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The Great Depressesion 1928-1932

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Term
Definition
1. Speculation   Practice of making high-risk investments in hopes of obtaining large profits  
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2. Black Tuesday   October 29, 1929 when stock prices fell sharply in the Great Crash  
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3. Business Cycle   Periodic growth and contraction of the economy  
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4. Great Depression   Period lasating from 1929 to 1941 in which the U.S. economy faltered and unemployment soared  
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5. Hawley-Smoot Tariff   Protective import tax authorized by Congress in 1930  
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6. Bread Line   Line of people waiting for food handouts from charities or public agencies  
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7. Hooverville   Term used to describe makeshift shantytowns set up by homeless people during the Great Depression  
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8. Tenant Farmers   Working for bigger landowners rather than for themselves  
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9. 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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10. Okies   General term used to describe Dust Bowl refugees  
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11. 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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12. Localism   Policy relied on by President Hoover in the early years of thte Depression whereby local and state governments act as primary agents of economic relief  
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13. Reconstruction Finacne 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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14. Trickle-down economics   Economic theory that holds that money lent to banks and businesses will trickle down to consumers  
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15. Hoover Dam   Dam on the Colorado River that was built during the Great Depression  
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16. Bonus Army   Group of World War 1 verterans who marched on Washington D.C. in 1932 to demand early payment of a bonus promised them by Congress  
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Created by: Lexibaby0013
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