Great Depression Flashcards
Bank Trust
College Professors who were experts on economic issues.
Bank Holiday
FDR closed every bank in the country for 4 days until they could meet their deposits.
Emergency Banking Relief Act
Only those with banks with enough funds to meet depositors demand could reopen.
Fireside Chats
Radio speeches that FDR gave from a chair near a fireplace in the White House. FDR gave 30 speeches.
New Deal
Relief for the jobless
Recovery of the economy
Reforms to prevent another depression
Over Production
Factories and Farms produced vast amounts of goods.
Weak Banks
Banks made unwise loans. For example banks lent money to invest in stock market.
Bankrupt
Unable to pay debts.
Relief Programs
Programs to help the needy.
Soup Kitchens
Places where the hungry could get a free meal.
Public Works
Projects built by government for public use. The government hired workers to build schools, construct dams, and pave highways.
Bonus
additional sum of money.
Bonus Army
Jobless veterns who marched to Washington to demand the bonus right away.