13. Causes of the Great Depression

When companies produce too much of a product & can't sell it:

• Underconsumption

• Overproduction

• Regulations

When the public is unable to buy enough to keep up with how much is being produced:

• Overproduction

• Underconsumption

• Regulations

Buying products with money loaned from a bank; Makes it possible to buy expensive items without saving up for them.

• Debit

• Finance

• Credit

When banks loaned money to people to buy stocks:

• Buying on margin

• Buying on credit

• Stock forgiveness

When a large number of people began selling most of their stock; Caused panic & more people began selling their stock.

• The Great Recession

• Economic downturn

• Stock Market Crash of 1929

Environmental disaster that hit farmers on the great plains; Large dust storms made it impossible to farm:

• Great Migration

• 1930s Wind Storms

• Dust Bowl

Refers to the number of healthy people willing to work & unable to find any:

• Employed citizens

• Unemployment

• Drought

Camps of homeless people in homemade shacks:

• Hoovervilles

• Homeless shelters

• Soup kitchens

Won the election of 1932 & began his New Deal programs to try & solve the problems of the Great Depression:

• Teddy Roosevelt

• Franklin D. Roosevelt

• Herbert Hoover

A series of programs aimed at providing relief, recovery, & reform during the Great Depression:

• New Deal

• League of Nations

• Wilson's 14 Points