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Great Depression

TermDefinition
Great Depression the financial and industrial slump of 1929 and subsequent yea
Credit an entry recording a sum received, listed on the right-hand side or column of an account.
Price Support government assistance in maintaining the levels of market prices regardless of supply or demand.
Speculation investment in stocks, property, or other ventures in the hope of gain but with the risk of loss.
Buying on the Margin the purchase of an asset by paying the margin and borrowing the balance from a bank or broker.
Hawley Smoot U.S. law enacted in June 1930 which caused an increase in import duties by as much as 50%.
Black Tuesday share prices on the New York Stock Exchange completely collapsed, becoming a pivotal factor in the emergence of the Great Depression.
Soup Kitchen a place where free food is served to those who are homeless or destitute.
Dust Bowl an area of land where vegetation has been lost and soil reduced to dust and eroded, especially as a consequence of drought or unsuitable farming practice.
Direct Relief is a nonprofit, nonpartisan organization with a stated mission to “improve the health and lives of people affected by poverty or emergency situations by mobilizing and providing essential medical resources needed for their care."
Shantytown a deprived area on the outskirts of a town consisting of large numbers of crude dwellings.
Bonus Army popular name of an assemblage of some 43,000 marchers—17,000 World War I veterans, their families, and affiliated groups—who gathered in Washington, D.C., in the spring and summer of 1932 to demand cash-payment redemption of their service certificates.
Created by: anna_1
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