In 1929, the stock market crash spelled an end to the prosperity of the 1920s. The stock market crash marked the beginning of a period of economic hard times known as the Great Depression which lasted through the 1930s. During the 1920s, Many Americans had seen how some had gotten rich by investing in the stock market. They wanted to invest, too. Stock brokers made it easier to buy stock on credit by paying as little as 10% and owing the rest. This was known as buying on margin. When the stock m…
Terms in this set (...)
In October 1929, this is the day the stock market crashed, signaling the start of the Great Depression
In the 1930s, this was a period of low general economic activity marked especially by rising levels of unemployment.
A plan by President Franklin Roosevelt to help the economy recover during the Great Depression.
A system for buying and selling shares of companies
stock market crash
(October 1929 )Stock prices to fell quickly, and many people lost their entire life savings as many banks went bankrupt.
This is when people don't have a job.
He was the president when the Great Depression began. People blamed him for not doing enough.
He was the 32nd president from 1933-1945. He was president during the Great Depression and World War II.
President Roosevelt's wife. She helped him with the New Deal by talking to American citizens.
Causes of the Great Depression (reasons why we had the Great Depression)
-stock market crashed -factories and farms produce more goods than people can buy. - banks make loans that people cannot pay back.
Effects of the Great Depression (what happened because of the Great Depression)
- many banks failed - many businesses and factories failed - millions of Americans lose their job - many are homeless and hungry. - families break up and people suffer
The Social Security Act of 1935
This was a program to help older Americans during The Depression. The government gave monthly checks to older people, unemployed people and people who had a disability.
Dust Bowl States in the Midwest part of the country
Colorado, Kansas, Nebraska, Oklahoma, Texas, New Mexico.
TVA - Tennessee Valley Authority
This was part of the New Deal - the government hired workers to build about 50 dams along rivers in the South and in Tennessee to stop flooding and produce electricity.
A name for the Midwest states that had over plowing, a drought, and then large dust storms in the early 1930s. Many people left the Dust Bowl area and went to California to become migrant workers. They were called Okies.
A famous jazz musician from the Jazz Age. He recorded a song called "St. Louis Blues" with Bessie Smith.
In a factory, a product is moved from worker to worker, with each person performing a single task in the making of the product.
American businessman who started the Ford Motor Company and who invented the modern assembly lines. He DID NOT invent cars.
During the Great Depression, these were places that helped feed people that couldn't find work and had no money for food.
American pilot who made the first non-stop flight across the Atlantic Ocean in 1927
The term used when you pull out your pant's pocket to show you have no money.
The camps set up by the homeless during the Great Depression. Made from what ever materials they could find.