APUSH Chapter 34 The Great Depression

Causes of the Great Depression
– Factories and farms produce more goods than people can buy.
– Banks make loans that borrowers cannot pay back.
– After the stock market crash, many businesses cannot find people who will invest in their growth.

Effects of the Great Depression
– Many banks fail.
– Many businesses and factories fail.
– Millions of Americans are out of work.
– Many are homeless and hungry.
– Families break up and people suffer

on margin (p.747)
practice that allows people to buy stock with a down payment of a portion of the value

Black Tuesday (p.747)
day the stock market crashed, signaling the start of the Great Depression

Great Depression (p.747)
worst period of economic decline in United States history, beginning in 1929

bankrupt (p.748)
unable to pay debts

relief program (p.750)
government program to help the needy

soup kitchen (p.750)
place where food is provided to the needy at little or no charge

public works (p.750)
projects built by the government for the public

Hooverville (p.750)
group of shacks in which homeless lived during the Great Depression

bonus (p.751)
additional sum of money

Bonus Army (p.751)
veterans who marched to Washington in 1932 to demand immediate payment of a World War I bonus

Smoot-Hawley Tariff or Hawley-Smoot Tariff (not in text)
1930 legislation under Pres. Hoover that raised import duties by as much as 50%, worsening the worldwide depression.

Works Progress Administration (WPA)
Hires jobless people to build public buildings and parks.

National Industrial Recovery Act (NIRA)
Develops rules for doing business

Truth-in-Securities Act
Regulates the stock market.

Federal Deposit Insurance Corporation (FDIC)
Insures savings accounts in banks approved by the government.

polio (p.752)
highly infectious disease that causes inflammation of the nerve cells of the brain stem and spinal cord, leading to paralysis

bank holiday (p.753)
closing of banks four days during the Great Depression

fireside chat (p.754)
radio speech given by Franklin D. Roosevelt while in office

Hundred Days (p.754)
first hundred days of Franklin D. Roosevelt’s presidency

New Deal (p.754)
program of President Franklin D. Roosevelt to end the Great Depression

Civilian Conservation Corps [CCC] (p.754)
New Deal program that hired unemployed men to work on natural conservation projects

National Recovery Administration [NRA] (p.755)
government agency set up during the Great Depression to enforce new codes designed to stabilize industry

Tennessee Valley Authority [TVA] (p.756)
New Deal program that built dams to control flooding and produce cheap electric power

Pros of Roosevelt’s New Deal
– Government has a duty to help all citizens.
– The New Deal helped the nation through the worst days of the Great Depression.
– At a time when people in other countries turned to dictators to solve problems, the New Deal saved the Nation’s democratic system.

Cons of Roosevelt’s New Deal
– Government should not interfere in business or in people’s private lives.
– New Deal spending led to increases in the national debt.
– The New Deal did not end the Great Depression.

Hardships faced by women
faced difficulty finding jobs; men usually hired before women.

Hardships faced by African Americans
often first to lose jobs; faced continued discrimination; a few leaders became advisers to President Roosevelt.

Hardships faced by Mexican Americans
faced discrimination; some forced to return to Mexico.

Hardships faced by Asian Americans
faced discrimination; competition over jobs leads to calls that they leave the country.

Hardships faced by Native Americans
faced terrible poverty; however, Congress passes new laws giving them more control over their own affairs.

Dust Bowl (p.765)
region in the central Great Plains that was hit by a severe drought

migrant worker (p.766)
person who moves from one region to another in search of work

Black Cabinet (p.767)
group of black leaders who unofficially advised President Franklin D. Roosevelt concerning the situation of African Americans

civil rights (p.767)
the rights due to all citizens

Indian New Deal (p.768)
series of laws in the 1930s that gave Native Americans greater control over their own affairs

Causes of the Great Depression – Factories and farms produce more goods than people can buy. – Banks make loans that borrowers cannot pay back. – After the stock market crash, many businesses cannot find people who will invest in …

Roaring Economy to Great Depression It made the economy weaker. What effect did the use of credit have on the economy in the 1920s? WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY $13.90/PAGE …

Causes of the Great Depression ♦Uneven distribution of wealth ♦Stock market speculation “buying on the margin” ♦Excessive use of credit ♦Overproduction on consumer goods ♦Weak farm economy ♦Government policies ♦Global economic policies Black Tuesday ♦Stock market crash (Oct. 29, 1929) …

Great Depression the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s stock market an exchange where security trading is conducted by professional stockbrokers WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC …

Laissez faire Idea that government should not interfere in the economy Hoovervilles Popular name for shanty towns built by homeless people during the great depression WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY …

Stock Market Crash October, 1929. Signaled the start of the Great Depression. Black Tuesday Another name for the Stock Market crash in October, 1929. WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY $13.90/PAGE …

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