| A | B |
|---|
| stock market | exchange (marketplace) where shares of stock are bought and sold |
| share of stock | share of ownership in company |
| margin buying | buying shares of stock by paying a fraction of the stock price and borrowing the rest from the broker |
| Hawley-Smoot Tariff | a tariff (tax) in 1930 on imported goods. Its purpose was to protect American agriculture and manufacturers. |
| What foreign countries did as a result of the Hawley-Smoot Tariff | Foreign countries purchased fewer American made products. U.S. trade suffered a sharp decline, the depression intensified. |
| Bonus Army | WWI veterans marched in Washington, D.C. to demand the bonus promised by Congress. |
| Outcomes of the Bonus Army March | Conflict broke out and two people were killed. President Hoover called in the federal troops who burned the veterans' camp. |
| Causes of the Dust Bowl | Prolonged drought, new technology (tractor) enable farmers to turn grasslands into cropland, high winds along with the lack of grasses to hold the topsoil in place |
| Location of the Dust Bowl | Southern Plains of the US- states- KS, OK, TX, CO and NM |
| Results of the Dust Bowl | 1) farmers went bankrupt and had to give up their farms, 2) people migrated to California, 3) government provided farmers with food and money 4) farmers were instructed in soil conservation |
| Length of Great Depression | 1929 until beginning of WWII (12 Years) |
| Causes of Great Depression | 1) widening gap between the rich and poor led to low demand for goods 2) overuse of credit to make purchases 3) businesses had large inventories of unsold goods 4) farmers produced too much food causing prices to fall and had large debts |
| Effects of Great Depression | 1) millions lose jobs 2) poverty is widespread 3) businesses and banks close 4) New Deal programs are established 5) slight improvement in economy, but depression continues |
| President Hoover's efforts to deal with Depression | Called for voluntary actions by private citizens and local governments, federal government steps in and authorizes spending for public works and lends money to businesses |
