Great Depression Review (Great Depression)
Terms in this set (13)
October 29, 1929; the day the stock market crashed
Causes of the Depression
Bank failures, ineffective government policies, stock market crash of 1929.
economic hard times that lasted from 1929-1940s
Franklin D Roosevelt
presented the American people with a New Deal to solve the problems of the Great Depression
criticism of the New Deal program because it is the belief that the government should not get involved
severe drought that worsened the Depression for people in the midwest
President at the start of the Great Depression. Believe government should not get involved in economy
A situation in which many depositors simultaneously decide to withdraw money from a bank
(1930) High-tariff law that contributed to a global economic downturn in the 1930s
The Federal Reserve
the central bank of the United States. Kept money out of circulation during the Great Depression & raised interest rates.
Created by FDR, included programs aimed at relief, recovery, and reform to help fix the Great Depression.
Closed all banks for inspection, confidence regained
radio broadcasts made by FDR to the American people to explain his initiatives