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chap 12
Term | Definition |
---|---|
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 |