Mr. V. - Great Depression
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Created by:
bvanderh on November 10, 2011
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Great Depression Review
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Terms | Definitions |
|---|---|
 Causes of Great Depression | Unequal Distribution of Wealth High Tariffs & War Debts Overproduction Stock Market Crash & Financial Panic |
| Unequal distribution of Wealth | Nation's wealth not evenly distributed |
| Overproduction | make too much of something causing the price to go down |
| Herbert Hoover | President during the BEGINNING of the Great Depression |
| Speculating | investing in a risky business in hopes of making a large profit |
| Reasons for Stock Market Crash | Stocks Overpriced due to speculation Massive Fraud Illegal Activity Margin Buying |
| Hoovervilles | nickname given to shantytowns in the United States during the depression. Named after Pres. Hoover who was blamed for the Depression |
| Black Tuesday | October 29, 1929; the day the stock market crashed |
| Reconstruction Finance Corporation | agency established in 1932 to provide emergency relief to large businesses, insurance companies, and banks in an effort to restore credit during the Great Depression. |
| Dust Bowl | a region in the central and southern Great Plains where drought and high winds caused much of the soil to blow away. Storm clouds extended hundreds of miles. |
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