The Great Depression Study Guide

Great Depression
the economic crisis and period of low business activity in the U.S. and other countries, roughly beginning with the stock-market crash in October, 1929, and continuing through most of the 1930s.

Stock Market Crash
Spark of the Great Depression. Stock became very popular in the 1920’s, then in 1929 it took a steep downturn and many lost their money and hope they had put in to the stock.

Causes of Depression
Farmer debt, Consumer debt, more goods then buyers, and decline in over seas trade

Reflief
A category of programs that Roosevelt created that help the poor, homeless and needy people

Recovery
rebuilding the economy, getting people’s jobs back

Reform
changing the way the economy, government, and society operates so something like the Depression couldn’t happen again.

Brain Trust
a group of progressive lawyers, economists and social workers who advised President Roosevelt

The New Deal
The programs and policies to promote economic recovery and social reform introduced during the 1930s by President Franklin D. Roosevelt

The Second New Deal
This was another period of massive legislation to improve the American economy. However, this one was aimed at ordinary people, and it provided more social welfare.

Hundred Days
the special session of Congress that Roosevelt called to launch his New Deal programs. The special session lasted about three months: 100 days.

PWA
Public Works Administration. Part of Roosevelt’s New Deal programs. Put people to work building or improving public buildings like schools, post offices,etc. Reform

AAA
Agricultural Adjustment Administration: attempted to regulate agricultural production through farm subsidies; ruled unconstitutional in 1936; disbanded after World War II. Recovery

CCC
Civilian Conservation Corps. It was Relief that provided work for young men 18-25 years old in food control, planting, flood work, etc. Relief

NIRA
1933 National Industrial Recovery Act. Recovery. Created NRA to enforce codes of fair competition, minimum wages, and permit collective bargaining of workers. Reform

NRA
National Recovery Administration: established and adminstered a system of industrial codes to control production, prices, labor relations, and trade practices Reform

TVA
(Tennessee Valley Authority Act) Relief,one of the most important acts that built a hydro-electric dam for a needed area.

FDIC
Federal Deposit Insurance Corporation: A federal guarantee of savings bank deposits. Reform

Social Security
federal program that provides monthly payments to people who are retired or unable to work

Unemployment Rate
the percentage of the labor force that is unemployed

Herbert Hoover
President from 1929 to 1933, called on businesses to help solve the situation rather than the government. Americans felt he did little to help them. He believed the depression would pass.

FDR
Roosevelt, the President of the United States during the Depression and WWII. Served from 1933 to 1945, married to Eleanor Roosevelt

Court Packing Plan
President FDR’s failed 1937 attempt to increase the number of US Supreme Court Justices from 9 to 15 in order to save his 2nd New Deal programs from constitutional challenges

Hoovervilles
shanty-towns that housed many who had lost everything. Shelters were built of old boxes and other discards.

Buying on Margin
Purching stock with a little money down with the promise of paying the balance at sometime in the future

Bonus Army
Group of WWI vets. that marched to D.C. in 1932 to demand the immediate payment of their goverment war bonuses in cash

Eleanor Roosevelt
wife of Franklin Roosevelt and a strong advocate of human rights (1884-1962)

Security Exchange Commission
independent agency of the government that regulates financial markets and investment companies

Black Tuesday October 29, 1929; Stock Market Crash “Okies” name given to migrants fleeing the Dust Bowl WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY $13.90/PAGE Write my sample Bonus Army group of …

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) …

What industrial weakness signaled a declining economy in the 1920s? Key basic industries: railroads, textiles, and steel barely made a profit. Railroads lost business due to new transportation – trucks, buses, automobiles Credit An arrangement in which consumers agreed to …

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Works Progress Administration (WPA) Hires jobless people to build public buildings and parks. New Deal program of President Franklin D. Roosevelt to end the Great Depression WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR …

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