Unit 6 - 1930s Flashcards
Stock Market Crash
A severe drop in
stock values
Consumers
• People who buy stuff
The Dust Bowl
The great plains were a desert
Soup Kitchens
Served food to poor people
Bonus Army
WWI Vets–protested in Washington–
wanted bonus checks–got gassed
Shantytowns/Hoovervilles
Homeless settlements–named for
President Hoover
Franklin Roosevelt
President 1933-1945–Made “New Deal”
reforms
New Deal
FDR’s Plan to end the Depression--greatly increased the size of the federal government Examples: CCC, FDIC, SEC, Social Security (slides about these to follow)
CCC
Civilian Conservation Corps
Government Program–jobs to young men
on conservation projects
SEC
Securities & Exchange Commission
Regulates the stock market to prevent
abuse
FDIC
Federal Deposit Insurance Corporation
Insures bank deposits up to $250,000
SSA
Social Security Administration
Provides Old-Age and Disability insurance
Subsidy (Subsidies)
• Monetary support from the government
• Examples: food stamps; the government giving
farmers money to encourage them to grow
certain foods