1930s Vocab

Average stock prices of major industries

• Dow Jones Industrial Average
• Black Tuesday
• Deficit spending
• National debt

A term referring to the period between 1929 and 1941 that was characterized by the most severe period of economic downturn in U.S. history

• Great Depression
• Hooverville
• Sit-down strike
• Second New Deal

Oct 29, 1929 panicked investors raced to pull their money from the stock market as the great crash began

• Dow Jones Industrial Average
• Great Crash
• Black Tuesday
• Penny auction

The collapse of the American stock market in 1929

• Dow Jones Industrial Average
• Black Tuesday
• Hooverville
• Great Crash

A word used to describe shanty towns of homeless people made up of shacks made from scrap material/whatever they could find that began popping up in the 1930s. They were named after the president in office when the Great Depression began.

• flapper
• Hooverville
• The American Liberty League
• RFC

When some farmers secretly made plans to help each other when banks foreclosed on another farmer’s property. At the bank auction selling off the property, they would keep bids low, buying land and machinery for pennies and then returning it to the owner.

• Hooverville
• Penny auction
• Bootlegger
• 21st Admendment

This repealed prohibition in 1933

• The twenty-first admendment
• The Wagner Act
• The New Deal
• The Second New Deal

Highest import tax in history, put in place to protect domestic industry against foreign imports, but it backfired when European countries raised their own tariffs in response.

• Hawley-Smoot tariff
• Wagner Act
• The Twenty-First Admendment
• Hooverville

This program was put in place by the Hoover administration in response to the depression. It gave government credit to institutions like major industries, railroads, and insurance companies including to banks. It was based in the idea that prosperity at the top would help economy as a whole.

• Public Works Program
• Reconstruction Finance Corporation (RFC)
• Hawley-Smoot tariff
• Twenty-first amendment

Term referring to FDR’s relief, recovery, and reform programs. FDR promised the country a _______.

• New Deal
• Second New Deal
• Twenty-First Admendment
• Wagner Act