The Americans Ch. 14 Quiz CambrUSH

Lucas Wang is a goober

Price Support

A government policy to maintain the market price of a commodity by buying up excess supply.

Credit

The ability of consumers to borrow money to purchase goods and services, which became more accessible in the 1920s.

Alfred E. Smith

A prominent Democrat who served as governor of New York and was the first Catholic presidential nominee in 1928.

Dow Jones Industrial Average

A stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.

Speculation

The act of buying financial assets, like stocks, with the expectation that they will increase in value.

Buying on Margin

The practice of purchasing stocks with borrowed funds, allowing investors to buy more stock than they could afford outright.

Black Tuesday

The day, October 29, 1929, when stock prices collapsed and marked the beginning of the Great Depression.

Great Depression

A severe worldwide economic downturn that lasted from 1929 until the late 1930s.

Hawley-Smoot Tariff Act

A legislation enacted in 1930 that raised tariffs on many imports, contributing to a decline in international trade.

Shantytown

A turbulent area of improvised housing often built by homeless people during the Great Depression.

Soup Kitchen

A place where free food is served to those in need, especially during economic hardships.

Bread Line

A line of people waiting to receive food aid from charitable organizations during the Great Depression.

Dust Bowl

A period of severe drought in the 1930s affecting the Great Plains, causing agricultural devastation.

Direct Relief

Immediate assistance provided to individuals in need, often during times of crisis or disaster.

Herbert Hoover

The 31st President of the United States, serving from 1929 to 1933, who was criticized for his handling of the Great Depression.

Boulder Dam

A concrete arch-gravity dam on the Colorado River, now known as Hoover Dam, completed in the 1930s as part of a public works program.

Federal Home Loan Bank Act

A 1932 act designed to lower the cost of home ownership by creating a system of banks to provide aid to mortgage lenders.

Reconstruction Finance Corporation

A government agency created in 1932 to provide financial support to banks, railroads, and other businesses during the Great Depression.

Bonus Army

A group of World War I veterans who marched to Washington, D.C., in 1932 to demand the immediate payment of bonuses promised to them.