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Chapter 12

QuestionAnswer
Herbert Hoover President Republican candidate in 1928-"a chicken in every pot."
Speculation practice of making high risk investments in hopes of obtaining large profits
Black Tuesday Oct.29,1929 when stock prices fell sharply in the Great Crash
business cycle periodic growth and contraction of the economy
Great Depression period lasting from 1929 to 1941 which the U.S economy faltered and unemployment soared
Hawley-Smoot Tariff protective import tax authorized by Congress in 1930
bread line line of people waiting for food handouts from charities or public agencies
Hooverville term used to describe makeshift shantytowns set up by homeless people during the Great Depression
tenant farmer famers who work for bigger landowners rather than for themselves
Dust Bowl term used for the central and southern Great lains during the 1930s when the region suffered from drought and dust storms
Okies general term used to describe Dust Bowl refugees
repatriation process by which Mexican Americans were encouraged, or forced ,by local, state, and federal officials to return to Mexico during the 1930s
localism policy relied on by Pres. Hoover in the Depression whereby local and state governments act as primary agents of economic relief
Reconstruction Finance Corporation federal agacy set up by Congress in 1932 to provide emergency government credit to banks , railroads, and other large businsses
trickle-down economics economic theory that holds that money lent to banks and businesses will trickle down to consumers
Hoover Dam dam on the Colorado River that was built during the Great Depression to create jobs
Bonus Army group of WWI veterans who marched at the capitol in 1932 to demand early payment of a bonus promised to them by Congress
Douglas MacArthur General called for by Hoover to remove the veteran marchers out of the city. His troops used tear gas and bayonets.
Created by: Fofisguzman
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