| A | B |
|---|
| price supports | Government setting a minimum price for farm products. |
| credit | The idea of buying now and paying later |
| speculation | Buying stock hoping that the price will rise. Basically a guess |
| buying on margin | Buying stock with only a % of the cost paid for up front |
| Herbert Hoover | President of the U.S. who failed to bring the U.S. out of the Great Depression |
| Great Depression | Period of American History where the economy bottomed out. From 1929-1941 |
| Black Tuesday | 10-29-29. Day the stock market crashed sending the U.S. into a depression |
| shantytowns | Slum areas built on the outskirts of town by homeless families |
| bread lines | Lines in which people waited for free frood provided by charitable organizations. |
| dust bowl | Area in the midwest part of the U.S. that was called this due to common dust storms that ruined the farm land. |
| okies | People, primarily Oklahomans, who migrated west to escape the problems of the dust bowl. |
| direct relief | Government assistance given directly to people affected by the depression. |
| Boulder Dam | Dam built under the Hoover administration to provide hydro-electric power and jobs for unemployed workers. |
| rugged individualism | What Hoover felt the American people should rely on to survive the depression. |
| federal home loan bank | Provided lower interest rate loans for farmers and homeowners so they could afford to keep their homes/farms. |
| reconstruction Finance Corporation | Federal organization that is designed to provide money to industry, Railroads, and banks so they would not go bankrupt. |
| Bonus Army | Group of WWI veterans who marched to Washington DC to protest to ge ttheir promised bonus checks. |
| Walter Waters | Leader of the Bonus Army. |
| Franklin D. Roosevelt | Democratic President who passed numerous reforms that pulled the U.S. out of the Depression. |
| New Deal | President Roosevelt's plan to end the depression. |
