The Great Depression

20 terms by Virita

Create a new folder

Advertisement Upgrade to remove ads

brain trust

Group of expert policy advisers who worked with FDR in the 1930s to end the great depression

the New Deal

FDR's strategy to end the depression by trying many different employment projects to put out-of-work americans to work in government organized groups

FDR

the President of the United States during the Depression and WWII. He instituted the New Deal. Served from 1933 to 1945, he was the only president in U.S. history to be elected to four terms

Herbert Hoover

president of the U.S from 1923-1933 leader of the US in the beginning of the great depression. He didn't want the government involved in the peoples lives and thought that the people should express their individual rights.

Hooverville

Term used to describe a makeshift homeless shelter during the early years of the Great Depression

fireside chats

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.

Bonus Army

WWI veterans who marched on Washington demanding their $1,000 bonus pay.

Social Security

New Deal program which set-up pensions for older Americans.

Dust Bowl

Region of the Great Plains that experienced a drought in the 1930's, leaving many farmers without work or substantial wages.

The Grapes of Wrath

The story follows the fortunes of a poor family as they travel from the Dust Bowl region to California. based on the great depression written by John Steinbeck

FDIC

a federally sponsored corporation that insures accounts in national banks.

SEC

oversees the stock market.

Bear Market

a bad stock market.

Bull Market

a good stock market.

Buying on Margin

buying stock by paying only a portion of the full cost up-front with promises to pay the rest later

100 days

the first 3 months of FDR's presidency where he and the Congress passed many new programs to help the depression.

deficit spending

government practice of spending more than it takes in from taxes

5 main causes of the Great Depression

farm debt, overproduction, stock market crash, declining trade, and consumer debt.

"the only thing we have to fear is fear itself."

FDR said this to america during the Great Depression to tell them that they didn't have to be afraid about the economy, the only thing they had to be afraid about is being afraid.

welfare state

A system in which the government takes responsibility for its citizen's social and economic needs.

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording

Create Set