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12 Cards in this Set
- Front
- Back
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In the late 1920s, the value of stocks on the New York___________climed to dizzying heights, reaching record levels in September 1929.
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stock exchange
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Because many investors lacked the money to continue purchasing stock, they bought ___________.
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on margin
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When people paid only a fraction of the stock price and borrowed the rest from their brokers, and brokers, in turn, borrowed their money from banks was called_________.
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on margin
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Panicked traders sold almost 13 million shares on October 24, a day that became known as ____________.
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"Black Thursday"
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The problems that led to ___________ began to give out warning signals in the early 1920s. Farm income shrank throughout the decade
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The Great Depression
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Small banks suffered when farmers __________, or failed to meet loan payments.
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defaulted
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Some referred bitterly to the shantytowns as _____________ because of President Hoover’s failure to act
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Hoovervilles
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President Hoover thought the ______________ was only temporary and that prosperity was “just around the corner.”
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economic crisis
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Aid for the needy
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relief
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Projects such as highways, parks, and libraries - to create new jobs.
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public works
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what lent money to businesses and also provided funds for state and local programs providing
relief. |
the Reconstruction Finance Corporation.
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The march by the _________turned many Americans, who were
already blaming Hoover for the Depression, firmly against the president. |
Bonus army
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