Vocab 1
Okies
many migrant workers came from Oklahoma and were called Okies
Federal spending to fund projects such as highways, parks and libraries to create jobs
Public Works
Franklin D. Roosevelt
32nd President of the United States, in office from 1933-1945, Democrat, President during The Great Depression
The Day, October 29, 1929, the stock market crashed.
Black Tuesday
Migrant Workers
farmers / farm workers who moved to California after the Dust Bowl and moved from place to place to harvest fruits and vegetables
Aid for the needy provided by charities, churches and volunteers. State and governments provided aid as well.
Relief
Foreclose
To take property because payments on loans were not made
The value of money decreases and is usually associated with a rise in prices
Inflation
Federal Deposit Insurance Corporation (FDIC)
an agency established to give money to the states for use in helping people in need.
Banks suffered huge losses when farmers failed to meet loan payments. Thousands of banks across the nation closed between 1930-1933
Defaulted
Hoovervilles
A very poor area where small shacks were built from scrap materials
a severe and prolonged downturn in economic activity
Economic Depression
The Hundred Days
A very productive time when Roosevelt's proposals for new economic progress were quickly approved by Congress. New laws were passed by Congress that were called the New Deal
an organized system for investors with money to buy and sell shares, or blocks of investments, in corporations.
Stock Exchange
Herbert Hoover
31st President of the United States, in office from 1929-1933, Republican, Blamed for The Great Depression
The Great Plains were severely damaged by drought and dust storms in the 1930's
Dust Bowl
Unemployment
Number of people who did not have a job
Hoover's belief that recovery would come through private businesses and not direct government aid to the poor
Rugged Individualism
Debt
Owing money to a person, bank, stock owner, etc.
a period of temporary economic decline during which trade and industrial activity are reduced
Recession