Great Depression Review Flashcards
This was caused by a lack of rain combined with high winds and poor farmer practices. This region of the great plains experienced a drought that lasted for decades.
Dust Bowl
President who took office during 1929 and believed in rugged individualism
Herbert Hoover
A new deal agency created to generate cheap electric power in a region in the United Stages. It created many dams and provided jobs as well
TVA (Tennessee Valley Authority)
Controversial idea by FDR to expand the supreme court by as many as 15. This violated checks and balances and separation of powers
Court Packing Plan
Another name for the day the stock market crashed in 1929
Black Tuesday
What were shanty towns (tent cities) named after the president and to blame him for the Depression
Hoovervilles
This act gave government paid pensions to american citizens over the age of 65 as well as provided help for the unemployed, the disabled, and the needy
Social Security Act
An agency created in 1933 that monitors the stock market and enforces laws regulating the sale of stocks and bonds
SEC ( Securities and Exchange Commission)
Customers buy goods by making a small down payment followed by monthly payments with interest
Installment plans
This provided deposit insurance, which guarantees the deposits in member banks, currently up to $250,000 per person per bank
FDIC (Federal Deposit Insurance Corporation)
Democratic candidate who won the 1942 election by a landslide and eventually elected to 4 terms. He promised a “new deal” to the american public
FDR
New deal agency that provided jobs for young men to plants trees, build bridges and parks and set up flood control projects
CCC (Civilian Conservation Corps)
FDR’s relief program to combat the Great Depression of that used government spending to stimulate the economy
New Deal
Paying a small percentage of the stock as a down payment and borrowing the rest
Buying on Margin
Veterans or WWI who marched to Washington D.C to demand the money they were promised
Bonus Army