The Great Depression (Great Depression)
Black Tuesday - -October 29, 1929; the CCC-Civilian Conservation Corps - -gave
day the stock market crashed public works jobs to young men to improve
buildings, and make state parks.
Causes of the Depression - -Over-
speculation & Buying on Margin, Overproduction, PWA (Public Works Administration) - -put
Collapse of the banking system, Inaction of the jobless to work building roads, bridges, hospitals,
Federal Reserve, High Tariffs, High-Consumer schools, parks, and airports. Used Fed $$
Debt.
AAA-Agricultural Adjustment Act - -asked
The Great Depression - -Spanning from farmers to reduce production and destroy
1929-WWII, this crisis was the longest and surpluses. Intended to help farms but actually
hardes economic disaster the US had ever hurt many.
experienced. IT caused social and economic
hardships; high unemployment, bank failures,
hunger, pverty, and homlessness. FDIC-Federal Depository Insurance Corporation -
-provides insurance on bank accounts up
to $100,000
bankrupt - -unable to pay debts
Social Security act - -provides disability
soup kitchens - -set up by Herbert Hoover insurance, unemployment insurance, and
as a relief program to help feed the poor, pensions
unemployed
deficit spending - -spending more than the
Bonus Army - -veterans of WWI who government has
marched to Washington DC to demand the
bonus they were promised; Hoover called out the
National Guard; created a very poor view of Dust Bowl - -Nickname for the area of the
Hoover midwest that experienced drought, dry high
winds, and erosion. Blinding dust storms ruined
farms; leaving many farmers without crops and
Franklin Roosevelt - -POTUS for most of money.
the Great Depression; presented the American
people with a New Deal to solve the problems of
the Great Depression Tariff - -In order to encourage Americans to
buy American goods, our government taxed
foreign trade-making overseas products more
fireside chats - -the 30 speeches that FDR expensive. Many foreign governments retaliated
gave while in office to keep the American people and placed tariffs on our goods. This stranged
updated about the progress of the New Deal international trade further hurting the economy.
1/3
Black Tuesday - -October 29, 1929; the CCC-Civilian Conservation Corps - -gave
day the stock market crashed public works jobs to young men to improve
buildings, and make state parks.
Causes of the Depression - -Over-
speculation & Buying on Margin, Overproduction, PWA (Public Works Administration) - -put
Collapse of the banking system, Inaction of the jobless to work building roads, bridges, hospitals,
Federal Reserve, High Tariffs, High-Consumer schools, parks, and airports. Used Fed $$
Debt.
AAA-Agricultural Adjustment Act - -asked
The Great Depression - -Spanning from farmers to reduce production and destroy
1929-WWII, this crisis was the longest and surpluses. Intended to help farms but actually
hardes economic disaster the US had ever hurt many.
experienced. IT caused social and economic
hardships; high unemployment, bank failures,
hunger, pverty, and homlessness. FDIC-Federal Depository Insurance Corporation -
-provides insurance on bank accounts up
to $100,000
bankrupt - -unable to pay debts
Social Security act - -provides disability
soup kitchens - -set up by Herbert Hoover insurance, unemployment insurance, and
as a relief program to help feed the poor, pensions
unemployed
deficit spending - -spending more than the
Bonus Army - -veterans of WWI who government has
marched to Washington DC to demand the
bonus they were promised; Hoover called out the
National Guard; created a very poor view of Dust Bowl - -Nickname for the area of the
Hoover midwest that experienced drought, dry high
winds, and erosion. Blinding dust storms ruined
farms; leaving many farmers without crops and
Franklin Roosevelt - -POTUS for most of money.
the Great Depression; presented the American
people with a New Deal to solve the problems of
the Great Depression Tariff - -In order to encourage Americans to
buy American goods, our government taxed
foreign trade-making overseas products more
fireside chats - -the 30 speeches that FDR expensive. Many foreign governments retaliated
gave while in office to keep the American people and placed tariffs on our goods. This stranged
updated about the progress of the New Deal international trade further hurting the economy.
1/3
