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chapter 12
us history
Term | Definition |
---|---|
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 & contraction of the economy. |
Great Depression | Period lasting from 1929 to 1941, in which the U.S economy faltered & unemployment soared. |
Hawley-Smooth Tariff | Protective import tax authorized by congress in 1930 |
Bread Line | Line of people waiting for food hand outs from charities or public agencies. |
Hooverville | Term used to describe makeshift shantytowns set up by homeless people during the great depression. |
Dust Bowl | Term used for the central and southern great plains in the 1930's when the regions suffered from drought and dust storms. |
Okies | General term used to describe Dust bowl refugees. |
repatriation | Process by which Mexican Americans were encouraged, or forced, by local, state, & federal officials to return to Mexico during the 1930's. |
Localism | Policy relied on by President Hoover in the early years of the Depression whereby local & state governments act as primary agents of economic relief. |
Reconstruction Finance Coorperation | Federal agency set up by congress in 1932 to provide emergency government credit to banks railroads & other large businesses. |
Trickle-down economies | economic theory that 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 Great Depression. |
Bonus Army | A lum sum payment to veterans |
Harely Smoot tariff | protective import tax authorized by congress in 1930. |