Chapter 15: Crash & Depression Vocab

Question 1

Dow Jones Industrial Average

Answer 1

measure of average stock prices of major industries

Question 2

Black Tuesday

Answer 2

October 29, 1929, the day on which the Great Crash of the stock market began

Question 3

Great Crash

Answer 3

the collapse of the American stock market in 1929

Question 4

Business Cycle

Answer 4

periods in which a nations’ economy grows, then contracts

Question 5

Great Depression

Answer 5

the most severe economic downturn in the nation’s history, which lasted from 1929-1941

Question 6

Hooverville

Answer 6

term used to describe a makeshift homeless shelter during the early years of the Great Depression

Question 7

Dust Bowl

Answer 7

term used to describe the central and southern Great Plains in the 1930s when the region sustained a period of drought and dust storms

Question 8

Penny Auction

Answer 8

farm auctions during the Great Depression at which neighbor’s saved each other’s property from foreclosure by bidding low

Question 9

Twenty-first amendment

Answer 9

Constitutional amendment ratified in 1933 to repeal Prohibition

Question 10

Hawley-Smoot tariff

Answer 10

the highest import tax in history, passed by Congress in 1930

Question 11

Reconstruction Finance Corporation (RFC)

Answer 11

corporation set up by President Hoover in 1932 to give government credit to a number of institutions, such as large industries, railroads, and insurance companies

Question 12

Bonus Army

Answer 12

a group of World War 1 veterans and their families who protested in Washington, D.C., in 1932, demanding immediate payment of a pension bonus that had been promised for 1945