Great Depression Test History II
Terms in this set (43)
a long period of rising stock prices
imbalance of supply and demand
too much buying on credit
it left less money to buy more goods
stock market speculation
buying a stock anticipating that the stock will increase in value and sell it for profit
easy money plan
buying on the margin; buy a stock, pay only 10% when a stock becomes worth more, sell for a profit
stock market crash
when stock values decreased and there was a Bear Market
money owed on stocks
Black Tuesday, 10/29/1929
when the stock market crashed
swamped the market, almost no buyers
orders to sell at any price...
false; it gets worse
t or f: the great depression gets better as time goes on
banks failed, bank runs, loan delinquencies and a lot of lay-offs
Immediate Effects of the stock market crash
when people rush to the bank to withdraw their money
many people were unable to pay back their loans
President Herbert Hoover
president at the time when the stock market crashed
the years when hoover was president
hoover believed that the government shouldn't intervene directly into the economy also known as...
unemployment lines where people stood in lines for food
shantytowns were built in response to increased homelessness
people who were already in a depression in the 20's before the crash.
tidal waves of dust plagued the midwest--caused massive topsoil erosion
17,000 unemployed WWI veterans who marched on washington in 1932 to demand early payment of a promised bonus
Wright Patman Bill
the early payment of the veterans bonuses due in 1945
wright patman bill
the senate rejected the
General Douglass McAuthur
army chief of staff who was sent by Hoover who brought in calvary and tried to deal with the riots.
franklin delano roosevelt was a
1935 to 1945
FDR's presidency was from
FDR won the presidency by a
4 times total
FDR was elected
plan to end the Great Depression
closed all the country's banks from March 6-10, 1933
radio talks that FDR would do to the american people on a weekly basis
jobs, improved nation's infrastructure (roads, bridges, power plants, dams, electrical grid, indoor plumbing, etc.), tax.
provide public works jobs immediately, aid citizens with food, shelter, etc. immediately.
Securities and exchange commission (SEC)
an agency who are responsible for maintaining fair and functions of securities markets, protecting investors and helping out capital information
Glass steagall banking act (GSBA)
act that separated commercial banking from investment banking.
social securities act (SSA)
provided insurance and security more many people.
agricultural adjustment act (AAA)
paid farmers not to plant some fields to drive up prices
fair labor standards act (FLSA)
law that established minimum wage and watched child labor laws
soil conservation service (SCS)
it was made to conserve the nation's soil and water resources
Tennessee valley authority (TVA)
built dams to provide flood control and electricity.
civilian conservation corps (CCC)
organization set up to hire young, unemployed men
rural electrification administration (REA)
its purpose was to bring electricity to rural areas
public works administration (PWA)
programs that improved the nation by building roads, bridges, schools, etc.