Vocabulary
a bad economy
What is a depression?
the name of the day that the stock market crashed
What is Black Tuesday
Social Security Act
the word that means to not have a job
What is unemployment
the president during the start of the depression
Who is Herbert Hoover?
extra money
What is a bonus
the group of people who did not feel the economic boom of the 1920s (who did not have a good economy in the 1920s)
What are farmers
Insured up to $2,500
FDIC
the place to get free food if you could not pay
What is a breadline
When you ran out of money
Bankrupt
Places that were set up to give homeless people food
Bread line or soup kitchen
The date of the stock market crash
What is Oct 29, 1929
This controlled what farmers could raise and sell
the shantytowns created by the homeless
What are hoovervilles
The government program to help the needy
Relief Program
Place in cities where homeless people would create homes
Hoovervilles
these collapsed when people defaulted on their loans
What are banks
Works Progress Administration (AAA)
What did FDR come up with to get people out of the depression?
New Deal
The disease that FDR had
FDR would talk to the country, and they were called
Fireside Chats
making extremely risky business decisions hoping to make a lot of money
What is speculation
They were formed to boost the declining prices
National Industrial Recovery Act (NIRA)
What were the three parts to the new deal?
Relief, recovery, and Reform
What did Hoover have built, that was named after him?
What is the Hoover Dam