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22 Cards in this Set
- Front
- Back
Herbert Hoover
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President during the great Depression
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Speculation
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undertaking risk on stocks or real estate for the chance of profit
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Welfare Capitalism
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industrial policy of meeting workers' needs with increased pay and benefits for the purpose of preventing labor union organization
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Gross National Product (GNP)
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Total Amount of goods and services a nation produces: used to gauge economic strength
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Father Devine
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a Harlem Evangelist
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Hooverville
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Towns of makeshift houses built by homeless people during the Great Depression
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Elanor Roosevelt
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FDR's wife
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real wages
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value of income adjusted to account for inflation: used to compare wages in different time periods
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Installment Buying
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A method of paying for an expensive item over many months in installments and including interest
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Dow Jones Industrial Average
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An average of the prices of the stock of the leading industries that gauges the health of the Stock Market
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Buy On Margin
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practice of buying stocks by paying 10 to 50 percent of the full price and borrowing the rest: common in the 1920s before the Stock Market Crash of 1929
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Collateral
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Something pledged as security for a loan that can be claimed by the lender if the loan is not repaid
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Scottsboro Boys
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Nine African Americans accused and unfairly tried and convicted of raping two white women in Alabama in 1931;gained national support and recieved new trials by order of the Supreme Court
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Socialist
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-Socialism
- the economic and political philosophy that advocates collective ownership of factories and property -Definition - A person who advocates the principles of Socialism |
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Norman Thomas
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Socialist Presidential candidate in the 1932 election
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21st Ammendment
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constitutional ammendment of 1933 repealing the 18th ammendment, thus ending prohibition
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Empire State Building
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-a dramtic symbol of hope
-skyscraper -won the world's tallest building race |
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Hawley-Smoot Tariff
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import tax levied in 1930, the highest in United States history; produced the opposite of its intended effect when international trade slowed
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Reconstruction Finance Corporation
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Gov't organization set up by Hoover in 1932 that gave gov't loans to banks
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John Maynard Keyes
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British economist
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Bonus Army
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group of WW1 vets who marched to Washington in 1932 asking to recieved their pension bonus early
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Franklin Delano Roosevelt
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Democrat nominee in the Election of 1932
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