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13 terms

Great Depression & The New Deal

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Overproduction
Caused farmers to recieve low prices for crops
Unregulated stock market
Led to practices such as speculation, buying on a margin and abuse of credit which casued "Black Tuesday"
"Black Tuesday"
Stock market crash, immediate cause of the great depression
Causes of the Dust Bowl
Overproduction & Drought
Location of he Dust Bowl
Mid West
President Hoover
Rebublican who was blamed for the Great Depression
"Hoovervilles"
Shantytowns were the unemployed lived
Bonus Army
WWI veterans who were mistreated by Hoover
Deficit Spending
When the govt. spends more money than it takes in by taxes, causes a national debt
Federal Depository Insurance Corp (FDIC)
Restored people's faith in the bank by insuring deposits up to $100,000
Securities Exchange Commision (SEC)
Regulated the stock market and restored the faith of investors
New Deal
FDR's social service programs that helped the poor and raised the national debt
CCC WPA
Alphabet Agencies that addressed the issue of unemployment