Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
15 Cards in this Set
- Front
- Back
|
immediate cause of Great Depression in 1929
|
Stock Market Crash
|
|
|
too many goods and not enough demand
|
overproduction
|
|
|
many farmers lost this as a result of falling farm prices
|
land
|
|
|
banks closed when people could not repay these
|
loans
|
|
|
concentration of this in hands of few people
|
wealth
|
|
|
buying on margin in stock market
|
speculation
|
|
|
Increase in personal debt; people buying too much on ___
|
credit
|
|
|
Congress kept these high on foreign goods making it hard for other countries to sell goods in US
|
taxes
|
|
|
shelters for the homeless during Great Depression
|
Hoovervilles
|
|
|
weather phenomenon that made problems worse for farmers on the Great Plains
|
Dust Bowl
|
|
|
highest import tax in history to protect US industries
|
Hawley Smoot Tariff
|
|
|
felt local governments should handle their own relief because aid would only destroy people's self-respect
|
Herbert Hoover
|
|
|
plan of Franklin Roosevelt to save the US from Great Depression
|
New Deal
|
|
|
organization that insures bank deposits; helped regain people's confidence in banking system
|
Federal Deposit Insurance Corporation (FDIC)
|
|
|
established in 1935 to provide security for people who cannot support themselves; example-old-age pensions/survivor's benefits and unemployment benefits
|
Social Security
|
