Causes & Crash
This happens when farms or factories make more goods than people can buy.
overproduction
By 1933, about this fraction of American workers were unemployed.
1 out of 4
Drought, wind, and poor farming practices helped create this environmental disaster.
Dust Bowl
This president was elected in 1932 and promised Americans a "New Deal."
Franklin D. Roosevelt (FDR)
This program gave young men jobs working in parks, forests, and conservation.
CCC
This risky practice involved investing in stocks because people expected prices to keep rising.
speculation
These provided free or inexpensive food to struggling Americans.
breadlines and soup kitchens
About this many people moved west because of conditions during the Dust Bowl.
about 2.5 million people
The first months of FDR's presidency, when many major laws were passed, are known by this name.
First 100 Days
This program created millions of public jobs.
WPA
This allowed investors to purchase stocks using mostly borrowed money.
buying on margin
Homeless communities built during the Great Depression were given this nickname.
Hoovervilles
During this policy, people of Mexican ancestry were pressured or forced to leave the United States, including many U.S. citizens.
Mexican Repatriation
These were the Three R's of the New Deal.
Relief, Recovery, and Reform
This program built dams while providing electricity and jobs.
TVA
This famous day on October 29, 1929, involved massive stock selling and losses.
Black Tuesday
This occurred when frightened customers rushed to withdraw their money from a bank.
bank run
This 1934 law supported greater tribal self-government and changed some federal policies toward Native Americans.
Indian Reorganization Act
Which "R" focused on providing immediate help to struggling Americans?
Relief
This agency protects people's bank deposits.
FDIC
Give TWO economic problems from the 1920s that helped make the Great Depression worse.
overproduction, debt, farm problems, unequal income, risky bank loans, or stock speculation
Explain the Great Depression's economic cycle beginning with people spending less.
people spend less → businesses sell less → businesses produce less → workers lose jobs → families have less money → spending falls even more?
Explain why the Great Depression did not affect every American equally. Give one historical example.
different groups face different hardships, such as Mexican Repatriation or the particular effects of federal policies on Native Americans
Which "R" focused on making long-term changes designed to prevent another economic disaster?
Reform
This agency regulates the stock market to help protect investors.
SEC