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Great Depression

TermDefinition
unequal distribution of wealth widened gap between the rich and poor, most families earned less than $2500 per year
overproduction caused prices to fall drastically
consumer debt caused by credit, rising prices, stagnant wages
speculation buying stocks and bonds hoping for quick money
buying on margin buy stacks with borrowed money
stock market crash historical event that started the depression, october 1929
bank failures banks lost people's money from stock crash and closed
unemployment increased from stock crash
underconsumption fewer gooods are purchased than produced
hawley-smoot tariff created to protect US industry
dust bowl great plains, high wind storms, drought, over plowing
psychological effect suicide rate rose 30%, increased alcoholism, 3x as many people were admitted to mental hospitals,more kindess
bonus army WWI vets go to DV for checks due to unemployment
hoovervilles shacks to house the homeless
reconstruction finance corporation action taken for businesses
mexican reparation program hoover philosophy, deport if they don't leave
emergency relief and construction funds for public works
Created by: jaidenrussell
Popular U.S. History sets

 

 



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