The Great Depression & the New Deal

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Presentation transcript:

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)