Great Depression Terms
1.) Black Tuesday - The Wall Street Crash of 1929 bean in late october 1929 an was the most devaststing stock market crash in the history of the US.
2.) Stock Market Crash -a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a loss of paper wealth.
3.)Buying on Margin - borrowing money from a broker to purchase stock. You can think of it as a loan from your brokerage.
4.)Overproduction - the accumulation of unsalable inventories in the hands of businesses
5.)Underconsumption - purchase of goods and services at a level lower than that of their supply
6.)Hawley-Smoot Tariff Act - an act sponsored by Senator Reed Smoot and Representative Willis C. Hawley and signed into law on June 17, 1930, that raised U.S. tariffs on over 20,000 imported goods to record levels.
7.) Spectulative Bubble - A spike in asset values within a particular industry, commodity, or asset class. A speculative bubble is usually caused by exaggerated expectations of future growth, price appreciation, or other events that could cause an increase in asset values.
8.) Bonus Army - the popular name of an assemblage of some 43,000 marchers—17,000 World War I veterans, their families, and affiliated groups—who gathered in Washington, D.C., in the spring and summer of 1932 to demand cash-payment redemption of their service certificates
9.) Hoovervilles - a shantytown built by unemployed and destitute people during the Depression of the early 1930s.
10.) New Deal - A group of government programs and policies established under President Franklin D. Roosevelt in the 1930s; the New Deal was designed to improve conditions for persons suffering in the Great Depression.
11.) First Hundred Days - a sample of the first 100 days of a first term presidency of a president of the United States. It is used to measure the successes and accomplishments of a president during the time that their power and influence is at its greatest.
12.) Dust Bowl - an area of Oklahoma, Kansas, and northern Texas affected by severe soil erosion