Great Depression

expenditure on luxuries on a lavish scale in an attempt to enhance one's prestige

was a government corporation, provided financial support, made loans to banks, railroads etc

Many companies simply overproduced during the 1920s. As a result, they had to

stock goes down you will lose $ and may not be able to pay back the loan is known as?

named after a Pres it controls floods, provide irrigation water and produce hydroelectric power

What problem did farmers experience during the Depression?

Name for the shanty towns that sprung up during the Great Depression

When private businesses control production in a society, we call that

idea that people should be able to help themselves and the government should not get involved

During the Great Depression, the divorce rate ___________________.

area hardest hit by the drought during the 1930's where the soil was so dry it blew away

Who won the 1932 election and will lead us out of the Great Depression (finally)

Paying for only part of the stock and borrowing the rest from the stockbroker is known as

panicked investors try to withdraw their money from banks, but the banks run out of money

When the stock market crashed in 1929, the unemployment rate rose to

October 29, 1929 is the official start of the Great Depression called.....

Banks during the 1920 risked depositors money

Huge gaps in income (top 5% controlling 70% of income), led many people in the lower classes to

In the summer of 1932 approximately 20,000 World War I veterans gathered in D.C. called?

President Hoover believed in __, not wanting to hurt people’s __ by giving economic “handouts”.

a policy of producing consumer goods that rapidly become obsolete and so require replacing

When the Great Depression began, President Herbert Hoover

refers to the line of people waiting outside a charity.