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12 Cards in this Set

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