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CHapter12 Depresssio

Chapter 12

TermDefinition
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
Created by: eafarrow97