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great depression
great depression
18
Social Studies
12th Grade
12/06/2016

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Term
price support
Definition
maintenance of prices at a certain level through government intervention
Term
installment buying
Definition
purchaser pays for item over time
Term
Dow Jones Industrial Average
Definition
measure based on prices of stocks of 30 companies use as a barometer of stock market's health
Term
speculation
Definition
involvement in risky business transactions in effort to make quick large profit
Term
buying on the margin
Definition
purchasing of Stocks by paying a small percentage of price and borrowing the rest
Term
Black Tuesday
Definition
a name given to October 29th 1929 when stock prices fell sharply
Term
Great Depression
Definition
a period Lasting from 1929 to 1940 in which u.s. economy was in severe Decline and millions of Americans were unemployed
Term
Hawley Smoot Tariff Act
Definition
law enacted in 1930 that established highest protective tariff in history to protect American farmers from foreign competition
Term
shantytown
Definition
neighborhood in which people live in makeshift Shacks
Term
soup kitchen
Definition
free or low-cost food provided by National Urban League
Term
breadline
Definition
line of people waiting for free food
Term
Dust Bowl
Definition
region including Texas Oklahoma Kansas Colorado New Mexico made worthless for farming
Term
direct relief
Definition
giving of food and money from government directly to needy people
Term
parity
Definition
government-supported level for agricultural products intended to keep Farmers income steady
Term
Boulder Dam
Definition
Dam on Colorado River built during Great Depression. supplied water, growth of agriculture, and electricity
Term
Federal home loan Bank Act
Definition
1931 lowered home mortgages rates and allowed Farmers to refinance loans
Term
Reconstruction Finance Corporation
Definition
1932 to provide emergency findings to Banks and life insurance companies
Term
Bonus Army
Definition
World War 1 veterans and their families who marched Washington DC. 1000 soldiers
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