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Chapter 12 Vocab

Chapter 12 Vocabulary

1) Speculation- Practice of making high-risk investments in hope 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 lasting 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 farmer- A farmer who works land owned by another and pays rent either in cash or in shares of produce
9) Dust Bowl- Term used for 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 the Depression whereby local and state governments ac as primary agents of economic relief.
13) Reconstruction Finance Corporation- (RFC), 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 the 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 I veterans who marched on Washington, D.C., in 1932 to demand early payment of a bonus promised to them by Congress.
Created by: Andrew_Clark