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US 11

Chapter 22

Dow Jones Industrial Average measure of average of stock prices of major industries
Black Tuesday 10/29/1029 day of Great Crash of the stock market began
Great Crash collapse of the American stock market 1929
business cycle periods in which a nation's economy grows, then contracts
Great Depression the most severe economice downturn in nation's history 1929-1941
Events leading to Great Crash overspeculation of people thinking they would make a lot of money
Great Crash produces ripple effect Risky loans; consumer lending; bank failures
Causes of Great Depression an unstable economy; overspeculation; goverenment policies
Hooverville makeshift homeless shelter during the early years of Great Depression
Dust Bowl term for central and southern Great Plains in 1930s when the region sustatined period of drought and dust storms
Spread of Poverty of Great Depression banks closed and people lost savings; lost jobs; farms suffered from low crop prices
Social problems of Great Depression health;hunger; stresses on families of overcrowded housing,hunger
penny auction farm auctions during Great Depression at which neighbors saved each other's property from foreclosure
Twenty-first Amendment constitutional amendment ratified in 1933 to repeal Prohibition
Great Depression Survival tenenat groups protest increased rent; shared what they could;penny auctions
Signs of change 1930s end of prohibition; Empire State Building
Hawley-Smoot tariff highest import tax in history
Reconstruction Finance Corporation (RFC) set up by Hoover to give government credit to a number of institutions like railroads, industries
Bonus Army WWI vets and families who protested in D.C. demanding payment pensions
Created by: mbarkley