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History Ch.12 Vocab
Question | Answer |
---|---|
1.Herbert Hoover | Republican candidate for 1928 election |
2.speculation | practice of making high-risk investments in hopes of obtaining large profits |
3.Black Tuesday | Oct. 29,1929 when the stock market crashed |
4.business cycle | periodic growth and contraction of the economy |
5.Great Depression | period lasting from 1929 to 1941 in which the U.S. economy faltered and unemployment soared |
6.Hawley-Smoot Tariff | protective import tax authorized by Congress in 1930 |
7.bread line | line of people waiting for food handouts from charities or public agencies |
8.Hooverville | term used to describe makeshift shantytowns set up by homeless people during the Great Depression |
9.tenant farmer | worked for bigger landowners rather than themselves |
10.Dust Bowl | term used for the central and southern Great Plains during the 1930s when the region suffered from drought and dust storms |
11.Okies | general term used to describe the Dust Bowl refugees |
12.repatriation | process by which Mexican Americans were encourged,or forced,by local,state and federal officals to return to Mexico during the 1930s |
13.localism | policy relied on by President Hoover in the early years of the Depression whereby local and state governments act primary agents of economic relief |
14.Reconstruction Finance Corporation | authorized emergency funds for businesses |
15.trickle-down economics | economic theory that holds that money lent to banks and businesses will trickle down to consumers |
16.Hoover Dam | dam on the Colorado River that was built during the Great Depression |
17.Bonus Army | group of WWI veterans who marched on Washington, D.C., in 1932 to demand early payment of a bonus promised them by Congress |
18.Douglas MacArthur | General of the U.S. Army in charge of disbanding the Bonus Army |