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22 Cards in this Set

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Scotteboro Boys
9 African American youths accused and unfairly tried and convicted of raping 2 white women in AL in 1931; gained national support and received new trials by order of the Supreme Court
Dow Jones Industrial Average
An average of the prices of the stock of leading industries that gauges the health of the stock market
Welfare Capitalism
Industrial policy of meeting workers' needs with increased pay and benefits for the purpose of preventing labor union organization
Herbert Hoover
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
The Gross National Product(GNP)
Total amount of goods and services a nation produces; used to gauge economic strength
Father Divine
African American minister; his Harlem soup kitchens fed the hungry during thr Great Depression
Hoovervilles
Towns of makeshift houses built by homeless people during the Great Depression
Collateral
Something pledged as security for a loan that can be claimed by the lender if the loan is not repaid
Buy on Margin
Practice of buying stocks by paying 10% to 50% of the full price and borrowing the rest; common in the 1920s before the stock market crash in 1929
Installment Buying
A method of paying for an expensive item over many months in installment and including interest
21st Amendment
Constitutional amendment of 1933 repealing the 18th Amendment; thus ending prohibition
Socialists
A person who adovcates the principles of socialism
Eleanor Roosevelt
First Lady 1933-1945; tireless worker for social causes, including women's rights and civil rights for African Americans and other groups
Noram Thomas
Socalist party leader and candidate for President in the 1920 and 1930s; won 2 percent of the vote in 1932
Speculation
Undertaking risk on stocks or real estate for chance of profit
Empire State Building
a dramatic symbol of hope in 1930
Hawley-Smoot Tariff
Import tax levied in 1930, the highest in the US history; produced the opposite of its intended effect when international trade slowed
Reconstruction Finance Corporation
Government corportion set up by President Herbert Hoover in 1932 that gave government loans to banks
John Maynard Keynes
British economist who believed that government spending could help a faltering economy; his theory helped shape New Deal legislation
Franklin Delano Roosevelt
32nd President of the US, 1933-1945; fought the Great Depression through his New Deal social programs; battled Congress over Supreme Court control; proved a strong leader during WW I
Bonus Army
Group of World War I veterans who marched to Washington in 1932 asking to receive their pension bonus early
Real Wages
Value of income adjusted to account for inflation; used to compare in different time periods