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Grade 8 - Unit 6

The Great Depression

QuestionAnswer
The Great Depression A severe economic crisis that lasted for the entire decade of the 1930s.
Business Cycle The rhythm in which the economy expands and contracts its production.
Buying on Margin The process of buying stock with credit, hoping to sell at a high enough price to pay for the loan and make a profit.
Black Tuesday October 29, 1929, one of the largest US stock market drops.
New Deal A legislative plan to end the Great Depression that included major reforms of government agencies and powers.
Fireside Chats Radio programs in which President Roosevelt explained his plan for recovery from the Great Depression.
Social Security Act A 1935 law that instituted the pension plan called Social Security.
Tennessee Valley Authority A governmental agency designed to bring jobs and electricity to rural areas.
Bonus Army A group of World War I veterans that demanded their bonus payments early.
Dust Bowl An area of the United States that suffered a severe drought during the 1930s.
Created by: dlecce
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