Chapter 11- The Great Depression Flashcards
Collapse
To fall down or give in
Alfred E. Smith
Four time governor of New York. He was the first catholic to win a major party’s nomination for president
Stock market
A place where stock is sold and bought
Bull market
A market where share prices are rising and it encourages buying.
Margin
Making only a small cash down payment. As low as 10% of the price.
The edge or border of something
Margin call
Demanding the investor to repay the loan at once
Speculation
a message expressing an opinion based on incomplete evidence.
Black Tuesday
The day when the prices took the steepest dive. The Wall Street Crash and the Stock Market Crash of 1929
Sum
A particular amount of money
Bank run
Takes place when many depositors decide to withdraw their money at one time, usually because the bank is going to collapse.
Installment
A sum of money due as one of several equal payments for something, spread over an agreed period of time: “paid in installments”.
Harley Smoot tariff
Raised the average tariff rate to the highest level in American history
Suspended
Temporarily prevent from continuing or being in force or effect
Bailiffs
Court officers
Hobos
Wanderer that didn’t have a permanent home. They secretly rode in boxcars traveling place to place.
Dust bowl
An area where vegetation has been lost and soil eroded, esp. as a consequence of drought or unsuitable farming practice.
Walt Disney
United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck
Colleagues
A person with whom one works, esp. in a profession or business.
Soap operas
A television or radio drama series dealing typically with daily events in the lives of the same group of characters.
John Steinbeck
United States writer noted for his novels about agricultural workers
William Faulkner
United States novelist who wrote about people in the southern United States
Grant Wood
United States painter noted for works based on life in the Midwest
Series
A number of things, events, or people of a similar kind or related nature coming one after another
Public works
The work of building such things as roads, schools, and reservoirs, carried out by the government for the community.
Communities
A group of people living together in one place
Reconstruction Finance Corporation
The Reconstruction Finance Corporation was an independent agency of the US government
Relief
Money given directly to impoverished families
Force closed
Take possession of a mortgaged property as a result of someone’s failure to keep up their mortgage payments.
Bonus Army
The self-named Bonus Expeditionary Force was an assemblage of some 43,000 marchers—17,000 World War I veterans and their families.
