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Chapter 12 Vocab
Chapter 12 Vocab- 18 words
Question | Answer |
---|---|
1. Herbert Hoover | 1928 Republican nominee, an accomplished public servant. During World War I he was the head if the Food Administration. |
2. speculation | Practice 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 contraction of the economy. |
5. Great Depression | Period lasting from 1929 to 1941 in which the U.S. economy faltered and unemployment soared. |
6. Hawley-Smoot Tariff | Raised tariff on foreign imports to such a level that they could not compete on the American market. |
7. Bread line | Line of people waiting for food handouts from charities or public agencies. |
8. Hooverville | Term used to describe makeshift shantytowns set up by homeless people during the Great Depression. |
9. Tenant farmer | Worked for bigger landowners than for themselves. |
10. Dust Bowl | Term used for the central and southern Great Plains during the 1930s when the region suffered from drought and dust storms. |
11. Okies | General term 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 1930s. |
13. Localism | Policy relied on by President Hoover in the early years of the Depression whereby local and state governments act as primary agents of economic relief. |
14. Reconstruction Finance Corporation (RFC) | Federal agency 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 hold 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 WWI veterans who marched on Washington, D.C., in 1932 to demand early payment of a bonus promised them by congress. |
18. Douglas McArthur | General who forced the Bonus Army out of Washington. |