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The Great Depression
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== <span style="color: #FFFFFF;">Remembering</span> == * '''The Great Depression''' β A severe world-wide economic depression that took place mostly during the 1930s. * '''Black Tuesday''' (October 29, 1929) β The day the "Stock Market Crashed," wiping out "Billions of dollars" of wealth in hours. * '''The Dust Bowl''' β A period of severe "Dust Storms" that greatly damaged the "Ecology and Agriculture" of the American prairies. * '''Hoovervilles''' β "Shanty towns" built by homeless people during the depression, named after President Herbert Hoover. * '''Keynesian Economics''' (John Maynard Keynes) β The theory that "Government Spending" can "Jump-start" a stalled economy. * '''The New Deal''' β A series of "Social Programs," "Financial Reforms," and "Public Works" enacted by FDR to end the depression. * '''Protectionism''' β When countries "Raise Taxes on Imports" (Tariffs) to protect their own businesses, which actually "Made the Depression Worse" by killing global trade. * '''Bank Run''' β When "Everyone" tries to "Withdraw their money" at the same time, causing the "Bank to Fail." * '''The Gold Standard''' β A monetary system where money was "Back by Gold," which "Prevented" governments from "Printing Money" to help the poor. * '''The Social Security Act (1935)''' β A landmark "New Deal" law that provided "Retirement Income" and "Unemployment Insurance." </div> <div style="background-color: #006400; color: #FFFFFF; padding: 20px; border-radius: 8px; margin-bottom: 15px;">
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