Terms in this set (20)
the support of certain price levels at or above market values by the government
an arrangement in which consumers agreed to buy now and pay later for purchases, often on an installment plan that included interest charges
Alfred e smith
democrat who ran against Herbert Hoover. a career politician who had served four terms as governor of new york, witty and outgoing, came from poor family and worked hard
the engagement in risky business transactions (buying and selling stocks) 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 29, 1929. the bottom fell out of the market
the period from 1929 to 1941 in which the economy was in severe decline and millions of people were out of work
dow jones industrial average
most widely used barometer of the stock market's health. based on the stock prices 30 representative large firms trading on the new york stock exchange
hawley-smoot tariff act
established the highest protective tariff in the United States history, made a bad situation worse. was designed to help american farmers and maufactures by protecting products from foreign competition. backfired and had the opposite effect
the dust storms in north dakota, south dakota, nebraska, kansas, oklahoma, and texas were so severe that this region of the great plains became known as .......
little towns consisting largely of shacks
places where food is offered free to the needy
lines of people waiting to receive food provided by charitable organizations or public agencies
cash payments or food provided by the government to the poor
President who reassured americans that the nations economy was a "strong footing"
construction of this project was designed to jump start economy and add jobs
Federal Home Loan Bank Act
lowered mortage rates for homeowners and allowed farmers to refinance their farm loans and avoid foreclosure
the idea that people should succeed through their own efforts, take care of themselves and their families, rather than depend on government to bail them out
Reconstruction Finance Corporation
Hoover's most ambitious economic measure, approved by congress in 1932 and authorized to provide emergency financing to banks, life insurance companies, railroads, and other large businesses. intended to pump new life into the economy by fueling business expansion
world war 1 vets, came to nations capital to support a bill under debate in congress. the bill payed a bonus to vets who had not been compensated adequated for their wartime service
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