A | B |
Depression | period of time with severe economic troubles |
Stock Market | PLACE where stocks are sold |
NYSE | New York Stock Exchange |
Interest | Percentage of $ banks pay TO customers who keep their money there |
Overproduction | Making too much "stuff" to sell |
Stock Market Crash date | October 29, 1929 |
AAA | Agricultural Adjustment Act - raised crop prices |
TVA | Tennessee Valley Authority - built dams to create electricity |
FDIC | Federal Deposit Insurance Corp. - insured $ in banks |
SSA | Social Security Admin. - govt. provides $ for elderly, unemployed, blind, disable |
SEC | Securities & Exchange Comm. - Makes businesses follow rules for selling stocks |
FDR | Franklin Delano Roosevelt-elected pres. in 1932 |
Eleanor Roosevelt | Wife of FDR. Worked hard for women & African Americans |
Herbert Hoover | President in 1929 when Great Depression began |
Hoovervilles | run down "shanty" towns |
Dust Bowl | Great Plains states struck by dust storms during Great Depression |
Black Tuesday | Nickname for date of stock market crash |
Soup Kitchen | Places that gave food to unemployed people |
Fireside Chat | Weekly radio broadcast by FDR |
GOBS | Reasons why Great Depression happened |
The New Deal | A series of govt programs to help get out of Grt. Dep. |
Why stock prices rise & fall | RISE when more BUYERS. FALL when more SELLERS |
Why banks closed | Everyone tried to take out their $ at same time |