American History Chapter 22
Margin
A small cash down payment
Stock market
A system for buying and selling shares of companies.
The stock market crash weakened the nations banks because
Banks had invested their deposits in the stock market.
October 29,1929, the day when stock prices took the steepest dive of that time, is known as
Black Tuesday
Margin call
Demanding investors to repay the loan at once
The Dust Bowl occurred because plowed land was left uncultivated and there was a terrible
Drought
Beginning in 1932, Americas pastures mad wheat fields from the Dakotas to Texas became a vast
Dust Bowl
What severely dampened commerce on both sides of the Atlantic and intensified the Depression in the U.S.
Hawley-Smoot Tariff
Stock prices first began to decline in late 1929 because
Investors began to sell their stock
Bull market
Long period of rising stock prices
Installment
Making small down payment and paying monthly.
Between 1930-1934, creditors foreclosed on nearly one million farms, & farmers retaliated in the following ways EXCEPT
Marching to Washington, D.C. to protest.
In order to protect loans made by stockbrokers to investors who bought stocks on margins, brokers could issue a
Margin Call
Relief
Money that went to impoverished families.
Thousands of WWI veterans came to Washington, D.C. In 1932 to lobby Congress to
Pass legislation giving veterans their promised bonus early.
A major campaign issue in the 1928 election was
Prohibition
A major reason for Herbert Hoover's landslide victory in the 1928 election was
Prosperity of the 1920's
Hoover believed that only state and city government should dole out
Relief
Bonus Army
Several hundred Portland, Oregon veterans set off on a month long march to Washington to lobby congress to pass legislation.
Shantytown
Shacks put up to unused or public lands.
The first feature-length animated film was
Snow White
Hoover did not want government to create many new jobs because that would mean increased government.
Spending
President Hoover opposed direct federal relief to the unemployed because he believed that
State and local government should dole out relief
Black Tuesday
Stock market prices took deepest dive.
Foreclose
Taking possession of
Speculation
Trying to make a fortune overnight, risk takers.
Hobo
Unemployed Americans wandering around the country.
Dust Bowl
Winds whipping the land for the Dakota's to Texas.