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22 Cards in this Set
- Front
- Back
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Scotteboro Boys
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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
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Dow Jones Industrial Average
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An average of the prices of the stock of leading industries that gauges the health of the stock market
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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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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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The Gross National Product(GNP)
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Total amount of goods and services a nation produces; used to gauge economic strength
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Father Divine
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African American minister; his Harlem soup kitchens fed the hungry during thr Great Depression
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Hoovervilles
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Towns of makeshift houses built by homeless people during the Great Depression
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Collateral
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Something pledged as security for a loan that can be claimed by the lender if the loan is not repaid
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Buy on Margin
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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
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Installment Buying
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A method of paying for an expensive item over many months in installment and including interest
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21st Amendment
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Constitutional amendment of 1933 repealing the 18th Amendment; thus ending prohibition
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Socialists
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A person who adovcates the principles of socialism
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Eleanor Roosevelt
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First Lady 1933-1945; tireless worker for social causes, including women's rights and civil rights for African Americans and other groups
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Noram Thomas
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Socalist party leader and candidate for President in the 1920 and 1930s; won 2 percent of the vote in 1932
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Speculation
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Undertaking risk on stocks or real estate for chance of profit
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Empire State Building
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a dramatic symbol of hope in 1930
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Hawley-Smoot Tariff
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Import tax levied in 1930, the highest in the US history; produced the opposite of its intended effect when international trade slowed
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Reconstruction Finance Corporation
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Government corportion set up by President Herbert Hoover in 1932 that gave government loans to banks
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John Maynard Keynes
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British economist who believed that government spending could help a faltering economy; his theory helped shape New Deal legislation
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Franklin Delano Roosevelt
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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
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Bonus Army
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Group of World War I veterans who marched to Washington in 1932 asking to receive their pension bonus early
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Real Wages
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Value of income adjusted to account for inflation; used to compare in different time periods
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