Chapter 14 Great Depression
Terms, people, and ideas associated with the study of the Great Depression in U.S. History
Terms in this set (29)
Price set by government above free-market level and maintained by governmental purchases of excess supply
arrangement for deferred payment for goods and services
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
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"
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
WWI veterans who marched on Washington demanding their $1,000 bonus pay before the 1945 due date. They were eventually removed by force.
Reestablished the NIRA provision of collective bargaining, and prohibited unfair labor practices such as threatening workers, firing union members, and interfering with union organizing.
where people can buy and sell parts of corporations
long period of rising stocks
when a person borrows most of the money to buy a stock
a broker or bank demanding an investor repay the loan at once
investors bought stocks expecting them to rise, which artificially pushes stock prices up
16 millions shares were sold, and the stock market lost between $10-$15 billion dollars
when many depositors decide to withdraw their money at one time
raised the average tariff rate to the highest level in American History
heavy winds whipped into the drought stricken Great Plains
reconstruction finance corporation
Hoover enacted this to free up money and provides loans to businesses
money given directly to impoverished families
creditors taking homes/farms of families who cannot make their loan payments
WW1 veterans who were promised $1,000 to be paid in 1945, however there was legislation introduced to make their payments earlier, thousands of veterans march to Washington D.C. to protest
camps setup on the edge of towns of homeless people