CH 11 ~ Flashcards Vocabulary~ The Great Depression and New Deal

Front

Causes of the Great Depression

Back

1. Stock Market Crash 2. Speculation 3. Buying on Margin 4. High tariffs and war debt policies 5. Crisis in the farming industry 6. Availability of easy credit 7. Unequal distribution of income 8. Business Cycle 9. Overproduction

Front

Effects of the Great Depression

Back

- Many banks fail - Many businesses and factories fail - Millions of Americans are out of work - Many are homeless and hungry - Families break up and people suffer

Front

Buying on Margin

Back

Practice that allows people to buy stock with a down payment of a portion of the value

Front

Black Tuesday

Back

October 29, 1929 - the day the stock market crashed, signaling the start of the Great Depression

Front

Great Depression

Back

Worst period of economic decline in United States history, beginning in 1929 and lasted throughout the 1930s. Unemployment reached a record 25%.

Front

Relief Program

Back

Government program to provide immediate help to the needy

Front

Soup Kitchen

Back

Place where food is provided to the needy at little or no charge

Front

Public Works

Back

Projects built by the government to help the public

Front

Hoovervilles

Back

Group of shacks in which homeless lived during the Great Depression

Front

WPA

Back

Works Progress Administration - Agency responsible for overseeing the Emergency Relief Appropriation Act, which provided employment assistance directly to the poor. Hires jobless people to build public buildings and parks.