The Great Depression

Black Tuesday

In October 1929, this is the day the stock market crashed, signaling the start of the Great Depression

Great Depression

In the 1930s, this was a period of low general economic activity marked especially by rising levels of unemployment.

New Deal

A plan by President Franklin Roosevelt to help the economy recover during the Great Depression.

stock market

A system for buying and selling shares of companies

stock market crash

(October 1929 )Stock prices to fell quickly, and many people lost their entire life savings as many banks went bankrupt.

Unemployment

This is when people don't have a job.

Herbert Hoover

He was the president when the Great Depression began. People blamed him for not doing enough.

Franklin Roosevelt

He was the 32nd president from

1933-1945. He was president during the Great Depression and World War II.

Causes of the Great Depression (reasons why we had the Great Depression)

-stock market crashed

-factories and farms produce more goods than people can buy.

- banks make loans that people cannot pay back.

Effects of the Great Depression (what happened because of the Great Depression)

- many banks failed

- many businesses and factories failed

- millions of Americans lose their job

- many are homeless and hungry.

- families break up and people suffer

The Social Security Act of 1935

This was a program to help older Americans during The Depression. The government gave monthly checks to older people, unemployed people and people who had a disability.

TVA - Tennessee Valley Authority

This was part of the New Deal - the government hired workers to build about 50 dams along rivers in the South and in Tennessee to stop flooding and produce electricity.

Louis Armstrong

A famous jazz musician from the Jazz Age. He recorded a song called "St. Louis Blues" with Bessie Smith.

Assembly line

In a factory, a product is moved from worker to worker, with each person performing a single task in the making of the product.

Henry Ford

American businessman who started the Ford Motor Company and who invented the modern assembly lines. He DID NOT invent cars.

Soup kitchens

During the Great Depression, these were places that helped feed people that couldn't find work and had no money for food.

Hoovervilles

The camps set up by the homeless during the Great Depression. Made from what ever materials they could find.