The Crash
Buying stocks with borrowed money from a broker was known a this risky practice
buying on margin
Families who lost their homes often built makeshift shelters in these shanytowns
Hoovervilles
Roosevelt's series of programs and reforms designed to combat the Great Depression
New Deal
This program paid farmers to reduce crop production and raise prices
AAA
Agriculture Adjustment Act
This New Deal program has the longest reaching impact and provided pensions for the elderly
Social Security
The name of the day the stock market took its worst plunge in 1929
Black Tuesday
This term describes the severe drought and dust storms of the 1930s that devastated farms across the Great Plains
Dust Bowl
Hoover's philosophy that individuals, not the government, should solve economic problems
rugged individualism
hands-off approach/limited government
This program provided conservation jobs for young men
CCC
Civilian Conservation Corps
This branch of government grew due to FDR's actions
Executive Branch/President
This decade was known for consumerism, stock market growth, and overconfidence in business and the economy
1920's / Roaring 20's
Name given to Dust Bowl migrants who moved West looking for work
Okies
Bonus Army
This agency restored public confidence in banks by insuring deposits
FDIC
Federal Deposit Insurance Corporation
This first lady was known for being a strong advocate for social reform and being an advisor to her husband
Eleanor Roosevelt
What did investors begin to do when they saw signs of trouble in the market
Sell their stocks
Soup kitchens, breadlines, and government jobs were examples of this type of new deal goal (one of the R's)
Relief
Soon after taking office, Roosevelt temporarily closed all banks nationwide to stop panic and allow inspections during this event
bank holiday
This New Deal program build damns and provided electricity and flood control in the South
Tennessee Valley Authority
The three main goals of the New Deal
relief, recovery, and reform
Name one warning sign that the economy was weakening before the crash
uneven distribution of wealth
rising consumer debt
This group was often first to lose their job and the last to be hired during the Great Depression
minorities (African Americans, Mexican-Americans)
women
Major difference between Hoover and FDR's approaches to the Depression
Hoover favored limited government intervention
FDR believed in active government intervention
This program provided jobs through public works projects like building roads and schools
WPA
Works Progress Administration
expanded role and expectation for federal government to be more active