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Chapter 15

The Great Crash

AB
creditan arrangement in which consumers buy now and pay later for purchases
Dow Jones Industrial Averagemeasure of stock market health based on 30 representative large companies
speculationbuying stocks and bonds on the chance of a quick profit
buying on marginpaying a small percentage of a stock's price as a down payment and borrowing the rest
Black TuesdayOctober 29, 1929 the stock market crash
Great Depressionperiod from 1929 to 1940 in which the economy crashed and unemployment rose to historic heights
Hawley-Smoot Tariffestablished the highest tariff in US history to date
shantytownlittle towns consisting of shacks
soup kitchensoffered free or low cost food to the unemployed and poort
bread lineslines of people waiting for free food from charitable organizations
Dust Bowlarea of dust storms caused by drought, erosion and poor conservation practices in Texas, Kansas, Oklahoma and New Mexico
Herbert Hooverself-made man elected president in 1928
Boulder Damdam on the Colorado River, built to provide water and electricity to a growing West
Reconstruction Finance Corporation (RFC)approved emergency financing for banks, insurance companines and other large companies
Bonus ArmyWWI veterans who marched on Washington to pressure Congress to give promised bonus money early


Social Studies teacher
Central Springs High School
Manly, IA

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