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CHapter12 Depresssio
Chapter 12
Term | Definition |
---|---|
1. Speculation | Making high-rick investments in hope of making large profits |
2. Black Tuesday | October 29, 1929 when stock prices fell |
3. Business cycle | Periodic growth and contracrion of the economy |
4. Great Depression | Period in which the economy faltered and unemployment soared |
5. Hawley-Smoot Tariff | Raised prices on foreign imports so they could not compete in the American market |
6. Bread line | People lined up for handouts from charities or public agencies |
7. Hooverville | Tents and shacks built on public land or vacant lots |
8. Tenant farmer | Worked for bigger landowners instead of themselves |
9. Dust Bowl | suffered from drought and dust storms (central and southern Great Plains regions) |
10. Okies | Dust Bowl refugees |
11. Repatraition | Where Mexican-Americans were forced to return to Mexico |
12. Localism | Problems were best solved at local and state levels |
13. RFC : Reconstruction Finance Corporation | Federal agency which provided emergency government credit to banks |
14. Trickle-down economics | Theory that money lent to banks and businesses will trickle down to consumers |
15. Hoover Dam | Dam on the Colorado River |
16. Bonus Army | WWI veterans who marched to demand early payment of a bonus promised them by COngress |