Dust Bowl- Term used to describe the central and southern Great Plains in the 1930s, when the region sustained a period of drought and dust storms.
Penny Auction- Farm auctions during the Great Depression at which neighbors saved eat other's property from foreclosure by bidding low
Twenty-first Amendment- Constitutional amendment ratified in 1933 to repeal Prohibiton
Hawley-Smoot tariff- The highest import tax in history, passed by Congress in 1930
Reconstruction Finance Corporation (RFC)- Corporation set up by President Hoover in 1932 to give government credit to a number of institutions, such as large industries and insurance companies
Bonus Army- A group of World War I veterans and their families who protested in Washington, D.C., in 1932, demanding immediate payment of a pension bonus that had been promised for 1945
Those who took the hardest hit during the Great Depression were those already at the bottom of the ladder.
In 1931, census takers estimated the homeless population in New York alone to be around 15,000 people.
Hoovervilles were a makeshift homeless shelter made up of a collection of cardboard, tar paper, and scrap metal shacks.
The Dust Bowl
Between 1931 and 1940, so much soil blew out of the central and southern Great Plains that the region became known as the Dust Bowl.
Farmers said that the dust storms were the result of a severe drought.
However, it was because the farmers had stripped the land of its thick prairie grasses that once held down the soil, that it began to blow.
Underlying Causes of the Great Depression
The "prosperous" economy of the 1920's lacked a firm base, and most of the money ended up in the hands of a few fortunate families, who tended to save and invest rather than buy goods.
During the 1920's, speculators bought stocks with borrowed money and then pledged those stocks as collateral to buy more stocks.
There was too little money in circulation to help recover from the Great Stock Market Crash.