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*Sonal* and Mr. Dupuis's CHAPTER 22 Vocab and Key Terms

All of the Vocabulary and Key Terms for Chapter 22! :)

price supportthe maintenance of a price at a certain level through government intervention
creditan arrangement in which a buyer pays later for a purchase, often on an installment plan with interest charges
Alfred E.SmithDemocrat that ran against Herbert Hoover
speculationan involvement in risky business transactions in an effort to make a quick or large profit
buying on marginthe purchasing of stocks by paying only a small percentage of the price and borrowing the rest
Great Depressiona period, lasting from 1929 to 1941, in which the U.S. economy was in severe decline and millions of Americans were unemployed
Dow Jones Industrial Averagea measurement based on the prices of the stocks of 30 large companies, widely used as a barometer of the stock market's health
Hawley- Smoot Tariff Acta law, enacted in 1930, that established the highest protective tariff in U.S. history, wosening the depression in America and abroad.
Dust Bowlthe region, extending from Texas to North Dakota, that was made worthless for farming by drought and dust storms during the 1930s
shantytowna neighborhood in which people lived in shacks
soup kitchena place where free food is served to the needy
bread linea line of people waiting for free food
direct reliefthe giving of money or food by the government directly to needy people
Herbert Hooverthe 31st president, whom people started to hate because he believed in the "DO NOTHING" administration
Boulder Damdesigned to jump-start the economy and odd jobs
Federal Home Loam Bank Actlowered mortgage rates for homeowners and allowed farmers to refinance their farm loans and avoid foreclosure
Reconstruction Finance Corporation(RFC) approved by Congress in January 1932 and authorized to provide emergency financing to banks, life insurance companies, railroads, and large businesses
Bonus ArmyVeterans and their families that arrived in Washington, D.C. from various parts of the country..


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