The Americans Chapter 22
McDougal Littell- The Americans
Terms in this set (19)
the support of certain price levels at or above market value by the government.
an arrangement which consumers agreed to buy now and pay later for purchases, often an installment plan (usually in monthly payments) that included interest charges.
a career politician. 4 term governor of New York. witty and outgoing.
the engagement in risky business transactions on the chance of quick or considerable profit.
Buying on Margin
paying a small percentage of a stock's price as a down payment and borrowing the rest.
October 29th. the "day" the market crashed.
the period from 1929 to 1941 in which the economy was in severe decline and millions of people were out of work.
Dow Jones Average
the most widely used barometer of the stock market's health.
Hawley- Smoot Tariff Act
established the highest protective tariff in US history. made to protect americans, had opposite affect.
the dirty thirties. bad farming and severe drought caused dust storms which made the Great Depression even worse.
a neighborhood in which people live in shacks.
a place where free food is served to the needy.
a line of people waiting for free food.
the giving of money or food by the government directly to needy people.
31st president. president during the great depressions who didn't believe the government was responsible for helping the nation.
designed to jump-start the economy and add jobs. only worked regionally and temporary.
Federal Home Loan Bank Act
lowered mortgage rates for homeowners and allowed farmers to refinance their farm loans and avoid foreclosure.
Reconstruction Finance Corporation (RFC)
January 1932. authorized to provide emergency financing to banks, life insurance companies, railroads, and other large businesses.
a group of unemployed World War 1 veterans and their families who marched on Washington D.C. to demand immediate payment of a bonus they had been promised for military service.
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