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16 Cards in this Set
- Front
- Back
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Price support |
The government would buy surplus crops at guaranteed prices and sell them on the world market. |
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cretit |
buy now, pay later |
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Dow Jones Industrial Average |
Measure based on stock prices of 30 representative large firms trading on the NY stock exchange. |
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Speculation |
Bought stock and bonds on the chance of a quick profit, while ignoring the risks |
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Buying on margin |
Paying a small percentage of stock prices as a down payment, and borrowing the rest. |
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Black Tuesday |
(October 29 now known as black Tuesday) Bottom fell out of the market and the nations confidence. |
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Great Depression |
(1929-1940) the economy plummeted and underemployment skyrocketed. |
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Hawley-Smoot Tariff Act |
established highest protective tariff in US history. |
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Shantytown |
Little towns consisting of shakes- sprang up |
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Soup Kitchen & bread line |
offering free or low cost food and bread lines, lines of people waiting to receive food. |
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Dust Bowl |
period of severe dust storms that greatly damaged the ecology during the 1930s |
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Direct relief |
Cash payments or food provided by the government to the poor. |
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Boulder Dam |
dam on the Colorado River, on the boundary between SE Nevada and NW Arizona. 726 feet (221 meters) high; 1244 feet (379 meters) long. |
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Federal Home Loan Bank Act |
lowered mortgage rates for homeowners, allowed farmers to refinance their farm loans, and avoid foreclosure. |
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Reconstruction Finance |
Authorized up to $2 billion for emergency financing for banks, life-insurance, other large businesses. |
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Bonus Army |
Name of an assemblage of some 43,000 marchers—17,000 World War I veterans, their families, and affiliated groups. In 1932 demanded cash-payment redemption of their service certificates. |
