Great Depression

What was the Great Depression?

A severe worldwide economic depression that took place during the 1930s.

When did the Great Depression primarily occur?

It started in the United States with the stock market crash of October 29, 1929 (Black Tuesday) and lasted through the 1930s.

What were some major contributing factors to the Great Depression?

Key factors included the 1929 stock market crash, widespread bank failures, overproduction and underconsumption, high tariffs, and an unequal distribution of wealth.

What was 'Black Tuesday'?

October 29, 1929, the day the stock market crashed, signaling the start of the Great Depression.

What was the unemployment rate during the peak of the Great Depression in the U.S.?

At its peak in 1933, the unemployment rate reached approximately 25\%.

What was the Dust Bowl?

A period of severe dust storms that greatly damaged the ecology and agriculture of the American and Canadian prairies during the 1930s, caused by severe drought and decades of extensive farming without crop rotation or other techniques to prevent erosion.

Who was President of the United States when the Great Depression began?

Herbert Hoover.

What was President Franklin D. Roosevelt's program to combat the Great Depression called?

The New Deal.

Name two significant New Deal programs.

1. Civilian Conservation Corps (CCC): Employed young men in manual labor jobs related to the conservation and development of natural resources. 2. Social Security Act (SSA): Established a system of old-age benefits for wage earners, unemployment insurance, and aid for dependent mothers and children, and the blind.

What ultimately helped bring an end to the Great Depression?

The massive industrial mobilization and increased demand for goods and services prompted by World War II.