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Chapter 12 Vocab

TermDefinition
speculation practice of making high risk investment to get large profits
Black Tuesday October 29, 1929 when stock prices feel sharply in Great Crash
business cycle periodic growth and contraction of the economy
Great Depression 1929 to 1941 the U.S. economy faltered and unemployment soared
Hawley-Smoot Tariff protective import tax by congress 1930
bread line line of people waiting for food handouts from charties
Hooverville describe makeshift shantytowns set up by homeless people
tenant farmer work for bigger landowners
Dust Bowl central and southern great plains in 1930s when region suffered from drought
Okies describe Dust Bowl
repatriation Mexicans Americans were forced to return to Mexico
localism local and state governments act as a primary agents of economic relief
Reconstruction Finance Corpoation 1932 provide emergency government credit to banks, railroads, and other large business
trickle-down economics economic theory that holds money lent to banks and businesses will trickle down
Hoover Dam dam on colorado river built during great depression
Bonus Army group of WWI veterans who marched to demand early payment of a bonus promise
Created by: jarekboyd