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G.D flashcards

great depression vocab.

TermDefinition
dust bowl Region of the Great Plains that experienced a drought in 1930 lasting for a decade
new deal the historic period (1933-1940) in the U.S. during which President Franklin Roosevelt's economic policies were implemented
Herbert Hoover Republican candidate who assumed the presidency in March 1929 promising the American people prosperity and attempted to first deal with the Depression by trying to restore public faith in the community.
breadlines It was embarrassing for Americans to accept aid. However, during the Depression, breadlines stretched for blocks outside of soup kitchens. This shows that the average American in the depression was having a hard time even just to eat
Shantytowns(Hooverville) Unplanned slum development on the margins of cities, dominated by crude dwellings and shelters made mostly of scrap wood, iron, and even pieces of cardboard.
Franklin D. Roosevelt(FDR) 32nd US President - He began New Deal programs to help the nation out of the Great Depression, and he was the nation's leader during most of WWII
run on banks widespread panic in which great numbers of people try to redeem their paper money
buying on margin buying stocks with loans from brokers
Speculation an involvement in risky business transactions in an effort to make a quick or large profit
Stock Market Established a system for buying and selling shares of companies.
bankrupt unable to pay debts
overproduction Producing more products than can be bought or used, and was one of the causes of the Great Depression.
surplus when you produce more than you can sell
Bonus Army consisted of WWI veterans and their families who came to DC to support the Patman Bill. This bill authorized the government to pay a bonus to WWI veterans who had not been compensated adequately for their wartime service
Republican the party Hoover was in
Created by: emayzing_19