The stock market speculated that it was only able to rise.
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2 Cause of Great Depression (A)
The agriculture became very poor, with low crop prices and low farm income.
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3 Cause of Great Depression (E)
The poor got left behind, and the rich got richer, causing uneven income distribution.
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4 Cause of Depression (OP)
There was overpopulation in the industry, leading to high inventions, and a decrease in production.
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5 Cause of Depression (B)
The increase of borrowing turned into increasing consumer debt.
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6 Cause Depression (P)
The policies created by the Government were flawed.
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Black Tuesday
A major American stock crash on Oct. 29, 1929.
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Crash of 1929
A major American stock market crash.
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Recession
When the economy shrinks for two consecutive three month periods.
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Depression
A sever downturn that lasts for years.
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Hoovervilles
A shanty town built by poor people during the Great Depression.
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Bonus Army
Gathering of 10,000-25,000 WW1 veterans
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New Deal
a series of programs and projects instituted during the Great Depression by President Franklin D. Roosevelt that aimed to restore prosperity to Americans.
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FDIC
Federal Deposit Insurance Corporation: The FDIC insured individual deposits in banks (up to $5000) to protect depositors from bank failures.
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CCC
Civilian Conservation Corps: The CCC insured jobs for 3 million unmarried young men.
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NRA
National Recovery Administration: Insured Immediate relief to the unemployed.
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WPA
Works Progress Administration: Insured millions to be employed for useful projects.
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TVA
Tennessee Valley Authority: Massive construction project in order to solve erosion problems.
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SSA
Social Security Act: Provided social safety net beneath FDR’s New Deal Economy.
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EBRA
Emergency Banking Relief Act: Allows the twelve Federal Reserve Banks to issue additional currency on good assets.
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Annihilation
Complete destruction or obliteration.
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Collaborators
A person who works jointly on an activity or project; an associate.
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Oppression
Prolonged cruel or unjust treatment or control.
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Tyranny
A government in which all power is in the hands of a single ruler.
Studied by 4 people
Note 
Flashcard (40)