| A | B |
|---|
| Black Tuesday | The day the stock market crashed |
| Stock Market Crash | the rapid decrease of the prices of stocks |
| Hawley Smoot Tariff Act | The government put taxes on imported items to try to have people buy American made products |
| conservatives | believe the economy will fix itself if left alone like it has before |
| liberals | believe the government needs to get involved and take action to help fix the Great Depression |
| radicals | believe that capitalism is the problem and the government should take over decision making in the economy |
| First 100 Days | FDR and the Congress passed a record number of bills aimed at stopping the effects of the Great Depression |
| New Deal | Roosevelt's Programs aimed at bringing about the end of the Great Depression |
| The Election of 1932 | Roosevelt defeats Hoover by a large margin. (It shows that the people want the government to get involved in helping to stop the effects of the Great Depression) |
| unemployment | The most severe effect created by the Great Depression |
| overproduction | caused by improved technology, it allowed goods to be made faster and cheaper. More items were made than could be sold. |
| underconsumption | when consumers do not buy enough of the goods that have already been produced. |
| higher interest rates | a strategy used by the government to slow down borrowing which could keep people out of debt or away from risky stock market investments |
| Bonus Army | WWI vets looking to collect their retirement money to help them get through the Great Depression |
| public works projects | usually recovery efforts that give people jobs building highways, bridges, parks, and dams |
| Hoovervilles | housing made up of scrap materials that people had to seetle for when homeless. |
| relief program | provide immediate help for things like food and shelter. |
| recovery program | aimed at creating jobs which in turn would create demand. |
| reform program | a program designed to permenantly fix any of the causes of the Great Depression. |
| AAA | helped farmers by reducing production which increased prices. |
| CCC | relief program that gave jobs to men to plant trees in order to get them a paycheck. |
| Social Security Act | helped the retired workers, unemployed workers, and disabled citizens. |
| National Industrial Recovery Act | helped business owners, union workers, and the unemployed workers |
