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GD flashcards
Great Depression flashcards
Term | Definition |
---|---|
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. |