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19 Cards in this Set
- Front
- Back
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Price Support |
subsidies orprice controls that are leveraged by the government to artificially increase or decreaseprices, and alter the supply consumed/quantity demanded by individuals within the system. |
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Credit |
An arrangement in which consumers agreed to buy now and pay later for purchases. |
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Alfred E. Smith |
an American statesman who was elected Governor of New York four times and was the Democratic U.S. presidential candidate in 1928. |
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Dow Jones Industial Average |
Widely used barometer of the stock market's health.
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Speculation |
Investment in stocks, property, or other ventures in the hope of gain but with the risk of loss. |
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Buying on Margin |
Refers to the initial or down payment made to the broker for the asset being purchased. |
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Black Tuesday |
Began on October 24, 1929 and was the most devastating stock market crash in the history of the United States. |
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Great Depression |
The financial and industrial slump of 1929 and subsequent years. |
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Hawley-Smoot Tariff Act |
Was an act sponsored by Senator Reed Smoot and Representative Willis C.Hawley and signed into law on June 17, 1930. |
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Shantytown |
A deprived area on the outskirts of a town consisting of large numbers of crude dwellings. |
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Soup Kitchen |
A place where free food is served to those who are homeless or destitute. |
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Bread Line |
A line of people waiting to receive free food. |
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Dust Bowl |
Known as the Dirty Thirties, was a period of severe dust storms that greatly damaged the ecology and agriculture of the US and Canadian prairies during the 1930s; severe drought and a failure to apply dryland farming methods to prevent wind erosion that caused the phenomenon. |
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Direct Relief |
A nonprofit, nonpartisan organization with a stated mission to improve the health and lives of people affected by poverty or emergency situations by mobilizing and providing essential medical resources needed for their care. |
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Herbert Hoover |
Was the 31st President of the United States. He was a professional mining engineer and was raised as a Quaker. |
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Boulder Dam |
Is a concrete arch-gravity dam in the Black Canyon of the Colorado River, on the border between the U.S. states of Nevada and Arizona. |
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Federal Home Bank Act |
An act passed by the Hoover administration in 1932 that was designed to encourage homeownership by providing a source of low-cost funds for member banks to extend mortgage loans. |
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Reconstruction Finance Corporation |
Was a government corporation in the United States that operated between 1932 and 1957 which provided financial support to state and local governments and made loans to banks, railroads, mortgage associations and other businesses. |
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Bonus Army |
Was the popular name of an assemblage of some 43,000 marchers 17,000 World War I veterans, their families, and affiliated groups who gathered in Washington, D.C. |
