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20 Cards in this Set
- Front
- Back
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Price Support |
The maintenance of a price at a certain level through government intervention. |
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Credit |
Arrangement in which a buyer pays later for a purchase often on an installment plan with interest charges. |
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Alfred E. Smith |
Democratic Nominee who ran for President against Republican Herbert Hoover. Was NY governor, came from poor background. |
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Speculation |
An involvement in risky business transactions in an effort to make a quick or large profit. |
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Buying on Margin |
Purchasing of stocks by paying only a small percentage of the price and borrowing the rest. |
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Black Tuesday |
Name given to October 29, 1929, when stock prices fell sharply. |
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Great Depression |
Period lasting from 1929 to 1941 in which the U.S. economy was in severe decline and millions of americans were unemployed. |
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Dow Jones Industrial Average |
A measure based on the prices of the stocks of 30 large companies, widely used as a barometer of the stock market's health. |
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Hawley-Smoot Tariff Act |
A law enacted in 1930, that established the highest protective tariff U.S. history, worsening the depression in American and abroad. |
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Dust Bowl |
Region extending from Texas to North Dakota that was made worthless from farming by drought and dust storms during the 1930s. |
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Shantytown |
A neighborhood in which people live in shacks. |
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Soup Kitchen |
A place where free food is served to the needy |
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Bread line |
A line of people waiting for free food |
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Direct relief |
The giving of money or food by the government directly to needy people. |
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Herbert Hoover |
U.S. President during Stock Market Crash |
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Boulder Dam |
Dam on the colorado river, now called the Hoover Dam, that was built during the depression to provide jobs. |
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Federal Home Loan Bank Act |
A law enacted in 1931 that lowered home mortgage rates and allowed farmers to refinance their loans and avoid foreclosure. |
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Reconstruction Finance Corporation |
An agency established in 1932 to provide emergency financing to banks, insurances, and other large businesses. |
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Bonus Army |
A group of unemployed WW1 veteran and their families who marched on D.C. in 1932 to demand the immediate payment of a bonus they were promised for military service. |
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Hooverflags |
Empty pockets, made fun of Hoover. Sort of like how shanty towns were also called Hoovervilles. Bunch of people blamed Hoover. |
