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chapter 14 and 15
us honors history
| Question | Answer |
|---|---|
| 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 |