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Great Depression
Term | Definition |
---|---|
Great Depression | the financial and industrial slump of 1929 and subsequent yea |
Credit | an entry recording a sum received, listed on the right-hand side or column of an account. |
Price Support | government assistance in maintaining the levels of market prices regardless of supply or demand. |
Speculation | investment in stocks, property, or other ventures in the hope of gain but with the risk of loss. |
Buying on the Margin | the purchase of an asset by paying the margin and borrowing the balance from a bank or broker. |
Hawley Smoot | U.S. law enacted in June 1930 which caused an increase in import duties by as much as 50%. |
Black Tuesday | share prices on the New York Stock Exchange completely collapsed, becoming a pivotal factor in the emergence of the Great Depression. |
Soup Kitchen | a place where free food is served to those who are homeless or destitute. |
Dust Bowl | an area of land where vegetation has been lost and soil reduced to dust and eroded, especially as a consequence of drought or unsuitable farming practice. |
Direct Relief | is a nonprofit, nonpartisan organization with a stated mission to “improve the health and lives of people affected by poverty or emergency situations by mobilizing and providing essential medical resources needed for their care." |
Shantytown | a deprived area on the outskirts of a town consisting of large numbers of crude dwellings. |
Bonus Army | popular name of an assemblage of some 43,000 marchers—17,000 World War I veterans, their families, and affiliated groups—who gathered in Washington, D.C., in the spring and summer of 1932 to demand cash-payment redemption of their service certificates. |