Unit 6b: The Great Depression Flashcards
Black Thursday
October 24, 1929: nervous investors dumped their stocks all at once to remove their money from the market plummeting the value of stocks and the market itself
Black Tuesday
October 29, 1929: second day in which the market drops remarkably from the removal of stocks
rugged individualism
the idea that one can help themselves out of their own troubles; philosophy used by President Hoover putting the ownership of getting out of the depression on oneself and not expecting the government to help out
Stock Market
an exchange where security trading is conducted by professional stockbrokers and where company stocks are bought and sold
Buying on Margin
the purchasing stock with a little money down with the promise of paying the balance at sometime in the future; borrowing money to buy stocks.
Hoovervilles
shanty towns that the unemployed built in the cities during the early years of the depression; the name given to them shows that the people blamed Hoover directly for the depression
Dust Bowl
the geographic area, including the Texas panhandle, hardest hit by the drought during the 1930s where the soil was so dry it blew away in great clouds of dust
Fireside Chat
the informal radio conversations Roosevelt had with the people to keep spirits up. it was a means of communicating with the people on how he would take on the depression
New Deal
series of new laws and programs introduced by president Roosevelt during depression to create jobs and improve the economy. things like P.W.A. and W.P.A
Franklin Roosevelt - FDR
A Democrat who became the United States president in 1933; his program to alleviate the problems of the Great Depression became known as the “New Deal” and he remained president through WWII
Civilian Conservation Corps
the CCC was a New Deal program created by the unemployment relief act. It provided employment in government camps for 3 million men. The work they were involved in included reforestation, fire fighting, flood control, and swamp drainage
Herbert Hoover
was the president of the U.S from 1923-1933 leader of the U.S in the beginning of the Great Depression. He didn’t want the gov involved in the peoples lives; becomes the “Most hated man in America by 1932”: loses the Election of 1932 by a landslide
Bonus Army
veterans who marched to Washington in 1932 to demand immediate payment of a World War I bonus
bank holiday
President Roosevelt’s plan to restore the American faith in banks: closed the banks for four days for money to be printed and put back into the banking system
Hundred Days
first hundred days of Franklin D. Roosevelt’s presidency; has become the standard for judging the efficiency of a President
