20 terms

History Chapter 22 Vocabulary

STUDY
PLAY
farmers
Congress tried to help this group with price supports, a plan to purchase surplus and resell on world markets
credit
an arrangement in which consumers agree to buy now and pay later for purchases
Alfred E. Smith
The democratic, four-term New York governor defeated by Herbert Hoover in the 1928 presidential election
Dow Jones Industrial Average
the index of stock prices of thirty large firms, used as an indicator of the stock market's health
speculation
practice of buying stocks and bonds on the chance of a quick profit, ignoring risks; a cause of the 1929 crash
buying on margin
practice of buying stocks with mostly borrowed funds; a cause of the 1929 crash
New York Stock Exchange
the nation's foremost market for buying and selling stocks; opened doors in 1792
Black Tuesday
What October 29, 1929 is called; day of stock market crash
Great Depression
The period from 1929 to 1940 when the economy plummeted and unemployment skyrocketed
tariff
term for a trade tax, as in the Hawley-Smoot Act that Congress passed to protect farmers and manufacturers
shantytown
During the Depression, an area where people lived in shacks, boxes, and old cars
soup kitchen
Depression solution to supply free or low-cost meals to unemployed or poor people
bread lines
these formed when people waited one after another to receive food from charities during the Great Depression
Dust Bowl
term for great central region that was economically destroyed when drought and winds struck mismanaged lands
direct relief
type of relief for the poor where cash payments or food is provided by the government
Herbert Hoover
president elected in 1928 who was at first too cautious in his approach to solving problems of the Depression
Boulder Dam (later called Hoover Dam)
major Colorado River project approved by Hoover that provided electricity, flood control, and water supplies
Federal Home Loan Bank Act
1932 law that lowered home mortgage rates and allowed farmers to refinance their farms
Reconstruction Finance Corporation (RFC)
government relief program that authorized emergency financing for banks, railroads, and large businesses
Bonus Army
group of WWI veterans who protested to be compensated for wartime services, later forcibly disbanded by Hoover
YOU MIGHT ALSO LIKE...