Great depression Flashcards
The Great Depression
The worst period of economic decline in the United States history, beginning in 1929
Stock Market
an exchange where security trading is conducted by professional stockbrokers and where company stocks are bought and sold.
Black Tuesday
October 29th, 1929
Day the stock market crashed, signaling the start of the Great Depression
Hoovervilles
group of shacks in which homeless lived during the Great Depression
Dust Bowl
The region in the central Great Plains that was hit by a severe drought
New Deal
series of new laws and programs introduced by President Roosevelt during the depression to create jobs and improve the economy. things like P.W.A. and W.P.A.
bankrupt (p.748)
unable to pay debts
relief program (p.750)
a government program to help the needy
Recovery
Recovery of the economy. Creating jobs and helping businesses grow by restarting the flow of consumer demand
Reform
Reform of the financial system to ease the economic crisis and introducing permanent programs to avoid another depression and insuring against future economic disasters