Great Depression flashcards

Question	Answer
Causes of the Great Depression include Image: 06f95ce2-2274-47d5-b32f-679d03f17e6c.gif (image/gif)	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

Resource summary

	Created by missweisz7 almost 10 years ago