1
The worst economic crisis in history was__.
The Great Depression
What year did the Great Depression begin?
1929
During The Great Depression, people lost__ banks__, and businesses__.
money; failed; closed
One main cause of the Great Depression was__.
The Stock Market Crash
Shares of ownership in a business are called__.
stocks
The stock market began to decline in __(year and month).
October 1929
When people went to banks to take out their money at once, what was the result?
The stock market crashed.
Why couldn't people withdraw their money from banks?
The banks didn't have enough cash.
The results of banks closing or being unable to loan money were___, factories___, and workers_____.
businesses couldn't grow; made fewer goods; were laid off
By 1933, how many workers were unemployed?
1 out of 4
People survived The Depression by standing in__; others lived in__.
bread lines to get food; tiny shacks made of scrap wood and metal
What was a "Hooverville"?
A town where people lived in tiny shacks.
"Hoovervilles" were named after__.
President Herbert Hoover
Farmers suffered during the Depression because there was too much__ and ___.
food; food prices were low.
What was caused by a terrible drought in the Midwest?
The Dust Bowl
What is a drought?
lack of rain over a long period of time, causing the soil to dry up
To make things worse in the Midwest, huge __.
winds swept across the land, carrying the dried-up soil
The results of the Dust Bowl were crops__. animals___, families__.
died; starved; packed up and moved west toward California, hoping to find work and food
Hard items for children included:
Some left school to help their families--some went hungry and wore hand-me-down clothes until they were no longer wearable
In 1932____ also known as __was elected President of the U.S
Franklin Delano Roosevelt; FDR
FDR promised a __ to help the country.
New Deal
The New Deal was a group of government programs created to help people find__, fix the__, protect__
jobs; economy, people's money
Fireside Chats were FDR's ___explaining what was happening in America and what the __was doing to help.
radio talks; government
The Fireside Chats helped people feel less__ and more __.
scared; hopeful
It wasn't until__that the economy truly recovered.
World War II in the early 1940s