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History Vocab Ch. 11

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Term
Definition
Speculation   practice of of making high-risk investments in hopes of obtaining large profits  
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Black Tuesday   October 29,1929, when stock prices fell sharply in the Great Cash  
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Business Cycle   Periodic growth and contraction of the economy  
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Great Depression   period lasting from 1929 to 1941 in which the U.S. economy faltered and unemployment soared  
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Bread Line   line of people waiting for food handouts from charities or public agencies  
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Hooverville   term used to describe makeshift shantytowns set up by homeless people during the great depression  
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Tenant Farmer   Farmers that worked on the land of other farmers  
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Dust Bowl   term used for the central and southern Great plains during the 1930s when the region suffered from drought and dust storms  
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Okies   general term used to describe dustbowl refugees  
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Repatriation   process by which mexican americans were encouraged, or forced, by local, state, and federal officials to return to mexico during the 1930s  
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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  
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Reconstruction Finance Corporation   federal agency set up by congress in 1932 to provide emergency government credit to banks, railroads, and other large businesses  
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Trickle-Down Economics   economic theory that holds that money lent to banks and businesses will trickle down to consumers  
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Hoover Dam   dam on the colorado river that was built during the great depression  
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Bonus Army   group of World War I veterans who marched on Washington D.C in 1932 to demand early payment of a bonus promised them by congress  
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