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Hoovervilles
A "Hooverville" was a shanty town built during the Great Depression by the homeless in the United States. They were named after Herbert Hoover, who was President of the United States during the onset of the Depression and was widely blamed for it -
Smoot-Hawley Tariff
Smoot-Hawley Tariff Act, formally United States Tariff Act of 1930, also called Hawley-Smoot Tariff Act, U.S. legislation (June 17, 1930) that raised import duties to protect American businesses and farmers, adding considerable strain to the international economic climate of the Great Depression. -
100,000 Banks Have Failed
As the economic depression deepened in the early 30s, and as farmers had less and less money to spend in town, banks began to fail at alarming rates. During the 20s, there was an average of 10,000 banks failing each year nationally. After the crash during the first 10 months of 1930, 100,000 banks failed – 10 times as many -
Federal Deposit Insurance Corporation (FDIC
The Federal Deposit Insurance Corporation is one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions -
Public Works Administration (P.W.A}
Public Works Administration, part of the New Deal of 1933, was a large-scale public works construction agency in the United States headed by Secretary of the Interior Harold L. Ickes. It was created by the National Industrial Recovery Act in June 1933 in response to the Great Depression. -
Agriculture Adjustment Administration (AAA)
The Agricultural Adjustment Act was a United States federal law of the New Deal era designed to boost agricultural prices by reducing surpluses. The Government bought livestock for slaughter and paid farmers subsidies not to plant on part of their land -
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Franklin D. Roosevelt
Franklin Delano Roosevelt, often referred to by the initials FDR, was an American statesman and political leader who served as the 32nd president of the United States -
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New Deal Programs
These attempts at least gave Americans the hope that something was being done. Roosevelt's basic philosophy of Keynesian economics manifested itself in what became known as the three "R's" of relief, recovery and reform. The programs created to meet these goals generated jobs and more importantly, hope -
Dust Bowl
The Dust Bowl was a period of severe dust storms that greatly damaged the ecology and agriculture of the American and Canadian prairies during the 1930s; severe drought and a failure to apply dryland farming methods to prevent the aeolian processes caused the phenomenon. -
Social Security Administration (SSA)
The United States Social Security Administration is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability, and survivors' benefits
