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20 Cards in this Set
- Front
- Back
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Business Cycle |
The periodic growth and contraction of a nation's economy. |
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Bank Run |
When people rushed to banks to take out all their savings, fearful that the banks would run out of money. |
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Collateral |
An item of value that a borrower agrees to forfeit to the lender if the they cannot repay the loan. |
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Hooverille |
The shanty towns built by homeless people during the Great Depression. |
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20th Amendment |
It changed the date presidents took office from March 4th to January 20th. Changed start of Congress to January 3rd. It put an end to the Lame Duck period. |
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21st Amendment |
The amendment that repealed prohibition. |
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Polio |
This is a serious illness that can cause paralysis and death. This is the disease that caused Franklin Roosevelt to loose the use of his legs. |
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Lame Duck |
This is the period of time between the election of a new president and his swearing in as president. The current president during this time usually cant get any bills passed because Congress is waiting for the new leader to take charge. |
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[RFC] Reconstruction Finance Corporation |
It made loans to major economic institutions such as banks, insurance companies and railroads. |
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Hoover Blankets |
The blankets the poor used during the Great Depression. Named after President Hoover who was blamed for the Depression. |
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Black Thrusday |
Thursday, October 24, because the Dow Jones had dropped to record lows the day before investors started to sell stocks and the prices fell. This was the start of the stock market crash. |
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Black Tuesday |
October 29, 1929; the day the stock market crashed. |
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Dow Jones |
An average of all the stock prices of major industries. |
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Great Depression |
The economic crisis beginning with the stock market crash in 1929, and continuing through the 1930s. |
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Dust Bowl |
Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages. |
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Scottsboro Boys |
These were 9 African American boys who were wrongly accused of raping a white woman in the south. It took many years to overturn the conviction. |
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Penny Auction |
Farm auctions during the Great Depression at which neighbors saved each others property from foreclosure by bidding low. |
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Empire State Building |
The tallest building in the world at the time, this skyscraper designed by John J. Raskob was a symbol of hope during the Depression. |
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Hawley-Smoot Tariff |
It was a 1930's import tax, the highest in history of the U.S. designed to keep out cheaper European goods. |
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Bonus Army |
Group of WWI vets that marched to D.C. in 1932 to demand the immediate payment of their government war bonuses in cash. |
