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chapter12_vocablist

TermDefinition
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
Created by: SRichard