| A | B |
|---|
| Alfred E Smith | Democratic presidential candidate in 1928 |
| speculation | investment in high risk ventures |
| buying on the margin | Buying stock by paying only a portion of the full cost up-front with promises to pay the rest later |
| Black Tuesday | October 29,1929, the day stock market crashed |
| Great Depression | Period of bad economic times in the US that lasted from 1929 to 1941 |
| Dow Jones Industrial Average | index of stock prices of select companies |
| Hawley Smoot Tariff Act | Law that raised taxes on imports and worsened the Depression |
| Dust Bowl | Area of the Great Plains made worthless for farming by drought and dust storms in the 1930's |
| shantytown | a neighborhood where people live in shacks |
| soup kitchen | Place where free food is served to the needy |
| bread line | a line of people waiting for free food |
| direct relief | money or food given directly from the govt to the needy |
| Herbert Hoover | republican nominee in 1928, 31st president |
| Reconstruction Finance Corporation | Agency establish in 1932 to provide emergency relief to large businesses , insurance companies and bank |
| Bonus Army | unemployed WWI veterans who marched to Washington to demand their bonuses |
| drought | a long period of unusually low rainfall |
| economic cycles | periods of good times, or prosperity, alternating with periods of economic hard times |
| foreclosure | the taking of mortgaged property by the lender because the borrower cannot make the payemnts on the loan |
| Great Plain | a large flat area of west-central US originally covered by a type of grass that does not need much rain and that has strong roots which hold the soil in place |
| mortgage | payments made to pay back the loan used to buy a house or land |
| bull market | when the stock market is increasing |
| bear market | when t the stock market is decreasing |
| Rugged Individualism | Hoover's theory that people should work on their own to overcome hardship |
| Boulder Dam | work project begun under Hoover's Administration |
| Hoovervilles | shantytowns named after president |
| credit | promise to pay something later |
