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Great Depression

TermDefinition
Bank Holiday All the banks were ordered to close until new laws could be passed
Black Tuesday October 29, 1929; the day the stock market crashed.
Dust Bowl A drought in the 1930s that turned the Great Planes very dry.
Fireside Chats radio broadcasts made by FDR to the American people to explain his plans
New Deal The name of President Roosevelt's program for getting the United States out of the depression
pump prime economics This theory states that it was the government's responsibility to support the people, especially those in most need of help. Plans would give governmental funding to projects that would give people jobs, food, & money at the bottom of society first.
Relief, Recovery, Reform Three components of the New Deal. Relief - immediate Recovery - temporary Reform - permanent
Rugged Individualism Herbert Hoover's belief that people must be self-reliant and not depend upon the federal government for assistance.
Trickle Down Economics Hoover's strategy battling the Great Depression in which the money is given to the big corporations and eventually they will pay their workers more, and then the workers will spend their money and save the economy.
stock market a system for buying and selling stocks in corporations
unemployment the number of people who are actively looking for work but aren't currently employed
Created by: user-1910347
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