Across
- 2. created to regulate the stock market requiring honest financial reporting from companies and preventing the reckless gambling that led to Black Tuesday.
- 5. The nickname for the 1920s. A decade of economic growth, new inventions, and social change in America.
- 6. President FDR's series of programs and reforms passed during the Great Depression. Designed to provide relief to suffering Americans, recover the economy, and reform the system to prevent another crash.
- 8. purchasing stocks by only paying a small portion upfront, borrowing the rest.
- 11. October 29, 1929. The day the stock market collapsed. Billions of dollars were wiped out in a single day.
- 15. The severe worldwide economic crisis that lasted from 1929 to the late 1930s, marked by massive unemployment, bank failures, and widespread poverty.
- 16. insures people's bank deposits meaning if your bank fails, the federal government guarantees your money is safe (up to a limit).
- 20. The condition of being without a job. During the Great Depression, 1 in 4 American workers had no job.
- 21. The 31st President of the United States (1929–1933). He was president when the Great Depression began and struggled to respond effectively.
- 22. Created a federal system of payments to retired workers (when they can no longer work), unemployed workers (between jobs), and disabled Americans (who cannot work).
Down
- 1. Put young, unemployed men to work outdoors planting trees, building national parks, fighting soil erosion, and constructing trails and bridges. About 3 million men went through the program.
- 2. A place where people buy and sell shares (small pieces of ownership) in companies. When stock prices rise, investors make money; when they fall, investors lose money.
- 3. A time of economic success when many people have jobs, money, and a good standard of living.
- 4. Failure When a bank runs out of money and cannot return deposits to its customers. Over 9,000 U.S. banks failed during the Great Depression.
- 7. Borrowing money now and promising to pay it back later. Many Americans bought goods on credit during the 1920s, taking on more debt than they could handle.
- 9. paid farmers to produce LESS - reducing supply to raise prices and stabilize farm income.
- 10. Hoover's core belief that Americans should solve their own problems through hard work and self-reliance - and that government handouts would create weakness and dependency.
- 12. The 32nd President of the United States (1933–1945). He led the country through the Great Depression with the New Deal, and later through World War II.
- 13. buying stocks with borrowed money, betting prices would keep rising.
- 14. The largest New Deal program. Employed millions of Americans to build roads, bridges, schools, post offices, airports, and public buildings.
- 17. producing more goods than Americans could afford to buy.
- 18. About 20,000 World War I veterans who marched to Washington D.C. in the summer of 1932, demanding early payment of bonuses the government owed them from WWI.
- 19. Shantytowns made of cardboard and scrap metal built by homeless Americans during the Depression named after the president many blamed for their suffering.