Chapter 9

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33 Terms

1
Stock Market
System for buying and selling share of company
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2
Bull Market
long period of rising prices
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3
Margin
make only small down payments - sometimes 10%
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4
Margin Call
became sensitive to falling prices
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5
Speculation
bet market, hope it rises, sell quickly
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6
Bank Run
many depositors get their money out
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7
Installment
a sum of money due as one of the several equal payments for something, monthly
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8
Black Tuesday
stock market crash Oct. 29, 1929, stock lose between $10-15 billion in value ($260B today)
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9
Hawley-Smoot Tariff
aimed to protect American manufacturers from foreign competition, damaged American sales abroad
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10
Bailiffs
court officers that would then kick out non-paying tenants and throwing out belongings on streets
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11
Okie
farmers from Oklahoma that traveled after their crops and house were covered and destroyed by dust
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12
Hobo
wandering homless/jobless person, hobo jungles and box cars
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13
Soap Opera
serial drama on daytime radio and tv, frequent laundry soap ads
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14
Public Works
government financed building projects
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15
Reconstruction Finance Corp
made loans to banks, railroads, and agricultural institutions.
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16
Relief
money that went directly to impoverished families.
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17
foreclosure
borrower fails to make mortgage payments and bank takes possession of building and evicts family
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18
Bonus Army
veterans trudged along the highways or rode the rails, singing old war songs and reminiscing about army days
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19
Reasons for the Stock Market Crash
Lent money to speculators, banks invested hoping for highers returns
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20
What 2 people ran for president in 1928?
Alfred E. Smith and Herbert Hoover
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21
Causes of the Great Depression
LOUHFS Low interest rates, overproduction, uneven distribution of wealth, high tariffs, falling demand, stock market speculation
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22
Shantytowns
Hoovervilles, newly homeless people put up shacks on public/unused lands, farming communities
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23
Dust Bowl
severe dust storms damaged ecology/ agriculture, people headed west from mid west to west (Oklahoma to California)
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24
Alfred E. Smith
4 times NY gov., Irish catholic
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25
Herbert Hoover
blamed for market crash, mining engineer, worldwide gratitude, fed war-torn Europe durng and after WWI
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26
Walt Disney
cartoons, snow white 1937 (inspired wizard of oz), mickey mouse,
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27
John Steinbeck
flesh and blood to journalists’ reports of poverty and misfortune, grapes of wrath
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28
William Faulkner
shows what his characters are thinking and feeling before they speak, stream of consciousness technique, he exposes hidden attitudes of Southern whites and African Americans in a fictional Mississippi county.
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29
Marx Brothers
comic stars of stage and screen, Animal crackers, when market crashed they lost all their money
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30
Henry Luce
founded life. time, fortune, and sports illustrated magazine
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31
Grant Wood
traditional, American Gothic
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32
Margaret Bourke-White
photographer, pictures displayed in Fortune Magazine, showed the ravages of drought
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33
Farmers’ Revolt
1932, farmers had heavily mortgaged their land to pay for seed, feed, and equipment and after the war, prices sank so low that farmers could not even earn back their costs, let alone make a profit.
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