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Chapter 12
Chapter 12 Vocabulary
Question | Answer |
---|---|
Herbert Hoover | Accomplished public servant. Ran for president in 1928. |
Speculation | Gambling on stock increases to turn quick profits. |
Black Tuesday | Stock Market crashed. |
Business Cycle | Periodic growth and contraction of the economy. |
The Great Depression | Period from 1929-1941 in which the economy faltered and unemployment soared. |
Hawley-Smoot Tariff | Raised prices on foreign imports to such a level that they could not compete in the American market. |
Bread Line | People lined up for handouts from charities or public agencies. |
Hooverville | Makeshift shantytowns of tents and shacks built on public or vacant lots. |
Tenant Farmer | Workers for bigger landowners rather than for themselves. |
Dust Bowl | Dust storms in the major regions of Texas, Oklahoma, Kansas, New Mexico, and Colorado. |
Okies | Dust Bowl refugees, regarding their state of origin. |
Repatriation | Efforts to encourage or coerce Mexican immigrants and their naturalized children to return to Mexico. |
Localism | Policy whereby problems could best be solved at local and state levels. |
Reconstruction Finance Corporation | Gave more than a billion dollars of government loans to railroads and large businesses. |
Trickle-Down Economics | Money pours into the top of the economic pyramid will trickle down to the base. |
Hoover Dam | Dam that brought much-needed employment to the Southwest. (Earlier called the Boulder Dam.) |
Bonus Army | WWI veterans seeking the bonus Congress promised them. |
Douglas MacArthur | Called on with federal troops to stop the Bonus Army marches. |