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16 Cards in this Set
- Front
- Back
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speculation
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undertaking risk on stocks or real estate for the chance of profit.
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Father Divine
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M. J. Divine
A Harlem evangelist who opened soup kitchens that fed hungry thousands every day. |
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collateral
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something pledged as security for a loan Ex house
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Scottsboro Boys
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Nine African American Youths accused and unfairly tried and convicted of raping two white woman in Alabama in 1931; 8 of the 9 were quickly convicted by an allwhite jury and sentenced to die wihtout being given the chance to hire a defense lawyer.
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Eleanor Roosevelt
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Wife of Franklin D. Roosevelt
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Franklin Delano Roosevelt
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President of the United States
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installment buying
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a method of paying for an expensive item over many months in installments and including interest.
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Norman Thomas
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won 881,951 votes in 1932, about 2.2 percent of hte total vote
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welfare capitalism
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Industrial policy of meeting workers' needs with increased pay and benefits for the purpose of preventing labor union organization.
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buy on margin
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practice of buying stocks by paying 10 to 50 percent of the full price and borrowing the rest; common in the 1920s before the stock market crash of 1929.
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real wages
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value of income adjusted to account for inflation; used to compare wages in different time periods.
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socialists
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called for gradual social and economic cahnges rather than revolution.
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Gross National Product(GNP)
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Total amount of goods and services a nation producesl used to gauge economic strength.
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Herbert Hoover
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31st president of the US 1929-1933; worked to aid Europeans during World War I; responded ineffectively to 1929 stock market crash and Great Depression
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hoovervilles
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houses built by the homeless during the Great Depression.
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Dow Jones industrial average
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An average of the prices of the stock of leading industries taht gauges the health of the stock market.
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