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DEPRESSION
Chapter 21 Section 1
Question | Answer |
---|---|
Herbert Hoover | former Secretary of Commerce and Rep. candidate for Pres. in 1928 |
speculation | when investors gamble and stock prices will rise |
Black Tuesday | Oct. 24, 1929, the day the stock market crashed |
business cycle | periodic expansion and contraction of the economy |
Great Depression | the collapse of the U.S. and world economies beginning in 1929 |
Howley-Smoot Tariff | high protective tariff passed in June 1930 that contributed to a worldwide depression |