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chapter 14 and 15

us honors history

QuestionAnswer
credit an agreement consumers agreed to buy now and pay later
speculation people bought stocks and bonds on the chance that they might make a quick or large profit ingnoring the risks
buying on margin buying a small % of a stocks price as a don payment and borrowing the rest
black tuesday the bottem fell out of the stock market many found themselves in great debt
dust bowl the spot where lots of dust was swept around created alot of sickness
great depression period from 1929 to 1941 in which the economy was in severe decliine and many people were out of work
shanty town little towns consisting of shacks they sprang up on the out skirts of towns
soup kitchen places where food is offered for free to the needy
breadline lines of people waiting to recieve food provided by charitable organizations
direct relief cash payments or food provided by charitable organizations
herbert hoover president and wanted everyone to remain calm
boulder dam a dam that was built to jumpstart the economy and add jobs
federal home loan bnak act lowered rates for home owners and allowed farmers to refinace their farm loans and avoid foreclosure
bonus army a group of unemployed world war 1 veterns who demanded theier bonus
reconstruction finace coporation provided emergany finacing
Created by: Drane.M
Popular U.S. History sets

 

 



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