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GD flashcards

Great Depression flashcards

TermDefinition
New deal Gave jobs to create high raise
Great Depression Time of poverty where people lost jobs,houses, were hungry, ect.
Dust bowl Dust storms throughout the west
Surplus Overproduction, too much of something
Herbert hoover President at beginning of Great Depression, didn't want to help people in need.
Franklin Roosevelt President at end of Great Depression, created the new deal.
Hoovervilles Houses made of cardboard
Buying on margin When someone bought something they only paid 10% and then government paid the rest in the form of a loan.
Speculation When people bought stock they didn't know about
Buying on credit What people used for everyday goods.
Bool weevil Little bug that ate and destroyed all of the crops
Bread lines People lining up for food. The lines were really long.
Subsistence farming Growing only the crops your family needs to survive
To keep profit When the owners of a Company didn't pay their workers.
Confidence lost this caused run on the banks.
Created by: Maylis