`Great Depression

stock market

the buying and selling of shares in companies

margin

purchased stocks on credit and only paying 10-15% of cash up front

speculation

buyer assumes stock prices will go up w/ no guarantee

gross national product

great depression

deepest and prolonged economic downturn with human toll

hooverville

mocking of the presidents failure to provide for Americans

black tuesday

the day the stock market dropped

why did the Bonus Army march to Washington D.C?

to get their bonus checks early

New Deal

laws, agencies, and programs designed to combat economic crisis

what were the main causes of the Dust Bowl?

wind and drought

Smoot-Halley Tariff Act

made it difficult for European businesses to sell goods in the U.S and obstructed flow of capital, goods and services

who won the election of 1929

Roosevelt

disposable income

spending money

who was president at time of Great Depression

Hoover

when did great Depression start

Oct 29,1929

Dust Bowl

storms that turned acres of land into a barren desert

National Credit Corporation

buying assets of banks that failed

4 main causes of great depression

Overproduction, unequal income distribution, lack of proper banking regulations, weak worldwide financial system