The Great Depression

Vocabulary flashcards about The Great Depression

Black Tuesday

October 29, 1929, the stock market collapsed, helping foment a financial panic that lasted into the next decade.

Hoovervilles

Shanty towns that began to crop up in every major city during the Great Depression.

Bonus Army

Veterans who gathered in Washington D.C. in the summer of 1932 to petition Congress for a bonus promised in 1924.

FDIC (Federal Deposit Insurance Corporation)

Safety Net agency that created safeguards in case of collapse- consumer accounts would now be protected.

SEC (Security and Exchange Commission)

Created in 1934 to eliminate practices such as buying on margin in the stock market.

TVA (Tennessee Valley Authority)

Agency that created multiple forms of temporary employment through investment in infrastructure.

Huey Long

Advocated direct appropriation and redistribution of wealth during the Great Depression.

Social Security

A safety net and reward for a lifetime of work, especially for the elderly who were vulnerable during the Great Depression.

CIO (Congress of Industrial Organizations)

Organization that targeted industries the AFL had neglected, revitalizing the union movement.

Court Packing

Scheme by Roosevelt after the Supreme Court resisted his policies.