Logo
Pattern

Discover published sets by community

Explore tens of thousands of sets crafted by our community.

The Great Depression Key Events

12

Flashcards

0/12

Still learning
StarStarStarStar

National Industrial Recovery Act of 1933

StarStarStarStar

A federal law that gave the president power to regulate industry in an attempt to raise prices after severe deflation and stimulate economic recovery.

StarStarStarStar

Dust Bowl

StarStarStarStar

Severe dust storms in the Midwest caused by drought and poor farming practices led to crop failure and mass migration, exacerbating the economic plight.

StarStarStarStar

The New Deal

StarStarStarStar

A series of programs and reforms launched by President Franklin Roosevelt to recover the United States economy, provide relief and create jobs.

StarStarStarStar

Social Security Act of 1935

StarStarStarStar

Provided a safety net for the elderly, the poor, and other vulnerable groups through pensions and unemployment insurance, fundamentally transforming American society.

StarStarStarStar

Bank Failures

StarStarStarStar

Hundreds of banks closed due to their inability to retrieve loans and faced runs from panicking depositors, exacerbating the economic collapse.

StarStarStarStar

Rise of Hoovervilles

StarStarStarStar

Named after President Hoover, these were shanty towns built by homeless people, symbolizing the poverty and failure of government policies during the early depression.

StarStarStarStar

Unemployment Rate Increase

StarStarStarStar

The decline of demand for goods led to workforce cuts, soaring the unemployment rate to around 25% at its peak, contributing to widespread poverty.

StarStarStarStar

Securities Act of 1933 and Securities Exchange Act of 1934

StarStarStarStar

These acts were established to regulate the stock market and prevent corporate abuses related to the offering and sale of securities and corporate reporting.

StarStarStarStar

Bonus Army March

StarStarStarStar

In 1932, World War I veterans marched to Washington, D.C., to demand their service bonus, their protest ended with a violent clash with the army.

StarStarStarStar

Gold Standard Abandonment

StarStarStarStar

In 1933, President Roosevelt abandoned the gold standard which allowed the government to pursue inflationary monetary policy, hoping to stimulate spending.

StarStarStarStar

Emergency Banking Act of 1933

StarStarStarStar

This act provided for the reopening of banks with federal assistance and helped restore public confidence in the banking system during the first months of the New Deal.

StarStarStarStar

Stock Market Crash of 1929

StarStarStarStar

Triggered the beginning of the Great Depression as millions of shares became worthless; led to massive financial panic and the closure of banks.

Know
0
Still learning
Click to flip
Know
0
Logo

© Hypatia.Tech. 2024 All rights reserved.