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Science-chap 2 Vocab
Earths Changing Surface
| Question | Answer |
|---|---|
| Low Interest Rates/credit | Federal Reserves kept interest rates low; companies borrowed money and expanded more than necessary |
| High Tariffs | Tariffs restricted foreign demand for American goods |
| Over production | Companies made more goods than could be sold |
| Falling Demand | with to many goods unsold, production was cutback and employees were laid off |
| Uneven distribution of income | not everyone who wanted consumer goods could afford them |
| Election of 1928 | xxxxxxx |
| Bull Market | long period of rising stock prices |
| Buying on the Margin | making only a small cash down payment about 10% rest would come from bank loan |
| Speculation | guessing if the market would rise or fall |
| Black Tuesday | stock prices took the steepest dive yet |
| Great Depression | reason of the stock price crash 1932 over 25% American workers unemployed |
| Shanty towns | homeless lived in or known as Hoovervilles |
| Bread lines | bread lines helped feed people |
| Dust Bowl | from Dakotas to Texas America's wheat Fields vast |
| Hoboes | homeless people / wanderers |
| Reconstruction Finance Corp | Hoover requested to congress this be set up to make loans to businesses |
| Bonus Army | about 1,000 veterans from Oregon marching to Washington to lobby for passage of the legislation $1,000 bonus |
| Patman Bill | bill authorizing early payment on veterans $1,000 bonuses |
| Farm crisis/ Farm foreclosures | creditors foreclosed on nearly 1,000,000 farms between 1930-1934, taking ownership of the land and evicting families |
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wheels3
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