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The Great Depression
The great depression was an economic slump in north american europe and other areas. It began in 1929 and made it way through 1940. The united sates economy was in a serve decline and million of americans were unemployed. -
Supply and Demand
The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price determine prices of goods and service in the market economy. -
Black Tuesday
October 29, 1929. On this date, share prices on the New York stock exchange completely collasped, the stock prices fell sharply. Black tuesday became a pivotal factor in the emergency of the great depression. -
Dust Bowl
The region, including Texas, Oklahoma, Kansas, Colorado and New Mexico. An area of land where vegetation has been loast and soil reduced to dust and eroded, expecially as a conaequence of drought or unsuiatble farming practice. -
Herbert Hoover
Herbert Hoover was the 31st president of the united states from 1929-1933 durig the great depression. -
Unemployment
Unemployment was the main cause of the great depression, during the 1930's was when the depression rate hit its lowest ever. By 1933 unempoment rate was 25% -
Buying on Margin
The purchasing of stocks by paying only a small percentage of price and borrowing the rest. Buying of stocks on margin refers to the practice of borrowing money to buyt stocks. -
Inflation
An increase in prices or decline in purchasing power caused by an increase in the supply to buy stocks. -
Speculation
An involvment in risky buisness transaction in effort to make a quick and large profit, -
Foreclosure
to take awasy the right to redeem (typically houses or farms). The action of taking possesion of a mortaged prperly when the mortagagar fails to keep their payments. -
Parity
A government supported level for the prices of agricultural products, intended to keep farmers income steady, -
Direct Relief
The giving of money or food by the governement directly to needy people. -
ShantyTown
A neighborhood of poor needy people live in makshift markets -
Defict Spending
A governemnts spending of more money then it recives, -
Demagogue
A person who gains power and popularity by abusing the emotions, passions, and prejuties of the people. -
Bonus Army
A group of WW1 veterans and their families who marched on washington D.C. in 1932 to demand the immediate payment of a bonus they had been promised for military serice. -
Hawley smoot tariff
Was an act impelemnting protectionist trade policies sponsored by senator reed smoot and representative wills C Hawley, The act raised U.s. tariffs on over 20,00 impoted goods. -
Bank holiday
A day or several days when banks are closed and depositors cannot withdraw money, observed as a public holiday. -
Franklin D. Roosevelt
Franklin Roosevelt was in presidential term from March 4, 1933 - April 12, 1945. The 32nd president who led the united states through the great depression and WWI. He spent most his most his life in a wheelchair and he served four terms. -
New Deal
The government needed to get the country out of the depression. Bank reform laws, emergency relief programs, work relief program. A program to alleviate the problems of the great depression focusing on relief for the needy, economic recovry, and finacial reform. President roosevelt -
Hoover dam
Highest dam in the world at 726 ft. Provided jobs and electricty and water. -
Fireside chat
The radio talk made by Roosevelt when he was in office -
New Deal
PResident roosevelt program to allivate the problems of the great depression focusing on relief for the needy, -
Tickle down Theory
is a theory that says benefitd for the wealthy tickle down to everyone, Usually tax cuts n buisness, high-income earnings, capital gains. It promises they will use any axtra cash to expand buisness growth,
