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chapter 12 vocab
Question | Answer |
---|---|
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 U.S. 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 the great depression |
Tenant Farmer | |
Dust Bowl | term used for the central and southern great plains during the 1930s when the region suffered from drought and dusst 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 president hoover in the early years of the great 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 thst 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 freat depression |
Bonus Army | group of WW1 veterans who marched on washington D.C.,en 1932 to demand early payment of bonus promised them by congress |