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Hunt- Chapt 12 &13
Question | Answer |
---|---|
1. specualtion | when investors take high risks to make a big profit |
2. black tuesday | oct 29, 1929. stock market crashed |
3. business cycle | explains periodic growth and contraction of the economy |
4. great depression | 1929-1941 where the economy faltered and unemplayment soared |
5. hawley-smoot tariff | raised taxes on imports |
6. bread line | lines of people waiting for handouts from charities and public agencies |
7. hoovervilles | makeshift shantytowns |
8. tenant farmers | worked for bigger landowners rather than themselves |
9. dust bowl | area of large drought in midwest |
10. okies | dust bowl refugees |
11. repatriation | encourages mexican immigrants to move back to mexico |
12.localism | policy whereby problems could be solved at a local and state level |
13.reconstruction finance corporation | gave more than a billion dollars in gov laons to large businesses and RR |
14. trickle-down economics | theory that money at the top of the economic pyramid would trickle down to the base |
15. hoover dam | dam on the colorado river built during the great depression |