The Great Depression Begins - Chapter 22 Flashcards

To understand the causes and consequences of the Great Depression and the futility of Hoover's actions to limit the damage

1
Q

Agency established in 1932 to provide emergency relief to large businesses, insurance companies, and banks

A

Reconstruction Finance Corporation

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2
Q

Index of stock prices of select companies

A

Dow Jones Industrial Average

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3
Q

October 29, 1929, the day the stock market crashed

A

Black Tuesday

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4
Q

Investments in high-risk ventures

A

Speculation

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5
Q

Buying stock by paying only a portion of the full cost up-front with promises to pay the rest later

A

Buying on margin

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6
Q

Democratic presidential candidate in 1928

A

Alfred E. Smith

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7
Q

Place where free food is served to the needy

A

Soup Kitchen

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8
Q

Short-term loans to buy goods with promises to pay later

A

Credit

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9
Q

Law passed in 1931 to reduce mortgage rates to save farmers from foreclosure

A

Federal Home Loan Bank Act

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10
Q

Period of bad economic times in the United States that lasted from 1929 to 1941

A

Great Depression

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11
Q

Law that keeps prices above a set level

A

Price support

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12
Q

Unemployed World War I veterans who marched to Washington to demand their war bonuses

A

Bonus Army

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13
Q

Area of the Great Plains made worthless for farming by drought and dust storms in the 1930s

A

Dust Bowl

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14
Q

A neighborhood where people live in shacks

A

Shantytown

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15
Q

Law that raised taxes on imports and worsened the Depression

A

Hawley-Smoot Tariff Act

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16
Q

31st President

A

Herbert Hoover

17
Q

Money or food given directly from the government to the needy

A

Direct Relief

18
Q

Dam on the Colorado River built during the Depression to create jobs

A

Boulder Dam

19
Q

A line of people waiting for free food

A

Bread Line