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History Vocab Ch. 11
Term | Definition |
---|---|
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 |