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Great Depression

Great Depression Unit

TermDefinition
Stock Market Crash (1929) The steep and sudden collapse of the U.S. Stock Market - Black Tuesday October 29th, 1929
Great Depression A long and severe period of time in the 1930s when the economy crashed and many people lost their jobs.
Overproduction When factories or farms make more goods than people are able to buy. Causes Prices to drop.
Underconsumption When people do not buy enough goods to keep the economy moving.
Buying on Margin Borrowing money from a broker to buy stocks, hoping the price will go up.
Protectionism A government policy that uses taxes on imported goods to protect local businesses from foreign competition.
Smoot-Hawley Tariff A high tax on imported goods passed in 1930 that ended up hurting global trade
The Dust Bowl A region in the Great Plains that suffered from severe drought and dust storms during the 1930s.
Okie Migrants Farmers from Oklahoma and nearby states who moved to California to find work after losing their farms.
Hoovervilles Shanty towns built by homeless people during the Depression, named after President Herbert Hoover.
Bonus Army A group of WWI veterans who marched to Washington D.C. to demand early payment of their service bonuses.
The New Deal A series of government programs started by President Franklin D. Roosevelt to help the U.S. recover from the Depression
The Three R's Relief (immediate help), Recovery (fixing the economy), and Reform (making rules to prevent future crashes).
Fireside Chats Radio speeches given by President Roosevelt to explain his policies and calm the public's fears.
FDIC Federal Deposit Insurance Corporation; a program that protects the money people put into banks.
Social Security Act A law that provides money to retired workers, the disabled, and the unemployed.
SEC Securities and Exchange Commission; a government agency that makes rules for the stock market.
Court-Packing Plan Roosevelt's failed attempt to add more judges to the Supreme Court to get his laws approved.
Created by: Mrs.Daley
 

 



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