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Causes of The Great Depression

Word List with 12 words
By Dictionary.com

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Words in This List

Stock Market Crash of 1929

The most devastating financial collapse in the history of the United States, causing the Great Depression.

bank failure

The closing or insolvency of banks.

reduction

The act of diminishing. Bank failures and market crashes led consumers to reduce spending, purchasing and consumption.

foreign policy

A program pursued by a nation in its dealings with other nations, designed to achieve national objectives.

Smoot-Hawley Tariff

A law that raised tax for imports, causing less trade between America and foreign countries, along with economic retaliation from some foreign states.

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drought

A period of dry weather, especially a long one that is injurious to crops.

Dust Bowl

The region in the south central U.S. that suffered from dust storms in the 1930s.

debt

Something that is owed or that one is bound to pay to or perform for another.

deflation

A fall in the general price level or a contraction of credit and available money.

disparity

Lack of similarity or equality; inequality; difference.

gold standard

A monetary system with gold of specified weight and fineness as the unit of value.

tax increase

The raising of the sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.