U.S. History: Sem. 2 (Ch 14-16) Vocab Flashcards
term specifically referring to paying a small percentage of a stock’s price as a down payment and borrowing the rest
buying on margin
this Republican won the presidential election 1928
Herbert Hoover
little towns consisting of shacks
shantytowns
organization set up to loan money to smaller banks trying to stave of bankruptcy
National Credit Corporation
term refers to the stock market crash of October 29, 1929
Black Tuesday
this is the period from 1924 to 1940 in which the economy plummeted and unemployment skyrocketed
Great Depression
in an effort to curb the financial loss farmers were suffering, COngress tried to pass the McNary-Haugen bill, which would have mandated this on key crops
price support
organization set up to provide 2 billion dollars in loans to big businesses to try and end the Depression
Reconstruction Finance Corporation
this Democrat lost the presidential election of 1928
Alfred Smith
this term is the name of the most widely used measure of the stock market’s health
Dow Jones Industrial Average
this arrangement in which consumers agree to buy now and pay later for purchases, often on an installment plan that includes interest charges
credit
organization that attempted to create farm cooperatives
Federal Farm Board
this term refers to making extremely risky business transactions on the chance of making quick or considerable profits
speculation
organization set up to help lower mortgage rates for homeowners and allow farmers to refinance their farm loans
Federal Home Loan Bank
this reduced the flow of goods into the United States and prevented other countries from earning American currency to buy American exports
Hawley-Smoot Tariff Act
this required corporations to provide complete information on all stock offerings, with the greater goal of restoring public confidence in the stock market
Federal Securities Act
this established the Federal Deposit Insurance Corporation (FDIC) with the greater goal of restoring public confidence in the banking system
Glass-Stegall Act
this helped to create prosperity in a poverty-stricken region by providing funds to build and repair dams, flood-control, the aged and the ill.
Tennessee Valley Authority
this put almost 3 million young men to work building roads, developing parks, and helping in soil-erosion and flood-control projects
Civilian Conservation Corps
this paid farmers to lower production and, in some cases, to destroy crops, with the greater goal of raising crop prices and farm income
Agricultural Adjustment Act
this authorized the Treasury Department to inspect banks and to close those that were unsound, with the greater goal of restoring public confidence in the banking system
Emergency Banking Relief Act
this created an administration that set fair prices on many products and established labor standards, with the greater goal of ensuring fair business practice and promoting industrial growth
National Industrial Recovery Act