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Hooverville. A Hooverville in Seattle, 1933. Hoovervilles were shanty towns 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. The term was coined by Charles Michelson. [ 1]
Bonus Army. The Bonus Army was a group of 43,000 demonstrators – 17,000 veterans of U.S. involvement in World War I, their families, and affiliated groups – who gathered in Washington, D.C., in mid-1932 to demand early cash redemption of their service bonus certificates. Organizers called the demonstrators the Bonus Expeditionary Force (B.E ...
The Wall Street Crash of 1929 is often cited as the beginning of the Great Depression. It began on October 24, 1929, and kept going down until March 1933. It was the longest and most devastating stock market crash in the history of the United States. Much of the stock market crash can be attributed to exuberance and false expectations.
A soup kitchen, Montreal, Quebec, Canada, 1931. A soup kitchen, food kitchen, or meal center is a place where food is offered to the hungry usually for no price, or sometimes at a below-market price (such as coin donations ). Frequently located in lower-income neighborhoods, soup kitchens are often staffed by volunteer organizations, such as ...
Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was an American politician and humanitarian who served as the 31st president of the United States from 1929 to 1933. He was a member of the Republican Party, and held office during the onset of the Great Depression.
An Act to relieve destitution, to broaden the lending powers of the Reconstruction Finance Corporation, and to create employment by providing for and expediting a public-works program. The Emergency Relief and Construction Act (ch. 520, 47 Stat. 709, enacted July 21, 1932), was the United States 's first major-relief legislation, enabled under ...
The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, the largest economy in the world at the time, leading to a period of economic depression. [ 1] The economic contagion began around September 1929 ...
Signed into law by President Franklin D. Roosevelt on March 9, 1933. The Emergency Banking Act (EBA) (the official title of which was the Emergency Banking Relief Act ), Public Law 73-1, 48 Stat. 1 (March 9, 1933), was an act passed by the United States Congress in March 1933 in an attempt to stabilize the banking system .