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Hoovervilles
Unplanned slum development on the outskirts of cities, dominated by crude dwellings and shelters made mostly of scrap wood, iron, and even pieces of cardboard. -
Smoot- Hawley Tariff
Legislation passed in 1930 under President Hoover that established very high tariffs (taxes on imports). Its objective was to reduce foreign imports and stimulate the domestic economy, but it only angered other countries and drastically weakened international trade. -
100,000 Banks have failed
After the crash during the first 10 months of 1930, 744 banks failed – 10 times as many. In all, 9,000 banks failed during the decade of the 30's. It's estimated that 4,000 banks failed during the one year of 1933 alone -
Dust Bowl
Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages.
