California where called
Oakies
What was Hoover's approach about the economy
Limited government involvement
DAILY DOUBLE
KDKA
Program that federally paid farmers not to plant crops and raise animals
AAA
CCC and WPA are examples of what type of government creation
Why was Hoover's ideas short lived to solving the Great Depression
Didn't want to enter Deficit spending
This was viewed by economist as the main reason for the Great Depression
Overproduction
the most known Influential Jazz musician from Chicago
Louis Armstrong
Why were some of the New Deal programs being ruled unconstitutional
Too much governmental power over states
The first year of social security, how much money was made
2 billion