An option that allowed investors to purchase a stock for only a fraction of its price and borrow the rest
a government subsidy used to maintain prices at a certain level
An arrangement to receive cash, goods, or services now and pay for them in the future., An arrangement to receive cash, goods, or services now and pay for them in the future.
Alfred E. Smith
Former governor of New York who ran for President against Herbert Hoover. He was against Prohibition.
Dow Jones Industrial Average
a measure of stock market prices based on thirty leading companies of the new york stock exchange and nasdaq
an investment that is very risky but could yield great profits
Buying on margin
Purching stock with a little money down with the promise of paying the balance at sometime in the future
October 29, 1929; the beginnin gof the Great Depression when the stock market crashed
the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s
Hawley Smoot Tariff Act
a law, enacted in 1930, that established the highest protective tariff in U.S. history, worsening the depression in America and abroad.
an area on the edge of a town where poor people live in very simply built houses
place where food is provided to the needy at little or no charge
line of people waiting for food handouts from charities or public agencies
Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages.
money or food given directly from the gov. to the needy
Republican candidate who assumed the presidency in March 1929 promising the American people prosperity and attempted to first deal with the Depression by trying to restore public faith in the community.
Hoover Dam; A dam on the Colorado River built during the Great Depression as part of a public-works program indented to stimulate buisness and provide jobs
Federal Home Loan Bank Act
This 1932 law was a late attempt by President Hoover to address the problems of destitute Americans. The series of banks established by this law were supposed to make loans to other banks, building and loan associations, and insurance agencies in an attempt to prevent foreclosures on citizens' homes.
Reconstruction Finance Corporation
independent agency of the United States government chartered during the administration of Herbert Hoover in 1932. It was modeled after the War Finance Corporation of World War I. The agency gave $2 billion in aid to state and local governments and made loans to banks, railroads, farm mortgage associations, and other businesses. The loans were nearly all repaid. It was continued by the New Deal and played a major role in handling the Great Depression in the United States and setting up the relief programs that were taken over by the New Deal in 1933
Unemployed World War I veterans who came to Washington in the spring of 1932 to demand the immediate payment of the bonus congress had voted them in 1922. The veterans were forcibly removed from Anacostia Flats by federal troops under the command of Douglas MacArthur.