Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Unit 2
The Great Depression
| Term | Definition |
|---|---|
| bank run | the withdrawal by a large number of individuals or investors of money from a bank due to fears of the bank’s instability; bank runs ultimately increase the bank’s likelihood of failure |
| Black Tuesday | October 29, 1929, when a mass panic caused a crash in the stock market and stockholders sold over sixteen million shares, causing the overall value of the stock market to drop dramatically |
| Bonus Army | a group of World War I veterans and others who marched to Washington, D.C. in 1932 to demand payment on their war bonuses early |
| bread line | common during the Great Depression, a line of people waiting to receive free food |
| business cycle | a pattern of expansion and contraction in the economy, rooted in the output of goods and services |
| depression | a long, severe recession, marked by serious economic decline |
| Dust Bowl | the area in the middle of the country that had been badly overfarmed in the 1920s and suffered from a terrible drought that coincided with the Great Depression; the name came from the “black blizzard” of topsoil and dust that blew through the area |
| expansion | the period in the business cycle marked by economic growth and prosperity |
| Herbert Hoover | The 31st president of the United States, holding office from 1929 to 1933 |
| Hoovervilles | the common name for homeless shantytowns during the Great Depression, named for Herbert Hoover |
| John Steinbeck | an American writer best known for his novels and stories set during the Great Depression, including those featuring Dust Bowl migrants |
| market correction | a very rapid change in the price of a stock or product |
| Mary McLeod Bethune | an African American educator appointed by Franklin Roosevelt as director of the African American division of the National Youth Administration |
| Okies | a term describing the thousands of displaced farmers who migrated from Oklahoma and other parts of the Great Plains in search of work |
| protectionism | the practice of taxing imported goods in order to encourage the sale of goods made at home |
| recession | the period in the business cycle when there is reduced economic activity, including the decreased output of goods and services as well as trade |
| rugged individualism | Herbert Hoover's response to the Great Depression, the idea that individuals had the ability to overcome the effects of the economic depression without government assistance or intervention |
| Scottsboro Boys | a reference to a trial in Scottsboro, Alabama, in 1931, where nine young African American men were falsely accused of raping two white women and sentenced to death; the extreme injustice of the trial gained national and international attention |
| Smoot-Hawley Tariff | the tariff approved by Hoover to raise the tax on thousands of imported goods in the hope that it would encourage people to buy American-made products |
| speculation | the practice of investing in risky financial opportunities in the hopes of a fast payout due to market fluctuations |
| tenant farmer | a person who farms on land rented from a landowner |
| The Grapes of Wrath | the 1939 novel by John Steinbeck that chronicles the Joads, a family of Okies forced to abandon their home in search of opportunities in the West |
Created by:
eknauss
Popular U.S. History sets