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Great Depression
Vocabulary
Term | Definition |
---|---|
21st Amendment | Amendment that repealed the Prohibition (18th Amendment) |
FDIC | Government insurance that insures customers deposits if a bank fails. |
Bank Runs | Widespread panic in which many people tried to withdraw their money from the bank on the same day. |
Bonus Army | Veterans of WW1 who marched on Washington D.C. and demanded their bonus money. |
Eleanor Roosevelt | FDR's wife and supporter of the New Deal. Changed the role of the First Lady. |
Great Depression | Economic crisis beginning with the stock market crash in 1929 and lasting into the 1930's. |
Franklin D. Roosevelt | President who greatly increased government spending (New Deal) to help Americans during the Great Depression. |
Relief, Recovery, Reform | The three goals of FDR's New Deal. |
Bank Holiday | FDR declared all banks would be closed March 6, 1933. Only financially stable banks were allowed to reopen. |
Social Security Act | Guaranteed Retirement Payment at the age of 65. Also established care for handicapped and dependent mothers and children. |
Works Progress Administration (WPA) | New Deal Agency that created jobs for workers on bridges, roads and buildings during the Great Depression. |
Causes of the Great Depression | Over production/Under consumption, increased debt, uneven distribution of wealth. |
Dust Bowl | A period of dust storms that greatly damaged farmland. Caused by poor farming practices, drought and high winds. |
Mexican Repatriation | Law approved by President Hoover to send Mexican American immigrants back to Mexico. |
Hoovervilles | Shanty towns named after President Hoover. |
New Deal | The name of President Roosevelt's programs for getting America out of the Great Depression |
Fireside Chats | Radio conversations Roosevelt had with America about what he was doing to get America out of the Great Depression. |
Black Tuesday | October 29, 1929, the day the stock market crashed. |
Bull Market | When stocks are priced high. |
Bear Market | When stocks are priced low. |