Installment Plan - buying an item on credit with a monthly plan to pay off the value of the good, Herbert Hoover - President of the US when the stock market crashed, Dust Bowl - A nickname for the Great Plains regions hit by drought and dust storms in the early 1930s, Hoovervilles - a shantytown built by unemployed and destitute people during the Depression of the early 1930s., Causes of the Dust Bowl - 1) drought 2) over use of land 3) high winds, Black Tuesday - October 29, 1929; the day the stock market crashed., Okies - the farmers, who in the Great Depression, were forced to move, many moved to California, The Grapes of Wrath - John Steinbeck's novel about a struggling farm family during the Great Depression., gap between rich and poor - income inequality, disparities in the distribution of wealth and income., Underconsumption - a situation in which people are purchasing fewer goods than the economy is producing, Stock Market Crash of 1929 - Plunge in stock market prices that marked the beginning of the Great Depression, Rugged Individual - Herbert Hoover's belief that people must be self-reliant and not depend upon the federal government for assistance., Franklin D. Roosevelt - President of the US during the Depression and WWII, creator of the New Deal, The New Deal - series of reforms enacted by the Franklin Roosevelt administration between 1933 and 1942 with the goal of ending the Great Depression., Bonus Army - Group of WWI vets. that marched to D.C. in 1932 to demand the immediate payment of their goverment war bonuses in cash, Fireside Chats - informal talks given by FDR over the radio; sat by White House fireplace; gained the confidence of the people, Bank Failures - When a bank ran out of $$ to pay customers who wanted to withdraw their deposits--Cause of the Depression, unemployment rate - percentage of the labor force that is unemployed, 24% during the Depression,

Causes of the Great Depression

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