Causes of the Great Depression
This practice allowed consumers to buy items now and pay later, increasing debt.
What is buying on credit?
Many Americans bought goods without having money to pay, leading to massive debt when jobs were lost.
Shantytowns named after the president blamed for the Depression.
What are Hoovervilles?
Americans blamed Hoover for not helping the poor, so his name symbolized suffering.
The region hardest hit by dust storms in the 1930s.
What is the Great Plains?
This region had dry land and poor farming methods
The president blamed for the Great Depression.
Who is Herbert Hoover?
His limited response made Americans lose confidence.
Roosevelt’s plan to combat the Great Depression.
What is the New Deal?
It aimed to provide relief, recovery, and reform.
The stock market crashed in 1929 largely due to this risky behavior.
What is overspeculation?
People invested recklessly, assuming stock prices would keep rising forever.
Newspapers used as blankets by homeless Americans.
What are Hoover blankets?
These showed how desperate conditions had become.
A farming practice that contributed to the Dust Bowl.
What is over-farming
Farmers removed too much grass, leaving soil loose and dry.
The president who created the New Deal.
Who is Franklin D. Roosevelt?
He believed the federal government must take action.
This program provided retirement pensions and unemployment insurance.
What is the Social Security Act?
It protected Americans from future economic hardship.
Investors used borrowed money to buy stocks, increasing risk.
What is buying on margin?
When stock prices fell, investors still had to repay loans, causing financial collapse.
An economic situation with high unemployment and low production.
What is an economic depression?
Businesses closed, jobs disappeared, and poverty spread.
A major natural disaster that worsened the Depression for farmers.
What is the Dust Bowl?
Severe drought and dust storms destroyed farms and livelihoods.
Hoover believed relief should come from these sources.
What are local governments and private charities?
Hoover opposed strong federal involvement.
This program brought electricity and jobs to the South.
What is the TVA? TENNESEE VALLEY AUTHORITY
It improved living conditions and modernized rural areas.
Farmers produced more crops than people could buy, lowering prices.
What is overproduction?
Too many goods meant lower prices and less profit for farmers.
Hoover was criticized because he refused to do this.
What is provide direct federal aid?
Hoover believed charity should come from local governments and businesses, not the federal government.
Strong winds caused this environmental problem.
Strong winds caused this environmental problem.
Without plant roots, topsoil blew away.
Roosevelt believed this level of government should help people.
What is the federal government?
FDR expanded federal power to address the crisis.
One of the three main goals of the New Deal that focused on preventing future crises.
What is reform?
Reforms regulated banks and businesses.
This shows why the prosperity of the 1920s was misleading
What is increasing personal debt?
Many Americans appeared wealthy but were actually deeply in debt.
A group that lost jobs due to state laws during the Depression.
Who are married women?
States believed men should have jobs instead of married women.
Many Dust Bowl farmers migrated to this state seeking jobs.
What is California?
California promised farm work and better opportunities.
Roosevelt used these radio talks to reassure Americans.
What are fireside chats?
They helped restore trust and confidence.
Government spending more money than it collects.
What is deficit spending?
FDR believed spending would boost the economy.