TERM 1
Origins of Great Depression
DEFINITION 1
-Followed decade of prosperity - Destroyed American
confidence in future - General electric stock sank $396-$34 -
Median income fell to 1/2 of what it had been - Construction
spending fell -1/4 of Americans out of work - Farmers hurt
first hand - Consumer purchasing power decreased - Housing
and automotive industries slacked.
TERM 2
Great Depression
DEFINITION 2
- Decline continued because of European economic collapse
that threatened international finance and trade. - Marriage
rate, divorce rate, and birthrate dropped. - Austrian bank
closed, England abandoned gold standard. - Industrialized
world caught in depression.
TERM 3
1st new deal
DEFINITION 3
RECOVERY AND RELIEF FOR POOR AND UNEMPLOYED. -
agricultural and business regulation, inflation, public works,
price stabilization.
TERM 4
PWA
DEFINITION 4
Public Works Administration. - built hospitals, courthouses,
and schools.
TERM 5
CWA
DEFINITION 5
Civil Works Administration - People worked on state and
federal projects.
