A | B |
the maintenance of a price at a certain level through government intervention | Price support |
ability to obtain goods or services before full payment, trust for future repayment | credit |
Democratic nominee for President , ran against Hoover, in 1928. | Alfred E. Smith |
index of stock prices on New York Stock Exchange | Dow Jones Industrial Average |
investor buy stock with the hope that stock price will increase to turn a quick profit | Speculation |
October 29, billions of dollars lost, stock market crash, | Black Tuesday |
period from 1929 to 1941, economy faltered and unemployment soared | Great Depression |
passed June 1930, raised prices on foreign imports to such a level that they could not compete in the American market. | Hawley-Smoot Tariff Act |
a.k.a. Hoovervilles, made of tents and shacks built on public land or vacant lots. | Shantytown |
area of the country that suffered from a combination of drought, loose topsoil and high winds that blew clouds of dust east. | Dust Bowl |
the use of federal resources (money or food) to provide public assistance | Direct Relief |
a.k.a. Hoover Dam; on the Colorado River, part of public works program | Boulder Dam |
created to oversee Savings and Loans and to provide funds for loans for housing | Federal Home Loan Bank Act |
1932, act gave over 1 billion in government loans to railroads and large businesses. Also, lent money to banks to give loans to struggling businesses. | Reconstruction Finance Corporation |
World War 1 veterans that came to Washington,D.C. seeking the bonus Congress had promised | Bonus Army |
make shift shantytowns set up by homeless people | Hooverville |
dust bowl refugees (regardless of state) | Okies |
policy where problems could best be solved at local and state levels. | localism |
theory that money poured into the top of the economic pyramid will trickle down to the base | Trickle Down Economics |
Army General sent to clear the area affected by the bonus army | Douglas MacArthur |