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Ch. 12

Chapter 12

TermDefinition
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 explained the periodic growth and contraction of the economy
4. Great Depression a period lasting from 1929 to 1941 in which the economy faltered and unemployment soared
5. Hawley-Smoot Tariff raised prices on foreign imports to such level that they could not compete in the American market
6. bread line where people lined up for handouts from charities or public agencies
7. Hoovervilles makeshift shankytowns of tents and shakes built on public land or vacant lot
8. tenant farmers working for bigger landowners rather than for themselves
9. Dust Bowl term used for the 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 the policy whereby problems could best be solved at local and state levels
13. Reconstruction Finance Corporation (RFC) gave more than a billion dollars of government loans to railroads and large businesses
14. trickle-down economics held that money poured into the top of the economic pyramid will trickle down to the base
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 them by Congress
Created by: K_Higgins01