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chapter 12 vocab. :]

QuestionAnswer
1.Herbert Hoover: public servant - to run for the white house.
2.speculation : practices of making high risk investments in hopes of obtaining large profits.
3. black Tuesday : October 29,1929, when stock prices fell sharply in the great crash.
4.business cycle: periodic growth and concentration of the economy.
5.Great Depression : period lasting from 1929 to 1941 in which the U.S. economy faltered and unemployment.
6.Hawley-Smoot Tariff: protective import tax authorized by congress in 1930.
3. black Tuesday : line of people waiting for food handouts from charities or public agencies.
8.Hooverville: term used to describe makeshift shanytowns set up by homeless people during the Great Depression.
9.tenant farmer: workers working for bigger landowners than than for themselves.
10.dust bowl : term used for central and southern Great Plains during the 1930's when the region suffered from drought and dust storms .
11.Okies: general terms used to describe dust bowl refugees.
12.repatriation: process by which Mexican Americans were encouraged , or forced , by local,state,and federal officials to return to Mexico during the 1930's.
13.localism: policy relied on by president Hoover in the early years of the Great Depression whereby local and state governments act as a primary agents of economic relief.
14.RFC: federal agents set up by congress in 1932 to provide emergency government credit to banks, railroads ,and other large businesses.
15.trickle-down economics: economic theory that holds that money lent to banks and businesses will trickle down to consumers.
16.Hoover Dam: dam on the Colorado river that was built during the Great Depression.
17.bonus army: group of world war 1 veterans who marched on Washington , D.C, in 1932 to demand early payment of a bonus promised them by congress.
18.Douglas MacArthur: general
Created by: wendyrenee12
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