| A | B |
|---|
| Great Depression | the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s |
| Industrial Overproduction | One of the causes of the Great Depression. Industries increased their productive capacity to produce and sell more goods. |
| Underconsumption | One of the causes of the Great Depression. After the Stock Market collapse in October 1929; consumers quit spending except for absolute necessities creating a surplus of goods in the market place. |
| Stock Market Speculation | Buying stocks for the sole purpose of reselling them once they increase in value. |
| Stock Market Crash of 1929 | A severe downturn in stock prices that occurred in October of 1929 in the United States leading to the Great Depression |
| Dust Bowl | Region of the Great Plains that experienced a drought in 1930 lasting for a decade; leaving many farmers without work or substantial wages. |
| Unemployment | the state of not having a job even when actively seeking one |
| Hoovervilles | Shanty towns that the unemployed built in the cities during the early years of the Depression. |
| Consumer overspending | One of the causes of the Great Depression. With cash to spend after World War I; Americans went on a spending spree. The development of the national consumer market in the United States and the advent of consumer credit further encouraged spending. |
| Banking Panic | As unemployment increased; depositors began to withdraw more and more of their savings from their bank. |
| Homestead Act | 1862 - Provided free land in the West to anyone willing to settle there and develop it. Encouraged westward migration. |
| Okies | Displaced farm families from the Oklahoma dust bowl who migrated to California during the 1930s in search of jobs. |
| Soil Conservation Act | Laws mandating proper soil maintenance to make sure that another dust bowl was avoided. |
