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21 Cards in this Set

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buy on margin
practice of buying stocks by paying 10-50% of the full price and borrowing the rest.
Hoovervilles
towns of makeshift houses built by homeless ppl during the great depression.
father divine
?
Franklin Delano Roosevelt
32nd pres. of U.S. 1933-1945 fought the great depression through his new deal social programs.
John Maynard Keynes
British economist who believed that gvt. spending could help a faltering economy.
speculation
undertaking risk on stocks or real estate for the chance of profit.
Eleanor Roosevelt
first lady 1933-1945 tireless worker for social causes, including womens rights and civil rights for African Americans and other groups.
Bonus Army
group of WWI veterans who marched to Washington in 1932 asking to recieve their pension bonus early.
reconstruction finance corporation
Gvt coroperation set up by pres. Herbert Hoover in 1932 that gave gvt. loans to banks.
real wages
Value of income adjusted to account for inflation; used to compare wages in different time periods.
installment buying
A method of paying for an expensive item over many months in installments and including interest.
empire state building
large skyscraper building in New York.
Welfare Captitalism
Industrial policy of meeting workers' needs with increased pay and benefits for the purpose of preventing labor union organization.
socialists
a person who advocates the principles of socialism.
dow jones industrial average
an average of the prices of the stock of leading industries that guages the health of the stock market.
collateral
something pledged as security for a loan that can be claimed by the lender if the loan is not repaid.
Hawley-Smoot tariff
import tax levied in 1930, the highest in u.s history
21st ammendment
constitutional ammendment of 1933 repealing the 18th amendment, thus ending prohabition.
Herbert Hoover
31st president of the U.S. 1929-1933; worked to aid europeans during WWI; responded ineffectively to 1929 stock market crash and great depression.
scotteboro boys
nine young african american youth boys accused and unfairly trialed and convicted of raping two white in Alabama in 1931.
GNP (Gross National Product)
total amount of goods and services a nation produces.