The Great Depression of 1929

The Great Depression

A severe worldwide economic downturn that began in 1929 and lasted for about a decade.

Black Tuesday

The stock market crash of October 1929 that marked the beginning of the Great Depression.

Unemployment rate during the Great Depression

Soared to about 25% in the U.S.

Dust Bowl

Drought conditions that exacerbated agricultural decline during the Great Depression.

New Deal policies

A series of economic recovery policies introduced by President Franklin D. Roosevelt in the 1930s.

Impact of the Great Depression on global trade

Global trade declined significantly as a result of the economic downturn.

Lasting impact of the Great Depression

Shifted government’s role in economic intervention and welfare.

Hoovervilles

Shanty towns built by homeless people during the Great Depression.

Causes of the Great Depression

Stock market crash, bank failures, and overproduction.

Agricultural Adjustment Act (AAA)

A New Deal program designed to boost agricultural prices by reducing surpluses.

Civilian Conservation Corps (CCC)

A public work relief program for unemployed men during the Great Depression.

Works Progress Administration (WPA)

Employed millions of job-seekers to carry out public works projects.