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| One cause of the Depression - there was too much supply and too little demand in goods made by industry and farmers' agricultural products | ||
| Between the Dust Bowl, bankruptcy, overproduction and other factors, these helped on the Great Depression by just clobbering our country's farmers | ||
| As with the markets in California and Florida, home prices collapsed and banks were forced to foreclose on people who couldn't pay their mortgages. | ||
| Between racking up too much debt, thinking good times were always going to stick around, and speculating too much in both the housing and stock markets, America's consumers played their part in the Great Depression | ||
| Black Tuesday -- October 29, 1929; the day the stock market crashed, generally agreed as the start of the Great Depression and certainly one of the biggest causes of the whole calamity | ||
| With their poor choices in making loans and their inability to protect their depositors' funds in the crisis, the U.S. banking system failed -- panics/runs riddled the country as Americans lost trust & chose to put their money "under the mattress" instead of in a bank. | ||
| Economic policy meaning to "leave alone"; let supply and demand control the outcome and government stays out of the process | ||
| Economic policies should benefit big business; Cut taxes for those up high, and the money will trickle down to the lower classes | ||
| Between European banks who couldn't make good on their loans to the tariffs which countries erected in the hopes to protect their industries, the global financial system also helped bring on the Depression | ||
| Veterans from WWI sought their pensions before they were too old to use them; they were denied and were run out of Washington (violently, by Gen. MacArthur) | ||
| Period at the start of Franklin D. Roosevelt's presidency in 1933, when many New Deal programs were passed by Congress | ||
| To buy stock by paying only a fraction of the stock price and borrowing the rest | ||
| Financial failure caused by an inability to pay one's debts | ||
| A share of ownership in a corporation | ||
| FDR's programs to combat the Great Depression that used government spending to stimulate the economy; increased power of the state and the state's intervention in U.S. social and economic life. | ||
| Using borrowed money to fund government programs | ||
| Theory based on the principles of John Maynard Keynes, stating that government spending should increase during business slumps and be curbed during booms. | ||
| Brief period during which every bank in the country was required to close by FDR - banks were examined, and the ones that could stay open, did. | ||
| Roosevelt was the first president to effectively use the radio to speak directly to the nation to help instill confidence in the government. He used this to explain to the American people in simply language the measures the government was taking to bring America out of the Great Depression. | ||
| Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages. | ||
| 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. | ||
| Democratic candidate who won the 1932 election by a landslide & eventually was elected to four terms. He pledged a present a "New Deal" to the American public, and his policies redefined the relationship of the federal government to the economy. | ||
| Wife of FDR who helped him monitor New Deal programs and became a strong voice for women and minorities; a great humanitarian and the "world's first lady" | ||
| An act passed in 1935 gave government-payed pensions to American citizens over the age 65 as well as provided help for the unemployed, the disabled, and the needy. | ||
| An independent federal agency that oversees the exchange of stock to protect investors | ||
| Agricultural Adjustment Administration: attempted to regulate agricultural production through farm subsidies | ||
| Work Progress Administration: Massive work relief program funded projects ranging from construction to acting | ||
| Civilian Conservation Corps : Provided jobs for young men to plant trees, build bridges and parks, and set up flood control projects | ||
| Federal Deposit Insurance Corporation: a federally sponsored corporation that insures accounts in banks | ||
| Tennessee Valley Authority: a New Deal program that built dams to provide cheap electricity to Southern states, set up schools, & health care centers |
