american history

Great Depression

Period lasting from 1929 to 1941 in which the US economy faltered and unemployment soared

business cycle

Periodic growth and contraction of the economy

Herbert Hoover

Served as secretary of commerce and later as the president from 1929 to 1933 during the Great Depression. his administration‘s response to the great depression was widely criticized for its ineffectiveness.

Stock market speculation

Practice of making high risk investments in hopes of obtaining large profits

Stock market crash (black tuesday)

October 29, 1929 when stock prices fell sharply in the great crash

Hawley smoot tariff

Protective tax imports enacted by Congress in 1930 in an effort to counter the nations slide into the Great Depression

Monetary policy

controlled by the federal reserve system, and manipulates the money supply and or interest rates.

Federal reserve

Controlled the money supply and regulated banks to make them more responsible with the people‘s money.

Franklin Roosevelt

New deal

Government would play an active role in providing relief, recovery, and reform from the Great Depression

Hooverville

Improvised housing and squatted on property that they did not own like parks or vacant lots for homeless people

Bonus army

1932. The veterans wanted to get the bonus early because they needed the money, protesters did not get their bonus and were eventually forcefully removed by the US Army and a violent confrontation. This hurt Hoover’s chances for reelection.

National recovery administration

Staff collaboratively with people from both the business side and workers side, set prices for consumer goods, production levels for companies, and wages and hours for employees

civilian conservation corps

Designed to provide jobs to 18 to 25-year-old men who are heavily impacted by the Great Depression to refresh the economy and bring money back in circulation. The CCC also provides the workers with all the necessities of life that they could be unable to provide for themselves.

Works progress administration

Primary focus was to give emergency jobs to people who are unemployed during the great depression improving things like infrastructure and culture

Social security act

Sought to eliminate poverty by creating a pension system for the elderly unemployment insurance for workers who lost their jobs, insurance for victims of workplace accidents, and aid for families, the blind and other disabled Americans

Agriculture adjustment act

Premier focus was to raise prices of the cheap good President, Theodore Roosevelt, and the secretary of agriculture, Henry Wallace did their best to accomplish this.

Securities exchange commission

Provided reform for investors by making companies offering securities to the public, Tell the truth about the business the securities is being sold and the risk involved in investing. They also regulated those who sell securities.