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test tuesday

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
stock speculation   also known as “buying on margin,” the practice by investors of borrowing money to buy stock hoping that stock price increases will help pay off the loan  
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Federal Reserve Banks   the bankers’ banks; they have the power to print money and raise or lower interest rates to either encourage or discourage borrowing by banks, businesses, and consumers  
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Smoot-Hawley Tariff   taxes on imported goods voted on by Congress to protect American businesses from competition from foreign companies; it discouraged international trade which created a worldwide economic depression  
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bank and business failures   -these companies are said to fail when they can no longer make a profit because they have invested their profits unwisely or there is little demand for their products  
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unemployment   the rate or percentage of qualified people willing to work who cannot find a job because the economy provides no work for them  
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hunger and homelessness   during the Great Depression many people stood in breadlines for free food or lived in shacks made from discarded materials  
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farm foreclosures   many farms were taken from farmers by banks because prices for farm products were low and when farmers’ incomes dropped they couldn’t repay their loans  
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Social Security   a pension given to American workers who have paid a tax on their wages so that they have an income after they retire  
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work relief   New Deal programs like the CCC which gave people government jobs  
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environmental improvement   New Deal programs like the CCC which had workers plant trees, build levees for flood control, and improve national parks; the TVA controlled flooding by building or improving dams to promote conservation  
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farm assistance   New Deal programs like the AAA which helped raise prices for farm products by paying farmers to leave some of their land uncultivated; the AAA also paid farmers to destroy some crops, milk, and livestock  
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labor rights   the Fair Labor Standards Act set a minimum wage for workers and abolished child labor; the Wagner Act guaranteed workers the right to form unions and to bargain collectively with employers  
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