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U.S History Chapter 14 vocabulary

Terms in this set (19)

Price Support
The maintenance of a price at a certain level through government intervention.
Credit
An arrangement in which a buyer pays later for a purchase, often on an installment plan with inerest charges.
Alfred E. Smith
A democrat.
Dow Jones Industrial
A measure based on the prices of the stocks of 30 large companies, widely used as a barometer of the stock market's health.
Speculation
An involvement in risky business tansactions in an effort to make a quick or large profit.
Buying On Margin
The purchasing of stocks by paying only a small percentage of price and borrowing the rest.
Black Tuesday
A name given to October 29, 1929, when stock prices fell shaply.
Great Depression
A period, lasting from 1929 to 1940, in which the U.S. economy was in severe decline and millions of American were unemployed.
Hawley-Smoot Tariff Act
A law, enacted in 1930, that established the highest protective tariff in the U.S. history, worsening the depression in America and abroad.
Shantytown
A neighborhood in which people live in makeshift shacks.
Soup Kitchen
A place where free or low cost food is served to the needy.
Bread Line
A line of people waiting for free food.
Dust Bowl
The region, including Texas, Oklahoma, Kansas, Colorado, and New Mexico, that was made worthless for farming by drought and dust storms during the 1930s.
Direct relief
The giving of money or food by the government directly to needy people.
Herbert Hoover
U.S. president during the Great Depression.
Boulder Dam
A dam on the Colorado River - now called Hoover Dam - that was bulit during the Great Depression as a part of a public-works program intended to stimulate business and provide jobs.
Federal Home Loan Bank Act
A law enacted in 1931, that lowered home mortage rates and allowed farmers to refinance their loans and avoid foreclosure.
Reconstruction Finance Corporation
An agency esablished in 1932 to provide emergeency financing to banks, life-insurance companies, railroads, and othe rlarge businesses.
Bonus Army
A group of World War 1 veterans and their families who marched on Washington D.C. in 1932 to demand the immediate payment of a bonus they had been promised for military service.
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