7.1
This event on October 29, 1929, involved panic selling and caused millions of shares to be sold.
What is Black Tuesday?
These temporary shelters built by homeless people during the Great Depression were named after President Hoover.
What are Hoovervilles?
This president created the New Deal to help the country recover from the Great Depression.
Who is Franklin Delano Roosevelt?
This term refers to buying stocks using borrowed money with only part of the total cost paid upfront.
What is buying on margin?
These were lines where people waited to receive free food during the Great Depression.
What are soup lines (or bread lines)?
This program provided pensions to elderly Americans and was administered by the federal government.
What is Social Security?
This economic idea means the government should interfere as little as possible in business.
What is laissez-faire?
This environmental disaster caused massive dust storms and forced many farmers to migrate west for work.
What is the Dust Bowl?
Roosevelt used these radio broadcasts to explain his plans and gain the confidence of the American people.
What were fireside chats?
This problem occurred when businesses produced more goods than people could afford to buy.
What is overproduction?
This group of World War I veterans marched on Washington, D.C. to demand early payment of their promised bonus.
Who were the Bonus Army?
This program gave jobs to young men by having them work on environmental and conservation projects.
What is the Civilian Conservation Corps (CCC)?
This major weakness in the 1920s economy meant that 1% of people earned nearly one-fourth of the nation’s income.
What is unequal distribution of wealth?
This government program hired photographers and writers to document life during the Great Depression.
What is the Works Progress Administration (WPA)?
This law officially recognized Native American tribal governments and gave them more control over their own affairs.
What is the Indian Reorganization Act (Wheeler-Howard Act)?