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Chapter 22: The Great Depression

AB
Alfred E SmithThis Democrat lost the presidential election of 1928.
Herbert HooverThis Republican won the presidential election of 1928.
Black TuesdayThis term specifically refers to the stock market crash of October 29, 1929.
Dow Jones Industrial AverageThis term is the name of the most widely used measure of the stock market's health.
price supportIn an effort to curb the financial loss farmers were suffering, Congress tried to pass the McNary-Haugen bill, which would have mandated this on key crops.
buying on marginThis term refers to paying a small percentage of a stock's price as a down payment and borrowing the rest.
speculationThis term refers to making extremely risky business transactions on the chance of making quick or considerable profits.
Hawley-Smoot Tariff ActThis reduced the flow of goods into the United States and prevented other countries from earning American currency to buy American exports.
creditThis is an arrangement in which consumers agree to buy now and pay later for purchases, often on an installment plan that includes interest charges.
Great DepressionThis is the period from 1924 to 1940 in which the economy plummeted and unemployment skyrocketed.


Jackson County Central High School

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