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The Great Depression

QuestionAnswer
President from 1929 to 1933, called on businesses to help solve the situation rather than the government. Americans felt he did little to help them. Herbert Hoover
An option that allowed investors to purchase a stock for only a fraction of its price and borrow the rest. Buying on Margin
The central banking organization of the United States. Federal Reserve System
October 29, 1929; the day the stock market crashed. Black Tuesday
A severe, world wide economic crisis which lasted from the end of 1929 to the outbreak of World War II. Great Depression
To take away the right to own property because the owner is unable to make payments. Foreclosure
Shanty towns built by the homeless during the Great Depression. Hooverville
A prolonged shortage of rainfall. Drought
Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages. Dust Bowl
Project as part of a massive public-works program; brought much needed employment to Southwest. Hoover Dam
An association formed and operated for the benefit of those using it. Cooperative
Congress set up $2 billion. It made loans to major economic institutions such as banks, insurance companies and railroads. Reconstruction Finance Corporation
Raised US tariffs, prolonged depression. Smoot-Hawley Tariff
Homeless person, traveling in search of work. Hoboes
Nickname for farmers who left Dust Bowl in search of work. Okies
The total value of of goods and services produced in a nation. Gross National Product
Created by: sweitzern2
Popular U.S. History sets

 

 



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