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chap 12

TermDefinition
speculation practice of making high risk investment in hope of obtaining large profits.
black Tuesday oct.29th 1929 THE GREAT CRASH
business cycle PERIODIC GROWTH AND CONTRACTION OF THE ECONOMY
great depression period lasting from 1929 to 1941 in which the u.s. economy faltered and unemployment
hawley smoot tariff protective import tax authorized by congress in 1930
bread line a place for a family to get a free scrap of food
hooverville makeshift shantytowns of tents and shacks
tenant farmer farmers working for bigger landowners rather than them selves
dust bowl Texas,Oklahoma,Kansas,new Mexico, and Colorado where the dust storms mostly happen
okies dust bowl refugees
repatriation process by which mexican americans were encouraged or forced, by local state and federal officals to return to mexico durind 1930s
localism problems are solved by local and state levels
reconstruction finance corporation RFC GAVE MORE THAN A BILLION DOLLARS OF GOVERNMENT LOANS TO RAILROAD BUSINESS
trickled down economics government > bankers>BUSINESSMEN hired workers production consumption would increase and end the depression
hoover dam workers broke down ground one the boulder dam brung many workers employment in the southwest
bonus army ww1 veterans seekind the bonus congress promised them
Created by: jasminebell