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Great Depression

Terms in this set (18)

Great Depression
Name given to the time period after the "Roaring Twenties" where many Americans were out of work, money, and their homes.
Herbert Hoover
President blamed for the "Great Depression"
Stock Market Crash
A cause of the "Great Depression"
Overproduction
A cause of the "Great Depression"
Bad loans & buying on credit
A cause of the "Great Depression"
Foreign countries not buying American products
A cause of the "Great Depression"
Moratorium
To delay or stop something from happening
Herbert Hoover's plan to end the "Great Depression"
create jobs, give money to banks/insurance companies, buy farmers crops to increase prices
President after Herbert Hoover
Franklin Delano Roosevelt
New Deal
Name of Roosevelt's plan to get Americans out of the "Great Depression"
Bank Holiday
people could not rush to banks and take money out, closed bad banks, and inspected banks
CCC "Civilian Conservation Corps"
people 18-25 hired to plant trees, build roads, and work on flood control
AAA
Paid farmers to destroy crops, create a shortage and increase prices
NRA
Helped businesses recover. Reduced work week, created a minimum wage, and ended child labor
TVA
Employed people to work on flooding and erosion in the Tennessee River Basin
WPA
Goal of this program was to create jobs
Problems of the "Great Depression"
unemployment, layoffs, banks closed, people lost their life savings & homes
Social Security
gave pensions to elderly, money to unemployed, and benefits to people with disabilities
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