The Great Depression HS

Gross national product

Total value of all

Good and services produced in a nation

Buying on margin

Buying stocks with loans from stockbrokers

Federal Reserve System

The nations central bank

Black Tuesday

October 29,1929, the worst day id the stock market crash

Great depression

Most severe economic downturn in the history of the United States

Foreclosure

Lender taking over ownership of a property from an owner who has nor made loan payments

Hobo

Person who travels, usually by train in search of a job

Hooverville

Shantytown where homeless people who lived during the Great Depression

Drought

A period of below average rainfall

Dust Bowl

Areas where severe dust storms destroyed topsoil homes and farm equipment

Okie

A person who left he Dust Bowl to move to California

Wood Gurthrie

Singer and songwriter who wrote songs about the Great Depression

Associative state

Hoovers term for voluntary partnership between business association sand government

Hoover Dam

Dam built by private business and paid by the government

Cooperative

An organization owned and controlled by its members

Reconstruction finance corporation

Government program that provided money to banks and other institutions