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28 terms

mart history terms 5

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Alfred E. smith
democratic nominee in 1928 presidential election
Stock market
system for buying and selling shares of companies
Bull market
long period of rising stock prices
Margin
way of buying stocks by paying only a small percent of the price of the stock and taking a loan from a stockbroker to pay the rest
Margin call
demand by a broker for the investor to repay the loan at once
Speculation
buying shares, betting that the stock market will continue to climb, and then selling the stock to make money quickly
Black Tuesday
October 29, 1929, that the stock market experienced its steepest dive
Installment
monthly payment made on high-cost item
Hawley Smoot Tariff
high tariff that damaged American sales abroad
Bailiff
court official
Shantytowns
communities formed on unused or public lands by newly homeless people
Hoovervilles
name given to shantytowns
Hobo
unemployed individual who wandered around the country
Dust bowl
dried-up lands of the great plains
Walt Disney
producer of the first feature-length animated film
soap operas
daytime radio shows that were sponsored by the makers of laundry soaps
Grant Wood
artist of the regionalist school, who emphasized traditional American values
John Steinbeck
novelist who wrote about the poverty in the Great Depression
William Faulkner
author who used the stream on consciousness technique
public works
government-financed building projects
Reconstruction
Fenace Corporation organization set up by Congress to make loans to businesses
relief
money that went directly to people in poverty
foreclosed
taken possession of by creditors
Bonus Army
a group of World War I veterans who marched on Washington to demand the payment of bonuses that Congress promised
New Deal
President Franklin D. Roosevelt's proograms for ending the Depression
polio
a paralyzing disease
gold standard
a situation in which one ounce of gold equaled a set number of dollars
bank holiday
the closing of banks before bank runs could put them out of business