11 terms

WHS US History Chapter 9 Great Depression Key Terms

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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
Consumerism
a movement to educate buyers about the purchases they make and to demand better and safer products from manufacturers
Farming Crisis
Farmers can't sell crops due to declining in sales, so they can't pay their bills causing them to lose farms when bank foreclosed or seized the property. (1920's)
Hoovervilles
Shanty towns that the unemployed built in the cities during the early years of the Depression; the name given to them shows that thte people blamed Hoover directly for the Depression.
Depression entertainment
The United States put the nation back to work, including artists and entertainers in its assistance programs. The entertainers, in turn, provided cheap or free amusements for people, which allowed them to forget about their troubles for a while which included movies, and radio shows. Big band and jazz music were increasingly popular, Walt Disney produced films America loved to see, radio broadcasting, Vaudeville, newspapers.
Depression Art
Works of art and programs funded by the US treasury Dept created to help provide economic relief to citizens.
American literary giants like John Steinbeck, Henry Miller, Margaret Mitchell, and F. Scott Fitzgerald published works during this period.
Stock Market Crash
(1929)The steep fall in the prices of stocks due to widespread financial panic. It was caused by stock brokers who called in the loans they had made to stock investors. This caused stock prices to fall, and many people lost their entire life savings as many financial institutions went bankrupt.
Overproduction
A condition in which production of goods exceeds the demand for them.
Credit
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Unemployment
As measured by the Bureau of Labor Statistics, the proportion of the labor force actively seeking work but unable to find jobs. The number does not usually include those who are not looking.
Dust Bowl
Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages. Dry topsoil and high winds created blinding dust storms; winds blew away crops and farms, and blew dust from Oklahoma to Albany, New York.
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