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American History 2 Unit 6 pt.1 Vocabulary list

AB
the generation reaching maturity during and just after World War I, a high proportion of whose men were killed during those years.Lost Generation
government assistance in maintaining the levels of market prices regardless of supply or demand.Price Support
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.Credit
price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq.Dow Jones Industrial Average
investment in stocks, property, or other ventures in the hope of gain but with the risk of loss.Speculation
October 29, 1929. On this date, share prices on the New York Stock Exchange completely collapsed, becoming a pivotal factor in the emergence of the Great Depression.Black Tuesday
the economic crisis and period of low business activity in the U.S. and othercountries, roughly beginning with the stock-market crash in October, 1929,and continuing through most of the 1930'sGreat Depression
a deprived area on the outskirts of a town consisting of large numbers of crude dwellings.Shantytown
Parts of Oklahoma, Kansas, Colorado, New Mexico, and Texas that were hit hard by dry topsoil and high winds that created blinding dust storms; this area of the Great Plains became called that because winds blew away crops and farms, and blew dust from Oklahoma to Albany, New York.Dust Bowl
money or food given directly from the gov. to the needyDirect Relief
a dam on the Colorado River, on the boundary between SE Nevada and NW Arizona. 726 ft. (221 m) high; 1244 ft. (379 m) long. Official name, Hoover Dam.Boulder Dam
An act passed by the Hoover administration in 1932 that was designed to encourage homeownership by providing a source of low-cost funds for member banks to extend mortgage loans.Federal Home Loan Bank Act
a collection of huts and shacks, as at the edge of a city, housing the unemployed during the 1930s.Hoovervilles
government corporation in the United States that operated between 1932 and 1957 which provided financial support to state and local governments and made loans to banks, railroads, mortgage associations and other businesses.Reconstruction Finance Corporation
policy relied on by President Hoover in the early years of the great depression whereby local and state government acts as primary agents of economic reliefLocalism
a term used to describe the belief that if high income earners gain an increase in salary, then everyone in the economy will benefit as their increased income and wealth filter through to all sections in societyTrickle Down Economics
United States general who served as chief of staff and commanded Allied forces in the South Pacific during World War II; he accepted the surrender of Japan (1880-1964)Douglas MacArthur
WWI Veterans who were seeking early payment of a pension bonus for their service.Bonus Army
32nd President of the United States; elected four times; instituted New Deal to counter the Great Depression and led country during World War II (1882-1945)F.D.R.
used to measure the successes and accomplishments of a president during the time that their power and influence is at its greatest.First 100 Days


John Motley Morehead High School

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