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22 Cards in this Set

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Herbert Hoover
Thirty 1st president of the U.S.1929-1933. Responded ineffectively to 1929 stock market crash and Great Depression.
Welfare Capitalism
Industrial policy of meeting workers' needs with increased pay and benefits for the purpose of preventing labor union organization.
Norman Thomas
Socialist party leader and candidate for president in the 1920 and 1930s; won 2% of the vote in 1932.
Father Divine
African American minister whos Harlem soup kitchens fed the hungry during the Great Depression.
Empire State Building
Dramatic symbol of hope for many people; tallest building in the world 102 stories high.
Scottsboro Boys
9 African American boys convicted of raping 2 white women on a train in Alabama in 1931.
Socialists
People who advocate collective ownership of factories and property.
Real Wages
Value of income adjusted to account for inflation; used to compare wages in different time periods.
Reconstruction Finance Corporation
Government corporation set up by president Herbert Hoover in 1932 that gave government loans to banks.
Dow Jones Industrial Average
An average of the prices of the stock of leading industries that gauges the health of the stock market.
John Maynard Keynes
British economist who believed that government spending could help a faltering economy; his theories helped shape New Deal legislation.
Hoovervilles
Towns of makeshift houses built by homeless people during the Great Depression.
21st Amendment
Constitutional amendment of 1933 repealing the 18th amendment, ending prohibition.
Buy on Margin
Practice of buying stocks by paying 10-50% of teh full price and borrowing the rest.
Hawley-Smoot Tariff
Import tax levied in 1930, the highest in U.S. history; produced the opposite of its intended effect when international trade slowed.
Collateral
Something pledged as security for a loan that can be claimed by the lender if the loan is not repaid.
Bonus Army
Group of world war 1 veterans who marchedto Washington in 1932 asking to recieve their pension bonus early.
Speculation
Undertaking risk on stocks or realestate for the chance of profit.
Franklin Delano Roosevelt
32nd president of the U.S. 1933-1945; fought the Great Depression through his New Deal social programs; battled congress over supreme court control.
Installment Buying
A method of paying for an expensive item over many months in installments and including interest.
Eleanor Roosevelt
1st lady1933-1945; tireless worker for socail causes , including women's rights and civil rights for African Americans and other groups.
The Gross National Product (GNP)
total amount of goods and services a nation produces; used to gauge economic strength.