Great Depression

October 29, 1929 - the stock market crashed to near zero, sending many people to bankruptcy in a single day

• Black Tuesday

• Depression

• default

• Prohibition

A period of great economic turmoil where many people have no money or no jobs

• Depression

• escapism

• default

• Great Migration

World War I veterans who marched on Washington to get payment, but were then kicked out and abused

• Bonus Army

• Veterans Club

• World War Heros

• Shanty Veterans

A collection of government programs created by Franklin D. Roosevelt to help end the Great Depression

• New Deal

• stock exchange

• Great Migration

• installment plan

A severe drought in 1931 that hit the Great Plains that lasted for nearly a decade

• Dust Bowl

• Harlem Renaissance

• New Deal

• Black Tuesday

How did supporters of the New Deal feel about FDR?

• They had no respect for FDR

• He steered the nation through the worst days

• He steered the nation into a terrible position

• He was not a good leaders

Still in effect today: act that created a workers pension fund

• Social Security

• Public works

• Unemployment

• Townsend Plan

The New Deal consisted of three goals

• relief, recovery, and reform

• Life, liberty, and pursuit of happiness

• relief, dreams, life

• reform, liberty, recovery

During the Stock Market crasch of 1929,

• investors quickly bought more stocks to ensure a profit.

• stock prices fell, causing billions of dollars to be lost.

• stores hired more employees to capitalize on consumer demand.

• banks loaned money to homeowners to cover their mortgages.

What forced banks to close during the Great Depression?

• Huge amounts of inflation

• War in Europe

• Investors unable to pay loans and bank runs

• Not enough people invested in the Stock Market