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Chapter 12
18 words
Question | Answer |
---|---|
Herbert Hoover | Republican nominee, accomplished public servant running for the white house |
Speculation | Practice of making high risk investments in hopes of obtaining large profits |
Black Tuesday | October 29 1929 when stock prices fell sharply in the Great Crash |
Business cycle | Periodic growth and contraction of the economy |
Great Depression | Period lasting from 1929 to 1941 in which the us economy faltered and unemployment soared |
Hawley-Smoot Tariff | Protective import tax authorized by congress in 1930 |
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 great depression |
Tenant farmer | Farmers who worked for bigger landowners rather than for themselves |
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 dust bowl 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 pres 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 | Economy 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 WWI veterans who marched on Washinton DC in 1932 to demand early payment of a bonus promised them by congress |
Douglas MacArthur | General who president Hoover symphasized with marchers |