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22 Cards in this Set

  • Front
  • Back
Herbert Hoover
President during the great Depression
undertaking risk on stocks or real estate for the chance of profit
Welfare Capitalism
industrial policy of meeting workers' needs with increased pay and benefits for the purpose of preventing labor union organization
Gross National Product (GNP)
Total Amount of goods and services a nation produces: used to gauge economic strength
Father Devine
a Harlem Evangelist
Towns of makeshift houses built by homeless people during the Great Depression
Elanor Roosevelt
FDR's wife
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
Dow Jones Industrial Average
An average of the prices of the stock of the leading industries that gauges the health of the Stock Market
Buy On Margin
practice of buying stocks by paying 10 to 50 percent of the full price and borrowing the rest: common in the 1920s before the Stock Market Crash of 1929
Something pledged as security for a loan that can be claimed by the lender if the loan is not repaid
Scottsboro Boys
Nine African Americans accused and unfairly tried and convicted of raping two white women in Alabama in 1931;gained national support and recieved new trials by order of the Supreme Court
- the economic and political philosophy that advocates collective ownership of factories and property
- A person who advocates the principles of Socialism
Norman Thomas
Socialist Presidential candidate in the 1932 election
21st Ammendment
constitutional ammendment of 1933 repealing the 18th ammendment, thus ending prohibition
Empire State Building
-a dramtic symbol of hope
-won the world's tallest building race
Hawley-Smoot Tariff
import tax levied in 1930, the highest in United States history; produced the opposite of its intended effect when international trade slowed
Reconstruction Finance Corporation
Gov't organization set up by Hoover in 1932 that gave gov't loans to banks
John Maynard Keyes
British economist
Bonus Army
group of WW1 vets who marched to Washington in 1932 asking to recieved their pension bonus early
Franklin Delano Roosevelt
Democrat nominee in the Election of 1932