The great depression

Master the Great Depression! Match key terms and definitions.

The Great Depression Match the word(s) with their definition Stock Market Crash Black Tuesday (Oct. 29th, 1929) Hooverville Shanty towns that the unemployed built in the cities during the early years of the Depression Franklin D. Roosevelt elected president of US in 1932; created the New Deal New Deal A plan by President Franklin Roosevelt intended to bring economic relief, recovery, and reform Social Security Act An act that provided minimal sustenance to the elderly to save them from poverty. Federal Deposit Insurance Corporation (FDIC) the government agency that insures customer deposits if a bank fails Civilian Conservation Corps (CCC) New Deal program that hired unemployed men to work on natural conservation projects Agricultural Adjustment Administration Gave farmers money to reduce crop size to reduce production and bring up the value of crops Great Depression 1929 stock market crash; people had no jobs, money, food, etc. Oakies Farmers that moved from the Great Plains to California looking for better lives (especially Oklahoma) migrant workers farmers that traveled during the different seasons to get work picking fruit Black Tuesday the day the stock market crashed Causes of the Depression Bank failures, ineffective government policies, stock market crash of 1929. laissez faire criticism of the New Deal program because it is the belief that the government should not get involved Dust Bowl severe drought that worsened the Depression for people in the midwest Herbert Hoover President at the start of the Great Depression. bank run A situation in which many depositors simultaneously decide to withdraw money from a bank Hawley-Smoot Tariff High-tariff law that contributed to a global economic downturn in the 1930s The Federal Reserve the central bank of the United States. Kept money out of circulation during the Great Depression & raised interest rates. Bank Holiday Closed all banks for inspection, confidence regained Fireside Chats radio broadcasts made by FDR to the American people to explain his initiatives