Lead up to the Crash
This industry started to boom in the 1920s. Henry Ford made HIS affordable to the masses, including his employees, as he took care to pay them enough to ensure that they could afford their product.
Automobile.
Severe environmental disaster that occurred during the 1930s in the Great Plains region of the United States.
Dust Bowl
President of the United States, serving from 1929 to 1933. He was in office during the onset of the Great Depression and is often associated with the economic hardships of that era, despite his efforts to address the crisis
Herbert Hoover
FDR's team of advisors
Brain Trust or The New Dealers
Government agency established during the Great Depression that insures deposits in banks and thrift institutions, providing depositors with protection against loss in the event of bank failure.
FDIC (Federal Deposit Insurance Corporation)
Demand for American grain dropped after the conclusion of this event.
WWI
Buying stocks by paying only a small percent of the price of the stock and taking a loan from a stockbroker to pay the rest
Buying Stocks on the Margin
The 32nd President of the United States, serving from 1933 until his death in 1945. He led the country through the Great Depression and World War II.
Franklin D. Roosevelt
(FDR)
First female member of the President's cabinet.
Frances Perkins
Law aimed to stimulate economic recovery during the Great Depression by establishing industry codes that regulated wages, prices, and working conditions, and encouraged cooperation between government, labor, and industry.
National Industrial Recovery Act (NIRA)
1929. By 1928, many shares were being bought and sold for a great deal more than they were worth. Companies and individuals bought the shares in the expectation that they would continue to rise in value and could then be sold at a profit. This practice was called ___________________
Speculation
The downturn in the United States economy that occurred during 1937, marked by a sharp decline in economic activity after several years of recovery.
Roosevelt Depression
Influential American documentary photographer known for her powerful images depicting the hardships of the Great Depression
Dorothea Lange
Roosevelt used these to restore faith in the American economic system.
Fireside Chats
A law that established a system of government insurance providing retirement pensions, unemployment insurance, and assistance to needy individuals.
Social Security Act
A popular policy favored by Republican President Coolidge and his successor President Hoover.
Laissez-faire
A political alignment formed during the Great Depression, consisting of diverse groups such as labor unions, urban workers, African Americans, and Southern whites.
New Deal Coalition
Priest and influential radio broadcaster during the 1930s. Initially known for his advocacy of social justice, he later became known for his anti-Semitic and fascist-leaning rhetoric
Father Charles Coughlin
The closing of banks before bank runs could put them out of business
Bank Holiday
A federal agency set up for work relief and to increase employment
Works Progress Administration (WPA)
In 1929. President Hoover put through the Agricultural Marketing Act, which created the ________________________________.
Federal Farm Board
A group of World War I veterans who marched on Washington to demand the payment of bonuses that Congress promised
Bonus Expeditionary Forces (Bonus Army)
Prominent American politician and populist leader who served as the Governor of Louisiana and later as a U.S. Senator during the 1930s
Huey Long
New Deal program provided employment to young, unemployed men in natural resource projects such as reforestation, park construction, and soil conservation, aimed at promoting environmental conservation and economic recovery
Civilian Conservation Corp
The Farm Relief Act of 1933, which created the ________________________________, gave the federal government power over agriculture for the very first time.
Goal: To increase the price of agricultural products (raise "parity") to pre-WWI levels.
Method: The AAA provided cash subsidies to farmers who voluntarily reduced their acreage planted, aiming to decrease the supply that was driving prices down.
Agricultural Adjustment Administration