GREAT DEPRESSION TERMS Flashcards
1
Q
Welfare capitalism
A
Companies met some of workers needs without help from the union
2
Q
Speculation
A
Buy low sell high
3
Q
Buying on margin
A
Investors purchase stock for a fraction of the cost
4
Q
Black Tuesday
A
Extreme increase in the number of stock shares sold
5
Q
Great crash
A
Collapse of the stock marker
6
Q
Great Depression
A
Severe economic decline
7
Q
Hoovervilles
A
Shelters of homeless people made from scraps of material named after president hoover
8
Q
Dust bowl
A
Region in the Great Plains where drought and dust storms took placr
9
Q
21st amendment
A
Repeals prohibition
10
Q
Bonus army
A
20,000 jobless WWI vets and their families camp out in DC
