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Chapter 12 VocabUS

Great Depression Vocabulary

TermDefinition
speculation investors were gambling, often with money they did not even have, on stock increases to turn quick profits.
Black Tuesday investors raced to pull their money out of the stock market
business cycle periodic growth and contraction of the economy
Great Depression period lasting form 1929 to 1941 in which the economy faltered and unemployment soared
Hawley-Smoot Tariff raised prices on foreign imports to such a level that they could not compete in the American marekt
bread line people lined up for handouts from charities or public agencies
Hooverville makeshift shantytowns of tents and shacks built on public land or vacant lots
tenant farmer working for bigger landowners rather than for themselves
Dust Bowl dust storms in the southern Great Plains
Okies Dust Bowl refugees
repatriation involved efforts by local, state, and federal governments to encourage or coerce Mexican immigrants and their naturalized children to return to Mexico
localism policy whereby problems could best be solved at local and state levels
Reconstruction Finance Corporation (RFC) more than a billion dollars of government loans to railroads and large businesses
trickled-down economics held that money poured into the top of the economic pyramid will trickle down to the base
Hoover Dam dam on the Colorado River
Bonus Army bill to provide early payment of the out of work vets that needed money to support themselves (bonuses)
Created by: Lugano