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chapter 12

us history

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.
Created by: lexi.arterburn