Great Depression Vocab

Recession

Period of economic with a decline in GDP that lasts two quarters

Buying stocks “on margin”

Buying stocks was easy money and investors borrow a portion of the of the purchase price to buy stocks .

Gold standard economy

Currencies turned to gold and was a contributing factor

President Hoover

31st President who focused on limited government intervention and encouraged voluntary cooperation

President Teddy Roosevelt

President in 1933 during Great Depression until 1945. Put new deal programs to help with relieving, recovering, and reforming

Roosevelts Fireside chats

Series of evening radio addresses that addressed at calming public fears and calming everyone

(TVA) Tennessee Valley Authority

Improving the economic and social well being of the Tennessee River Valley by addressing issues

Black Tuesday and Black Thursday

Marked the beginning of the Depression and refers to the two major stock market crashes . Thursday 13 million shares were traded and on Tuesday 16 million shares were traded and billions