Before, you learned: The Roaring Twenties was a time of great prosperity for many Americans.
Now you will learn: When the prosperity of the 1920’s collapsed, President Herbert Hoover struggled to address the country’s economic problems.
Herbert Hoover: Republican president who failed to stop the Great Depression.
Stock Market Crash of 1929: plunge in stock market prices that marked the beginning of the Great Depression.
Credit: arrangement for delaying payment of a loan or purchase.
Economic Depression: severe economic slump.
Speculation: buying and selling risky items in the hope of making a quick profit.
Great Depression: The serious and world-wide economic decline of the 1930’s.