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21 Cards in this Set
- Front
- Back
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buy on margin
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people paid a fraction of the price 10% to 50% and borrowed the rest.
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21st Amendment
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end to national hypocristy and as a curb on gangsters who prospered from bootlegging.
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hoovervilles
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mocking the president whom people blamed for the crisis.
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speculation
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taking chances in the stock market became widespread.
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collateral
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security for loans to buy more stocks.
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welfare capiltalism
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employers raised wages and provided benifits.
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reconstruction finance corporation
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Hoover gave the government credit to banks so that they coulde extended loans.
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socalists
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called for gradual social and economic changes rather than revolution.
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hawley-smoot tariff
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the highest import tax in history. The Congress tried to protect domestic industries from foreign imports.
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bonus army
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bonus marchers were generally peaceful but had few violence over the government.
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John Maynard Keynes
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he had a theory of that massive government spending could help a collapsing economy and encourage more private spending.
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norman thomas
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won the presdential election.
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dow jones industrial average
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an average of stock prices of leading industries.
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Franklin Delano roosevelt
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followed a family tradition of political and social activism.
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installment buying
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people purchase expensivew items and pay for them with intrest over many months.
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father divine
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opened soup kitchens that fed hungry thousands every day.
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scotterboro boys
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9 Afrcian Americans was charged of raping two white women.
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emire state building
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a dramatic symbol of hope is the largest building in nyc.
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real wages
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what money could actually buy increased more than 40%.
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Eleanor Roosevelt
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he set up an unemployment commision and a relief administration.
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the gross national product
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the total annual value of goods and services a country produces.
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