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Great depression
| Question | Answer |
|---|---|
| Causes of Great Depression | Overproduction, over borrowing, uneven distribution of wealth, collapse of banks |
| Effects of Great Depression | Banks and business fail, unemployment, hungry/homeless, struggling farmers, dustbowl, world-wide-depression |
| Collapse of Banks | Bad loans → Stock Market Crash → Banks Fail → Business Fail |
| Bank Holiday | All banks were closed for 4 days, only banks with enough $ to meet depositors demands could reopen. Creation of the FDIC |
| 100 Days | March 9 - June 16, 1933, Congress passes 15 new major laws |
| Dust Bowl | Spread from South Dakota to Texas, made worse by overgrazing and over plowing |
| Civilian Conservation Corps | Employed single men 18-25, paid $1 per day Planted trees, built bridges, dams, parks |
| Agricultural Adjustment Act | Government paid farmers to not grow certain crops Government paid farmers to destroy surplus animals/crops |
| Tennessee Valley Authority | Remade the Tennessee Valley by building 49 dams and deepening rivers New forests, hospitals, schools |