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chapter12_vocablist
Term | Definition |
---|---|
1.Speculation | practie of making high-risk investments in hopes of obtaining large profits |
2.Black Tuesday | October 29,1926 stock prices fell in the Great Crash |
3.Business Cycle | periodic growth and contraction of the economy |
4.Great Depression | 1929-1941, US 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, and charities |
7.Hooverville | term use to describe makeshift shantytowns set up by homeless people during the Great Depression |
8.Tenant Farmer | person who farms the land of another and pays rent with cash or with a portion of the produce |
9.Dust Bowl | term used for Central and Southern Great Plains during the 30's, the region suffered from drought amd dust storms |
10.Okies | term used to describe Dust Bowl refugees |
11.Repatriation | Mexican-Americans were encouraged or forced by local, state, and federal officials to return to Mexico during the 30's |
12.Localism | policy that relied on Hoover during the depression where by local and state governments act as economic relief |
13.Reconstruction Finance Corporation | 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 that 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 WWI veterans tha marched on D.C. in '32 to demand early payment of a bonus promised to them by Congress |