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Chapter 14 Great Depression
Terms, people, and ideas associated with the study of the Great Depression in U.S. History
Terms in this set (19)
Price set by government above free-market level and maintained by governmental purchases of excess supply
arrangement for deferred payment for goods and services
Governor of New York four times, and was the Democratic U.S. presidential candidate in 1928. He was the first Roman Catholic and Irish-American to run for President as a major party nominee. He lost the election to Herbert Hoover.
risky buying and selling of stocks in the hope of making a quick profit
buying on margin
buying stock by paying only a portion of the full cost up-front with promises to pay the rest later
October 29, 1929; date of the worst stock-market crash in American history and beginning of the Great Depression.
the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s
Dow Jones Industrial Average
a measure of stock market prices based on thirty leading companies of the new york stock exchange and Nasdaq
high tariff tax on imports- tried to protect American business from foreign competition during Great Depression; ultimately it failed.
Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages.
Unplanned slum development on the margins of cities, dominated by crude dwellings and shelters made mostly of scrap wood, iron, and even pieces of cardboard; nick named "Hoovervilles"
places where the hungry could get a free meal
line of people waiting for food handouts from charities or public agencies
cash payments or food provided by the government to the poor
31st President of the United States (1929-1933), Republican, initially dealt with the Great Depression by trying to restore public faith in local community.
Hoover Dam; A dam on the Colorado River built during the Great Depression as part of a public-works program indented to stimulate business and provide jobs
Federal Home Loan Bank Act
law passed in 1931 to reduce mortgage rates to save farmers from foreclosure
Reconstruction Finance Corporation
Created in 1932 by the Hoover administration to make loans to banks, insurance companies, and railroads, it was intended to provide emergency funds to help businesses overcome the effects of the Depression.
WWI veterans who marched on Washington demanding their $1,000 bonus pay before the 1945 due date. They were eventually removed by force.