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Ch 12 Vocab Terms

The Great Depressesion 1928-1932

TermDefinition
1. Speculation Practice of making high-risk investments in hopes of obtaining large profits
2. Black Tuesday October 29, 1929 when stock prices fell sharply in the Great Crash
3. Business Cycle Periodic growth and contraction of the economy
4. Great Depression Period lasating from 1929 to 1941 in which the U.S. economy faltered and unemployment soared
5. Hawley-Smoot Tariff Protective import tax authorized by Congress in 1930
6. Bread Line Line of people waiting for food handouts from charities or public agencies
7. Hooverville Term used to describe makeshift shantytowns set up by homeless people during the Great Depression
8. Tenant Farmers Working for bigger landowners rather than for themselves
9. Dust Bowl Term used for the central and southern Great Plains during the 1930s when the region suffered from drought and dust storms
10. Okies General term used to describe Dust Bowl refugees
11. Repatriation Process by which Mexican Americans were encouraged, or forced, by local, state, and federal officials to return to Mexico during the 1930s
12. Localism Policy relied on by President Hoover in the early years of thte Depression whereby local and state governments act as primary agents of economic relief
13. Reconstruction Finacne Corporation Federal agency set up by Congress in 1932 to provide emergency government credit to banks, railroads, and other 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 World War 1 verterans who marched on Washington D.C. in 1932 to demand early payment of a bonus promised them by Congress
Created by: Lexibaby0013