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Chapter 22 Terms

TermDefinition
Price Support government assistance in maintaining the levels of market prices regardless of supply or demand.
Buying on the Margin the purchase of an asset by paying the margin and borrowing the balance from a bank or broker.
Black Tuesday October 29, 1929. On this date, share prices on the New York Stock Exchange completely collapsed, becoming a pivotal factor in the emergence of the Great Depression.
Direct Relief 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."
Credit the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Hawley Smoot act sponsored by Senator Reed Smoot and Representative Willis C. Hawley and signed into law on June 17, 1930, that raised U.S. tariffs on over 20,000 imported goods to record levels.
Shantytown a deprived area on the outskirts of a town consisting of large numbers of crude dwellings.
Speculation investment in stocks, property, or other ventures in the hope of gain but with the risk of loss.
Great Depression the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In the United States.
Dust Bowl also known as the Dirty Thirties, was a period of severe dust storms that greatly damaged the ecology and agriculture of the US and Canadian prairies during the 1930s
Bonus Army the 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
Soup Kitchen a place where free food is served to those who are homeless or destitute.
Created by: 2017080