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EOC Ch. 22

The Great Depression Begins

TermDefinition
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
Created by: willsong