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21 Cards in this Set
- Front
- Back
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buy on margin
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practice of buying stocks by paying 10-50% of the full price and borrowing the rest.
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Hoovervilles
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towns of makeshift houses built by homeless ppl during the great depression.
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father divine
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Franklin Delano Roosevelt
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32nd pres. of U.S. 1933-1945 fought the great depression through his new deal social programs.
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John Maynard Keynes
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British economist who believed that gvt. spending could help a faltering economy.
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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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Eleanor Roosevelt
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first lady 1933-1945 tireless worker for social causes, including womens rights and civil rights for African Americans and other groups.
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Bonus Army
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group of WWI veterans who marched to Washington in 1932 asking to recieve their pension bonus early.
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reconstruction finance corporation
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Gvt coroperation set up by pres. Herbert Hoover in 1932 that gave gvt. loans to banks.
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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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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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empire state building
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large skyscraper building in New York.
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Welfare Captitalism
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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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socialists
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a person who advocates the principles of socialism.
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dow jones industrial average
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an average of the prices of the stock of leading industries that guages the health of the stock market.
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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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Hawley-Smoot tariff
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import tax levied in 1930, the highest in u.s history
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21st ammendment
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constitutional ammendment of 1933 repealing the 18th amendment, thus ending prohabition.
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Herbert Hoover
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31st president of the U.S. 1929-1933; worked to aid europeans during WWI; responded ineffectively to 1929 stock market crash and great depression.
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scotteboro boys
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nine young african american youth boys accused and unfairly trialed and convicted of raping two white in Alabama in 1931.
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GNP (Gross National Product)
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total amount of goods and services a nation produces.
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