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Great Depression flashcards

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Flashcards on Great Depression flashcards, created by missweisz7 on 15/01/2015.
missweisz7
Flashcards by missweisz7, updated more than 1 year ago
missweisz7
Created by missweisz7 about 10 years ago
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Causes of the Great Depression include 1. stock market crash 2. Excess use of credit-buying on margin 3. decline in farm prosperity 4. overproduction and underconsumption 5. uneven distribution of income 6. shrinking international trade 7. banking is unregulated
Hoovervilles nickname given to poor communities
Hoover president at the time of the Great Depression
Trickle Down Economics belief that economic growth depends on making increased amounts of capital-money available to big businesses
Bonus Army World War One veterans (people who served in the army) protest to be paid for their services. Hoovers response to the Bonus Army caused him not to be reelected.
Republican Presidents (Coolidge, Hoover) Don't believe in giving people services because they believe it'll destroy individual initiative.
Individual initiative Peoples motivation to make money
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