Depression Vocabulary

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Depression

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A long and severe recession in an economy or market.

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Recession

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A period of temporary economic decline during which trade and industrial activity are reduced.

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Unemployment

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The state of being jobless.

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Stock Market Crash

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A sudden dramatic decline of stock prices across a significant portion of the stock market.

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New Deal

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A series of programs and reforms enacted in the United States between 1933 and 1939, designed to combat the Great Depression.

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Dust Bowl

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A period of severe dust storms that greatly damaged the ecology and agriculture of the American prairies during the 1930s.

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Hoovervilles

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Shantytowns built by unemployed and destitute people during the Great Depression.

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Fireside Chats

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A series of evening radio addresses given by U.S. President Franklin D. Roosevelt between 1933 and 1944.

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Public Works

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Construction projects financed by the government for public use or benefit.

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Social Security

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A federal insurance program that provides benefits to retired people and those with disabilities.