25.1 Great Depression

Tuesday, October 29, 1929

elected President in 1932, during the Great Depression

put in place

People who could not afford a stock’s full price began

gave unemployment assistance to many out-of-work New Yorkers

purchasing stock on credit

used force, including tear gas and tanks, to scatter the veterans. of the Bonus Army

October 29, 1929, when the stock market crashed

cycle of economic activity

lived in a Hooverville in Washington, D.C.

WWI veterans who demanded early payment of a military bonus

era of economic depression leading to poverty for many Americans

did not believe that it was the federal government’s role to provide direct relief to Americans

A market with declining stock prices is known as a

For most of the 1920s, the stock market was a ________ with rising stock values