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The Great Depression Begins

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Term
Definition
speculation   buying stocks and bonds on the chance of earning a quick profit  
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buying on margin   paying a small part of a stock's price as a down payment and borrowing the rest of the money  
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Black Tuesday   the day the bottom fell out of the Stock Market  
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Great Depression   period from 1929 to 1940 in which the economy plummeted and unemployment skyrocketed  
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Hawley-Smoot Tariff   highest protective tariff in U.S. history; helped bring on the Depression  
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shantytowns   little towns consisting of shacks built by people forced out of housing by lack of money in the Depression  
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Soup Kitchens and Bread Lines   food giveaways from private charities that were the only means of sustenance for many Depression-Era people  
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Dust Bowl   region in the American West and Midwest hit hardest by drought in the 1930s  
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direct relief   cash payments or food provided by the government to the poor  
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Created by: willsong
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