Ch 22: The Great Depression Begins

stock market
a system for buying and selling stocks in corporations

buying on margin
buying a stock by paying only a fraction of the stock price and borrowing the rest

Hooverville
nickname given to shantytowns in the United States during the Depression

hobo
hobo
a homeless and usually penniless wanderer

foreclose
to take possession of a property from a mortgagor because of defaults on payments

Reconstruction Finance Corporation
Congress set this up to make loans to banks, railroads, and agricultural institutions

“Bonus Army”
this is what the press termed the marchers as – in May 1932 when several hundred Portland, Oregon, Veterans set off on a month-long march to Washington to lobby Congress to pass the legislation and along the way other veterans kept joining and they numbered about 1,000 (they sang old songs and reminisced about army days

Shantytown
Shantytown
A settlement made up of crudely built shacks often built by unemployed people. Common during the Great Depression.

Soup Kitchen
Soup Kitchen
A place where food is provided to the needy at little or no charge.

Bread Line
Bread Line
Common during the Great Deprssion, it was a place for people to wait for food handouts from charities or public agencies.

Dust Bowl
Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages.

Direct Relief
Direct Relief
Cash payments or food provided by the government to the poor.

Suicides
Suicides
Rose by 30% between 1928 and 1932.

credit
Buy now pay later.

speculation
Investing in the hopes that a quick profit will be made.

Black Tuesday
October 29, 1929

The Great Depression
America between 1929 to 1940.

Dow Jones Industrial Average
Dow Jones Industrial Average
How we measure the health of the stock market.

Price Supports
Program by the government to help farmers survive.

FDR
Won the Presidential election of 1932.

over farming
man made contribution to the dust bowl

Price-supports Maintenance of a price at a certain level through government intervention. Credit arrangement in which consumers agreed to but now and pay later for purchases. WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR …

Price Supports Attempt to help ease farmers’ financial problems by the government buying surplus or extra crops and selling them in Europe or abroad. Great Depression The period from 1929 to 1940 in which the nation suffered from a continuous …

margin call Demand by a broker that investors pay back loans made for stocks purchased on margin. bull market A period of increased stock trading and rising stock prices. WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY …

“a chicken in every pot and a car in every garage” Hoover’s 1928 campaign pledge. Left Americans disillusioned and demanding the governments help Herbert Hoover President from 1929 to 1933 (time after the Great Depression), called on businesses to help …

Laissez faire Idea that government should not interfere in the economy Hoovervilles Popular name for shanty towns built by homeless people during the great depression WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY …

Section 1 A time of economic downturn and high unemployment between 1929 and 1941 Great Depression WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY $13.90/PAGE Write my sample The periodic expansion and contraction …

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