Key People and Terms
He was president when the Great Depression began.
Who is Herbert Hoover?
This federal agency insures bank deposits today.
What is the FDIC (Federal Deposit Insurance Corporation)?
FDR promised this "deal" to help Americans recover from the Depression.
This economic practice involved buying stocks with borrowed money.
What is buying on margin?
Many homeless Americans lived in these makeshift shantytowns.
What are Hoovervilles?
FDR used these radio broadcasts to talk to Americans.
What are fireside chats?
This program provided jobs building schools, roads, and other public projects.
What is the WPA (Works Progress Administration)?
This president served during most of the Great Depression.
Who is Franklin D. Roosevelt?
This was one of the biggest causes of the Great Depression when it crashed in 1929.
What is the stock market?
This natural disaster worsened farming conditions during the 1930s.
What is the Dust Bowl?
This term describes government spending to help stimulate the economy.
What is deficit spending?
This law regulated the stock market and still exists today.
What is the Securities Exchange Act?
This program built dams and provided electricity in the Tennessee Valley.
What is the TVA (Tennessee Valley Authority)?
The imbalance of supply and demand led to this condition where too many goods were produced.
What is overproduction?
To save money, many families relied on this government aid program for food.
What are soup kitchens or breadlines?
This First Lady was known for her activism and support of civil rights.
Who is Eleanor Roosevelt?
This term describes the belief that the government should not interfere in the economy.
What is laissez-faire?
This agency gave young men jobs in national parks and forests.
What is the CCC (Civilian Conservation Corps)?
This term refers to the unequal sharing of wealth that contributed to economic instability.
What is income inequality?
Many people escaped their troubles by going to this form of entertainment.
What is the movie theater or cinema?
This economist believed government should increase spending during economic downturns.
Who is John Maynard Keynes?
This part of the New Deal focused on permanent changes to prevent future depressions.
What is reform?
This New Deal act created a system of pensions for the elderly.
What is the Social Security Act?
High tariffs like this 1930 law hurt global trade during the Depression.
What is the Smoot-Hawley Tariff?
These people moved from the Great Plains to California in search of work.
Who are the Okies?