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Chapter 12 Vocab.
| Question | Answer |
|---|---|
| 1 speculation | practicing of making high-risk investments in hopes of obtaining large profits. |
| 2 Black Tuesday | where people lined up for handouts from charities or public agencies. |
| 3 business cycle | makeshift shantytowns of tents and shacks built on public land or vacant lots. |
| 4 Great Depression | a period lasting from 1929 to 1941 in which the economy faltered and unemployment soared. |
| 5 Hawley-Smoot Tariff | protective import tax authorized by Congress in 1930 |
| 6 bread line | where people lined up for handouts from charities or public agencies. |
| 7 Hoovervilles | makeshift shantytowns of tents and shacks built on public land or vacant lots. |
| 8 tenant farmers | |
| 9 Dust Bowl | term used for the central and southern Great Plains during the 1930's when the region suffered from drought and dust storms |
| 10 Okies | |
| 11 repatriation | efforts of local, state, and federal gov. to encourage or coerce Mexican immigrants and their naturalized children to return to Mexico. |
| 12 localism | the policy where problems could only be solved at local and state levels. |
| 13 Reconstruction Finance Corporation(RFC) | 1932, they gave more than a billion dollars of government loans to railroads and large businesses. |
| 14 trickle-down economics | economic theory that holds that money lent to banks and businesses will trickle down to consumers |
| 15 Hoover Dam | Dam on the Colorado River that was built during the Great Depression. |
| 16 Bonus Army | group of WWI veterans who marched on Washington DC in 1932 to demand early payment of a bonus promised them by congress. |