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History Vocab Ch. 11

Speculation practice of of making high-risk investments in hopes of obtaining large profits
Black Tuesday October 29,1929, when stock prices fell sharply in the Great Cash
Business Cycle Periodic growth and contraction of the economy
Great Depression period lasting from 1929 to 1941 in which the U.S. economy faltered and unemployment soared
Bread Line line of people waiting for food handouts from charities or public agencies
Hooverville term used to describe makeshift shantytowns set up by homeless people during the great depression
Tenant Farmer Farmers that worked on the land of other farmers
Dust Bowl term used for the central and southern Great plains during the 1930s when the region suffered from drought and dust storms
Okies general term used to describe dustbowl refugees
Repatriation process by which mexican americans were encouraged, or forced, by local, state, and federal officials to return to mexico during the 1930s
Localism policy relied on by President Hoover in the early years of the Depression whereby local and state governments act as primary agents of economic relief
Reconstruction Finance Corporation federal agency set up by congress in 1932 to provide emergency government credit to banks, railroads, and other large businesses
Trickle-Down Economics economic theory that holds that money lent to banks and businesses will trickle down to consumers
Hoover Dam dam on the colorado river that was built during the great depression
Bonus Army group of World War I veterans who marched on Washington D.C in 1932 to demand early payment of a bonus promised them by congress
Created by: 100001296436272