The Great Depression

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Great Depression and New Deal

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Historians place a high value on the ideal of laissez-faire. Thus, the Depression was simply a painful but necessary market correction which would have corrected itself if left alone. To conservatives, small government means maximum freedom; and, the New Deal means the beginnings of an irresponsible and/or over-regulatory welfare state.

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Great Depression

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The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world

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Black Tuesday

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Black Tuesday refers to October 29, 1929, when panicked sellers traded nearly 16 million shares on the New York Stock Exchange , and the Dow Jones Industrial Average fell 12%. Black Tuesday is often cited as the beginning of the Great Depression.

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Dust Bowl

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The Dust Bowl of the 1930s lasted about a decade. Its primary area of impact was on the southern Plains. The northern Plains were not so badly effected, but nonetheless, the drought, windblown dust and agricultural decline were no strangers to the north. In fact the agricultural devastation helped to lengthen the Depression whose effects were felt worldwide. The movement of people on the Plains was also profound.

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Gross National Product

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The Gross National Product (GNP) is the total dollar value of all final goods and services produced for consumption in society during a particular time period. Its rise or fall measures economic activity based on the labor and production output within a country.

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Herbert Hoover

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31st President of the United States Hoover was a professional mining engineer and author. As the United States Secretary of Commerce in the 1920s under Presidents Warren G. Harding and Calvin Coolidge, he promoted partnerships between government and business under the rubric "economic modernization".

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Franklin D Roosevelt

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32nd President of the United States and a central figure in world events during the mid-20th century, leading the United States during a time of worldwide economic crisis and world war

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20th Amendment

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The terms of the President and Vice President shall end at noon on the 20th day of January, and the terms of Senators and Representatives at noon on the 3d day of January, of the years in which such terms would have ended if this article had not been ratified; and the terms of their successors shall then begin.

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New Deal

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a series of economic programs implemented in the United States between 1933 and 1936. They were passed by the U.S. Congress during the first term of Franklin Delano Roosevelt

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Frances Perkins

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he U.S. Secretary of Labor from 1933 to 1945, and the first woman appointed to the U.S. Cabinet. As a loyal supporter of her friend, Franklin D. Roosevelt, she helped pull the labor movement into the New Deal coalition.

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Fireside Chats

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Were a series of thirty evening radio speeches given by United States President Franklin D. Roosevelt between 1933 and 1944.