the great depression

Great Depression

Period lasting from 1929 to 1941 in which the U.S economy faltered and unemployment soared

Business cycle

Periodic growth and contraction of the economy

Herbert Hoover

The president during the time of the Great Depression

Stock Market Speculation

Stock Market Crash ( black Tuesday)

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

Harley Smoot Tariff

Protective tax on 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, manipulates the money supply and/or interest rates

Federal Reserve

Franklin Roosevelt

Became the new president that helped America get out of the great depression by making the “New Deal”

New Deal

The government would pay an active role in providing relief, recovery and reform from the great depression

Hooverville

Improvised housing and squatted on property they did not own, like parks or vacant lots

Bonus Army

By 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 in violent confrontation that left 2 people dead

• this hurt Hoover’s chance of reelection

National Recovery Administration

Staffed collaboratively with people from both the business side and workers’s side, set prices for consumer goods, production level for companies, and wages and hours for employees

Civilian Conservation Corps

Provided relief to those who have no employment by providing young men with jobs around the country and sending their families money

Works progress administration

Designed to provide jobs for millions of Americans while simultaneously improving the nation’s infrastructure and enriching its cultural landscape

Social Security act

Provided financial security for vulnerable groups, such as elderly, children, and disabled people

Agricultural adjustment act

Raise prices by reducing the supply of farm goods, in other for major farms “domestic allotment”

Securities exchange commission

Federal deposit insurance corporation

National labor relations act; Wagner Act

France’s Perkins

Black Cabinet

Indian New Deal

Welfare State

Fireside Chat