Causes
This occurs when there are too many goods and not enough people willing or able to buy them
What is overproduction?
These were shantytowns where homeless people lived
What are Hoovervilles?
He was the president when the Great Depression first began
Who is Herbert Hoover?
This program insured personal bank accounts up to $5000 ($100,000 in today's money)
This agency sought to increase farm prices by decreasing production
What is the Agricultural Adjustment Administration (AAA)?
This event is often considered to be the starting point of the Great Depression
What is the stock market crash of 1929?
This happens when people rush to the bank to try to remove their savings before it's gone
What is a run on the bank?
He achieved a landslide victory in the 1936 presidential election after promising the American people a "New Deal"
Who is Franklin Delano Roosevelt?
These were a series of radio broadcasts that FDR used to garner public support for the New Deal
What are fireside chats?
This agency employed men, aged 18-25, in public works projects such as building highways, parks, and planting trees
What is the Civilian Conservation Corp (CCC)?
The 1920s saw the rise of this slogan, which persuaded many Americans to go into debt to pay for consumer goods
What is "Buy now, Pay later"?
This term referred to the region of the American mid-west that suffered devastating droughts and dust storms
What is the Dust Bowl?
She pushed FDR to extend the New Deal in order to help children, women, and African Americans
Who is Eleanor Roosevelt?
This program provides money for retirees, the disabled, and impoverished families with children
What is Social Security?
This agency built dams to control flooding and to provide cheap electric power to Southern states
What is the Tennessee Valley Authority (TVA)?
Republican presidents throughout the 1920s espoused this philosophy of government's role in the economy
What is laissez-faire?
This was the unemployment rate for African Americans during the Great Depression
What is 50%
He created one of the first soup kitchens
Who is Al Capone?
FDR was widely criticized for this attempt to manipulate the judiciary in order to protect the passage of New Deal legislation
What is the court packing scheme?
This massive agency not only hired Americans to work on public works projects, but also employed musicians, artists, and writers to create works of public art and to record the nation's history
What is the Works Progress Administration (WPA)?
This term refers to the attempt to make large amounts of money on risky investments that have a high probability of failing
What is speculation?
This was a derogatory term for refugees from the Oklahoma Dust Bowl who migrated to California looking for work
What are "okies"?
This was a group of WWI veterans that marched to Washington DC demanding to be paid for their military service
What is the Bonus Army?
This legislation set minimum wage, maximum working hours, and curbed child labor across the country
What is the Fair Labor Standards Act?
This agency gave money grants to states in order to fund relief programs for the poor and unemployed
What is the Federal Emergency Relief Administration (FERA)?