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.