The Great Depression Vocabulary-2021

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Insured bank deposits so that people would not lose their savings in the event of a bank failure

October 29, 1929; the day the stock market crashed; began the Great Depression

1929-1939; the dramatic decline in the world's economy; millions of people lost their jobs as banks and businesses closed around the world

New Deal program; hired unemployed men to work, cleaning up forests and planting trees

Buying stocks and borrowing money from a bank or broker; if the money was not paid back, the bank would foreclose on possessions; everyday people could now buy stock; led to stock market crash because of overextension

Poor farming practices and a severe drought led to horrible dust storms and left much of the southern Great Plains in despair

Roosevelt's attempt to load the courts with justices who supported his policies; wanted to increase supreme court justices from 9 to 15

A national banking system, established in 1913, that controls the U.S. money supply and the availability of credit in the country