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US 11
Chapter 22
Question | Answer |
---|---|
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 |