click below
click below
Normal Size Small Size show me how
EOC Ch. 22
The Great Depression Begins
Term | Definition |
---|---|
speculation | buying stocks and bonds on the chance of earning a quick profit |
buying on margin | paying a small part of a stock's price as a down payment and borrowing the rest of the money |
Black Tuesday | the day the bottom fell out of the Stock Market |
Great Depression | period from 1929 to 1940 in which the economy plummeted and unemployment skyrocketed |
Hawley-Smoot Tariff | highest protective tariff in U.S. history; helped bring on the Depression |
shantytowns | little towns consisting of shacks built by people forced out of housing by lack of money in the Depression |
Soup Kitchens and Bread Lines | food giveaways from private charities that were the only means of sustenance for many Depression-Era people |
Dust Bowl | region in the American West and Midwest hit hardest by drought in the 1930s |
direct relief | cash payments or food provided by the government to the poor |