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Chapter 12 Vocab

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Term
Definition
speculation   practice of making high risk investment to get large profits  
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Black Tuesday   October 29, 1929 when stock prices feel sharply in Great Crash  
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business cycle   periodic growth and contraction of the economy  
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Great Depression   1929 to 1941 the U.S. economy faltered and unemployment soared  
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Hawley-Smoot Tariff   protective import tax by congress 1930  
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bread line   line of people waiting for food handouts from charties  
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Hooverville   describe makeshift shantytowns set up by homeless people  
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tenant farmer   work for bigger landowners  
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Dust Bowl   central and southern great plains in 1930s when region suffered from drought  
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Okies   describe Dust Bowl  
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repatriation   Mexicans Americans were forced to return to Mexico  
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localism   local and state governments act as a primary agents of economic relief  
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Reconstruction Finance Corpoation   1932 provide emergency government credit to banks, railroads, and other large business  
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trickle-down economics   economic theory that holds money lent to banks and businesses will trickle down  
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Hoover Dam   dam on colorado river built during great depression  
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Bonus Army   group of WWI veterans who marched to demand early payment of a bonus promise  
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