Shared Flashcard Set

Details

The Great Depression
Ledbetter
16
Social Studies
10th Grade
05/08/2012

Additional Social Studies Flashcards

 


 

Cards

Term
Distribution of Wealth
Definition
The higher class people had tons of money and the lower class were practically peniless and they began to take lawns from stock brokers.
Term
Overproduction
Definition
This helped cause the great depression because there were so many of one item being made that the price lowered and the economy went downhill.
Term
Credit
Definition
The idea that you could buy something and pay it off overtime. If your payments weren't on time, this became worse. If it became to bad you couldn't buy things using this.
Term
Stock Market
Definition
People began to invest here and people began to "buy on margin" which is to buy using a loan and then paying the loan back in the future.
Term
Hoboes
Definition
People that became homeless/penniless during the great depression.
Term
Hoovervilles
Definition
Shantytowns or rundown towns that hoboes lived in and they were called (blank) in honor of the president at the time.
Term
Dust Bowl
Definition
Terrible sand storm that ruined farmers crops.
Term
Bank Runs
Definition
the concerted action of depositors who try to withdraw their money from a bank because they think it will fail
Term
Herbert Hoover
Definition
President during the Great Depression. Blamed for everything.
Term
Rugged Individualism
Definition
individualism in social and economic affairs; belief not only in personal liberty and self-reliance but also in free competition
Term
Government Intervention
Definition
Regulatory actions taken by a government in order to affect or interfere with decisions made by individuals, groups, or organizations regarding social and economic matters.
Term
Bonus Army
Definition
a group of 12,000 World War I veterans who massed in Washington, D.C., the summer of 1932 to induce Congress to appropriate moneys for the payment of bonus certificates granted in 1924.
Term
Fireside Chats
Definition
Broadcast across the radio by President Franklin D. Roosevelt. This broadcast assured everyone that the economy would be ok if they listened to him.
Term
First 100 Days
Definition
Days in which Roosevelt planned to change the economy the most. He was taking action and control.
Term
New Deal Agencies
Definition
agencies created during FDR's plan to fix the economy
Term
Critics of the New Deal
Definition
Included Father Charles Coughlin. Opposed the New Deal and didn't think that the president needed that much power. Included the Supreme Court. Included Huey P. Long
Supporting users have an ad free experience!