front 1 price support | back 1 The maintenance of a price level through government intervention |
front 2 Credit | back 2 An arrangement to receive cash, goods, or services now and pay for them in the future. |
front 3 Alfred E. Smith | back 3 The Democratic U.S. presidential candidate in 1928, who ran against republican candidate Herbert Hoover |
front 4 Dow Jones Industrial Average | back 4 index is made up of 30 large-cap stocks and is used to measure the performance of the equity market. |
front 5 speculation | back 5 involvement in risky business transactions in an effort to make a quick or large profit. |
front 6 buying on margin | back 6 the purchasing of stock by paying only a small percentage of the price and borrowing the rest |
front 7 Black Tuesday | back 7 a name given to October 29 1929, when stock prices fell sharply. |
front 8 Great Depression | back 8 a period lasting from 1929 to 1940 in which the us economy was in severe of decline and millions of Americans were unemployed. |
front 9 Hawley-Smoot Tariff Act | back 9 a law enacted in 1930 that established the highest protective tariff in US history worsening the depression in America in abroad. |
front 10 shantytown | back 10 a neighborhood in which people live in makeshift shacks. |
front 11 soup kitchen | back 11 a place where free or low-cost food is served to the needy. |
front 12 bread line | back 12 a line of people waiting for free food |
front 13 Dust Bowl | back 13 the region including Texas, Oklahoma, Kansas, Colorado, and New Mexico was made worthless for forming by drought and dust storms during the 1930s. |
front 14 direct relief | back 14 the giving of money or food by the government directly to needy people. |
front 15 Herbert Hoover | back 15 president during the great depression |
front 16 Boulder Dam | back 16 now called the hover dam built during the great depression as part of a public works program intended to stimulate business and provide jobs. |
front 17 Federal Home loan Bank Act | back 17 a law enacted in 1931, that lowered home mortgage rates and allowed farmers to refinance their loans and avoid foreclosure. |
front 18 Reconstruction Finance Corporation | back 18 an agency established in 1932 to provide emergency financing to banks, life insurance companies, railroads and other large businesses. |
front 19 Bonus Army | back 19 veterans and their families who marched on Washington D.C in 1932 to demand the immediate bonus they had been promised for military service |