| A | B |
|---|
| Great Depression | a period in which the economy was at its all time low; caused by overproduction of goods, a growing gap between the rich and poor |
| Bonus Army March | a group of WWI veterans who marched on Washington, D.C. requesting their veteran pension early; Hoover did not deal with plea properly; General MacArthur given the okay to get marchers out, ended up burning their encampment; Hoover blamed |
| Hovervilles, Hoover blankets | President Hoover's reaction to the depression was "too little, too late"; Americans blamed Hoover for their economic problems |
| Dust Bowl | a severe drought on the Great Plains throughout the 1930's that led to starvation and poverty |
| New Deal Programs | President Franklin D. Roosevelt's plan to help the U.S. out of the Great Depression; consisted of many alphabet soup programs |
| FDR's court-packing plan | FDR's attempt to increase the number of judges on the Supreme Court to 15; unsuccessful |
| "Rugged individualism" | Hoover's Republican philosophy that it was up to the American people to get out of the depression; not the job of the government |
| Social Security Administration (SSA) | one of FDR's New Deal programs giving the elderly an old-age pension |
| Federal Depositors Insurance Corporation (FDIC) | insurance on money deposited in the bank to assure Americans that it will still be there when they go to withdraw it; originally $5,000 |
| Emergency Banking Act | FDR closed all banks; inspected and reopened with insurance on people's money |
| Civilian Conservation Corp | a public works program to put men back to work during the depression because unemployment was at an all time high |
| Grapes of Wrath | a book written by John Steinbeck about the plight of people living in the Dust Bowl during the 1930s |
| Overproduction | a cause of the Great Depression in which too much product was not being sold causing underlying economic problems |
| Stock Market Crash | investors overuse of buying on margin caused the stock market to crash in 1929 |
| Federal Reserve | the "Fed" did not increase the money supply at the onset of the Great Depression causing the economy to dive even more |
| welfare state | President FDR's New Deal initiated the idea that the government needs to protect the health and the well-being of it's citizens |
| deficit spending | President FDR's New Deal required spending money that the government did not necessarily have in order to enact New Deal legislation |
