Great Depression Flashcards
a market that people can use to buy or sell shares of ownership in a company?
stock market
For almost all of the Roaring Twenties, the stock market was a what market?
A bull market
stock market with rising values?
bull market
stock market with decreasing values?
bear market
the process of purchasing stock with credit, hoping
to sell at a high enough price to pay the loan and make a profit
Buying on Margin
October 29, 1929, stock prices collapsed, and the U.S. market crashed. This was known as what?
Black Tuesday
Many banks what in the late 1920s and early 1930s because banks ran out of money when customers rushed to withdraw their deposits.
closed
a severe economic crisis that lasted for the entire
decade of the 1930s
The Great Depression
Hoover felt it was up to whom to offer relief during the Great Depression
private Individuals and institutions, not the government
Groups of tin and cardboard shacks built by homeless families were nicknamed?
Hoovervilles
a group of World War I veterans that demanded their
Bonus payments early
Bonus Army
Which president took active steps to provide aids during the great depression?
Franklin D. Roosevelt
In 1921 Roosevelt was struck with what?
polio
a heartbreaking and painful disease that leaves you paralyzed from the waist down.
polio
He drew on the advice of a group of progressive lawyers, economists, and social workers – known as the what to develop relief programs for
the state.
Brain Trust
famous quote of Franklin Roosevelt.
The only thing we have to fear is fear itself
Franklin Roosevelt’s legislative plan to end the Great Depression that included dramatic reforms of government agencies and powers
New Deal
what were fire chats?
When Roosevelt did speeches on the radio when he was sitting next to a fireplace in the white house
What was the FDIC?
was established to help
maintain stability in the United States financial system and insure bank deposits.
The laws passed by Congress during the Hundred Days had three major
goals, known as the “three R’s” These were:
relief, recovery, reforms
The CIVILIAN Conservation CORPS (CCC)
employed about 3 million
young men to work on projects that benefited the public, planting trees to reforest
areas, building levees for flood control, and improving national parks.
Tennessee Valley Authority (TVA)
improved the lives of people
in several states, by building dams to promote flooding and soil conservation,
as well as to provide cheap electricity.
Agricultural ADJUSTMENT ACT (AAA)
raised crop and livestock
prices by paying farmers to produce less.
Grant of money from the government to a person or a
company for an action intended to benefit the public
Subsidies
