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Rugged Individualism

The belief that all individuals, or nearly all individuals, can succeed on their own and that government help for people should be minimal. Popularly said by Hertbert Hoover.

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.

The Dust Bowl

Years of unsound agriculture practices combined with,Drought during 1930s,Millions of pounds of,topsoil blown away from Texas to Dakotas,Farming nearly impossible ,Hundreds of thousands of farmers migration from Great Plains to West Coast

Hoover Dam

large dam built to be used as an energy source and to create jobs during the Great Depression

shantytowns

little towns consisting mostly of shacks, also called Hoovervilles;Homes for the homeless.

Bonus Army

WWI veterans who marched on Washington demanding their $1,000 bonus pay before the 1945 due date.

Lassiez-Faire

policy that government should interfere as little as possible in the nations economy

Bread Lines

lines of people waiting to receive food provided by charitable organizations or public agencies

Hawley-Smoot Tariff

charged a high tax for imports thereby leading to less trade between America and foreign countries along with some economic retaliation

Black Tuesday

October 29, 1929; the day the stock market crashed. Lead to the Panic of 1929.

Price Support

a government subsidy used to maintain prices at a certain level

Buying on Margin

An option that allowed investors to purchase a stock for only a fraction of its price and borrow the rest

Trickle-Down Economics

Economic theory that holds that money lent to banks and businesses will extend down to consumers.

Speculation

risky buying and selling of stocks in the hope of making a quick profit

Federal Loan Home Bank Act

law passed in 1931 to reduce mortgage rates to save farmers from foreclosure

Reconstruction Finance Corporation

an independant agency of the United States government. It granted over 2 billion dollars to the local and state governments. It was charted under the Herbert Hoover administration.

Superficial Prosperity

false wealth; a rise in business that widens the gap between the rich and poor. Everything looks fine, but it is really not.

Herbert Hoover

Republican candidate who assumed the presidency in March 1929 promising the American people prosperity and attempted to first deal with the Depression by trying to restore public faith in the community.

John Steinbeck- The Grapes of Wrath

1939 - Steinbeck's The Grapes of Wrath was about "Okies" from Oklahoma migrating from the Dust Bowl to California in the midst of the Depression.

Installment Plan

A payment plan that allows customers to make payments at set intervals over a period of time until the total debt is paid

Flickr Creative Commons Images

Some images used in this set are licensed under the Creative Commons through Flickr.com. Click to see the original works with their full license.

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