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Chapter 12 VocabUS
Great Depression Vocabulary
| Term | Definition |
|---|---|
| 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) |
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