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U.S. History Chapter 17 Vocabulary

AB
the maintenance of a price at a certain level through government interventionPrice support
ability to obtain goods or services before full payment, trust for future repaymentcredit
Democratic nominee for President , ran against Hoover, in 1928.Alfred E. Smith
index of stock prices on New York Stock ExchangeDow Jones Industrial Average
investor buy stock with the hope that stock price will increase to turn a quick profitSpeculation
October 29, billions of dollars lost, stock market crash,Black Tuesday
period from 1929 to 1941, economy faltered and unemployment soaredGreat 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 assistanceDirect Relief
a.k.a. Hoover Dam; on the Colorado River, part of public works programBoulder Dam
created to oversee Savings and Loans and to provide funds for loans for housingFederal 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 promisedBonus Army
make shift shantytowns set up by homeless peopleHooverville
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 baseTrickle Down Economics
Army General sent to clear the area affected by the bonus armyDouglas MacArthur


John Motley Morehead High School

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