Causes of the Great depression - Over Speculation, along with low wages, excessive debt, struggling agriculture, too many loans, and stock market crash, October 29, 1929 - Black Monday, Bank failures - Banks were unable to give people the money in their accounts., Over Speculation - gambling on high risk investments in hopes of making high profits, Smoot Hawley Tariff - High tax placed on imports to protect American industry. Led to decreased trade., Hoovervilles - Makeshift camps set up by the homeless and unemployed, Rugged Individualism - President Hoover's belief that Americans should take care of themselves without government assistance., Dust Bowl - Intense drought and poor farming practices led to sever dust storms in the Great Plains., Bread lines - places that provide food handouts from charities, New Deal Agencies - programs to provide Relief, Recovery, and Reform, Federal Deposit Insurance Corporation (FDIC) - guarantees banks by protecting personal savings in the event of bank failures., Federal Government Power - increased role in personal daily lives of Americans., Civilian Conservation Corps (CCC) - provided forest management work and flood control projects for young men., Public Works Administration (PWA) - provided work building public projects, Works Progress Administration (WPA) - provided work for artists, Tennessee Valley Authority (TVA) - built dams to prevent flooding and produce electricity, Social Security Administration (SSA) - provided workers with unemployment insurance, old age pensions and insurance if they died early.,

Great Depression

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