| A | B |
|---|
| Price support | “the maintenance of a price at a certain level through government intervention”. |
| Credit | ” an arrangement in which a buyer pays later for a purchase, often on an installment plan with interest charges” |
| Dow Jones Industrial Average | “a measure based on the prices of the stocks of 30 large companies, widely used as a barometer of the stock market’s health.” |
| Speculation | “an involvement in risky business transactions in an effort to make a quick or large profit.” |
| Buying on margin | “the purchasing of stocks by paying only a small percentage of the price and borrowing the rest.” |
| Black Tuesday | “a name given to October 29, 1929, when stock prices fell sharply.” |
| Great Depression | “a period, lasting from 1929 to 1940, in which the U.S. economy was in severe decline and millions of Americans were unemployed.” |
| Hawley-Smoot Tariff Act | “a law, enacted in 1930, that established the highest protective tariff in U.S. history, worsening the depression in America and abroad.” |
| Shantytown | “a neighborhood in which people live in makeshift shacks.” |
| Soup kitchen | “a place where free or low cost food is served to the needy.” |
| Bread line | “a line of people waiting for free food.” |
| Dust Bowl | “the region, including Texas, Oklahoma, Kansas, Colorado, and New Mexico, that was made worthless for farming by drought and dust storms during the 1930s.” |
| Direct relief | “the giving of money or food by the government directly to needy people.” |
| Herbert Hoover | “President of the Unites States at the beginning of the Great Depression.” |
| Boulder Dam | “At 726 ft. high and 1,244 ft. long it would be the world’s tallest dam and the second largest dam.” |
| Federal Home Loan Bank Act | “a law, enacted in 1931, that lowered home mortgage rates and allowed farmers to refinance their loans and avoid foreclosure.” |
| Reconstruction Finance Corporation | “an agency established in 1932 to provide emergency financing to banks, life-insurance companies, railroads, and other large businesses.” |
| Bonus Army | “a group of WWI soldiers the came to Washington in the spring of 1932 to try to persuade the government to pay them a bonus of $500 that they were to receive in 1945.” |
