The Great Depression & the New Deal Chapter 23 1929-1941
Overproduction A situation in which the supply of manufactured goods exceeds the demand
Black Tuesday October 29th, 1929 the stock market crumbled completely
Bankruptcy A financial failure caused by a company's inability to repay its debts
The Bonus Army 20,000 WW I veterans marched to Washington D.C. to get Congress to approve a $1,000 bonus
Fireside Chats FDR’s radio talks to the people
Pensions Retirement payments
Migrant Workers People who travel from farm to farm picking crops
Dust Bowl Early 1930’s, droughts led to giant dust storms that lasted for 5 years destroying millions of acres of farm land in the southwestern plains
Collective Bargaining Negotiation between company management and a union representing workers (hours, wages, conditions)