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Great Depression Vocabulary

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Term
Definition
speculation   investors were gambling, often with money they did not even have, on stock increases to turn quick profits.  
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Black Tuesday   investors raced to pull their money out of the stock market  
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business cycle   periodic growth and contraction of the economy  
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Great Depression   period lasting form 1929 to 1941 in which the economy faltered and unemployment soared  
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Hawley-Smoot Tariff   raised prices on foreign imports to such a level that they could not compete in the American marekt  
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bread line   people lined up for handouts from charities or public agencies  
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Hooverville   makeshift shantytowns of tents and shacks built on public land or vacant lots  
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tenant farmer   working for bigger landowners rather than for themselves  
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Dust Bowl   dust storms in the southern Great Plains  
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Okies   Dust Bowl refugees  
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repatriation   involved efforts by local, state, and federal governments to encourage or coerce Mexican immigrants and their naturalized children to return to Mexico  
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localism   policy whereby problems could best be solved at local and state levels  
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Reconstruction Finance Corporation (RFC)   more than a billion dollars of government loans to railroads and large businesses  
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trickled-down economics   held that money poured into the top of the economic pyramid will trickle down to the base  
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Hoover Dam   dam on the Colorado River  
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Bonus Army   bill to provide early payment of the out of work vets that needed money to support themselves (bonuses)  
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Created by: Lugano
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