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14.1 & 14.2

DefinitionTerm
The winner of the election of 1928 Herbert Hoover
A long period of rising of stock prices. Bull Market
Buying stocks at great risk with the anticipation that stock prices will rise. Speculation
Places that offered free or low cost food. Soup Kitchens
Buying stocks at a fraction of the price and borrowing the rest. Buying on Margin
October 29, 1929 Black Tuesday
It measures the health of the stock market. Dow Jones Industrial Average
Overproduction, uneven distribution of wealth, high tariffs, availability of credit, and crisis in agriculture (surplus). Causes of the Great Depression
System of buy now and pay later. Credit
Not insured & people made runs on banks and withdrew their savings are reasons of this in 1929. Banks began to fail.
This is what happened to overseas trade. Reduced by the Hawley-Smoot Traiff act
Period of time from 1929-1940 in which the economy was in severe economic decline and Americans were unemployed The Great Depression
A region devastated by drought in parts of Kansas, Texas, Colorado, Oklahoma, and New Mexico. The Dust Bowl
People who traveled by trains in search for work Hoboes
These people faced increasingly difficult conditions and unemployment rates during the depression. Latin and African Americans
Houses built across the U.S. by the unemployed. Shantytowns
Individuals who fled the Dust Bowl. "Okies"
Provided a free meal to the unemployed. A Breadline
Over-farming & period of intense drought Causes of the Dust Bowl
These people suffered from malnutrition, had to work, and didn't go to school during the Great Depression. Children
Rise of unemployment, less waste, better sense of community, people put off getting married, young people stopped going to college, and the suicide rate increased. Effects of Great Depression
Cash payments or food provided by the Federal Government to the poor. Direct Relief
Created by: ClayU36
Popular U.S. History sets

 

 



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