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45 Cards in this Set
- Front
- Back
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stock market
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- a system buying and selling stocks in corporations
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bull market
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- a long period of rising stock prices
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margin
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- buying a stock by paying only a fraction of the stock pricing and borrowing the ra est
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margin call
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- demand by a broker that investors pay back loan made for stocks purchased on margin
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speculation
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- investing money at great risk with the anticipation that the price will rise
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Black Tuesday
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- prices took the steepest dive yet
- $10 to $15 billion in value |
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installment
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- buying an item on credit with a monthly planto pay off the value of the good
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Hawley-Smoot Tariff
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- raising the average tariff rate to the highest level in American history
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Alfred E. Smith
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- four time governor of New York
- was an Irish American from NY's lower east side - first Roman Catholic ever nominated to run for president |
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bread lines
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- received a free handout of food
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Soup kitchens
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- which private charities set up to give poor people a meal
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bailiffs
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- minor officer of the courts
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Shantytowns
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- a poor section of town consisting of crudely built dwellings usually made of wood
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Hoovervilles
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- nickname given to shantytowns in the United States during the depression
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Hobos
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- a homeless and usually penniless wanderer
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Dust bowl
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- name given to the area of the southern Great Plains severely damaged by drought and dust storms during the 1930s
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Marlene Dietrich
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- portrayed a range of roles with subtlety
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Greta Garbo
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- often played a doomed beauty, directed and unhesitating in her speech and action
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Walt Disney
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- produced the first feature length animated film
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soap operas
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- a serial drama on television or radio using melodramatic situation
- responded by the soap company |
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Thomas Hart Benton
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- led the regionalist school
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Grant Wood
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- led regionalist school
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John Steinbeck
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- added flesh and blood to journalist's report of poverty and misfortune
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William Faulkner
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author of "The Sound and Fury"
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Margaret Bourke-Whites
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- striking pictures, displayed in Fortune magazine, showed the ranges of drought
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Who cleared the way for Hoover?
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- Calvin Coolidge
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Prohibition stance
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- "dry" favored ban on liquor sales
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Protestants believed that the __________ would ________ the White House
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- Catholic Church
- control |
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Why did many investors buy stocks on speculation in the late 1920s?
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- speculation became popular because of the bull market
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Black Thursday
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- happened on October 24, 1929
- market plummeted - Groucho Marx (comic star) was wiped out |
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installment plans
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- buying items with a small down payment and make monthly payments
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Bank run
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- many depositors withdraw their money at once, causing the banks to collapse
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Way the stock market crash weakened the banks
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- speculators defaulted on their loans
- banks had invested in the stock market and lost money |
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Black Tuesday
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- stocks fell more than ever before
- happened on October 29, 1929 |
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Causes of the Depression
1. ______ distribution of _______. |
1) Uneven, income
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2. result of ________ plans: lower demand for ________ resulting in a _______ in manufacturing
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2) installment, goods, slowdown
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3. __________ sales decreased
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3) Export
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4. ________ reserve made mistakes
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4) Federal
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Republican: ___________
Took credit for __________ of 1920s |
- Herbert Hoover
- prosperity |
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Herbert Hoover ________ the election
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- won
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public work
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- projects such as highways, parks and libraries built with public funds for public use
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Reconstruction Finance Corporation
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- to make loans to banks, railroads and agricultural institutions
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relief
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- money that went directly to impoverished families
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foreclosed
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- to take possession of a property from a mortgager because of defaults on payments
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Bonus Army
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- marchers
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