Mr Trang C9 Vocab

Stock market

a system for buying and selling shares of companies

Bull market

Sometimes circumstances in the stock market lead to a long period of rising stock prices, which is known as a _____

Margin call

To protect the loan, a broker could issue a _____, demanding the investor repay the loan at once

Speculation

Buyers, hoping to make a fortune overnight, engaged in _____. Instead of investing in the future of the companies, they took risks betting that the market would continue to climb, thus enabling them to make money quickly

Black Tuesday

The following week, on October 29, a day later dubbed _____, prices took the steepest dive yet

Installment

During the 1920s many Americans bought high-cost items on the _____ plan, under which they would make a small down payment and pay the rest in monthly installments

Hawley-Smoot Tariff

Matters grew worse after June 1930, when Congress passed the _____ raising the average tariff rate to the highest level in American history

Bailiffs

Their landlord would then ask the court for an eviction notice. Court officers called ______ then ejected the nonpaying tenants, piling their belongings in the street

Shantytowns

Throughout the country, newly homeless people put up shacks on unused or public lands, forming communities called _____.

Hoovervilles

Blaming the president for their plight, people referred to such places as _____

Hobos

These wanderers, called ______, would sneak past railroad police to slip into open boxcars on freight trains for a ride to somewhere else

Dust Bowl

From the Dakotas to Texas, America’s pastures and wheat fields became a vast _____

Grant Wood

Thomas Hart Benton and _____ led the regionalist school, which emphasized traditional American values, especially those of the rural Midwest and South. _____’s most famous painting, American Gothic, portrays a stern farmer and his daughter in front of their humble farmhouse

John Steinbeck

Novelists such as _____ added flesh and blood to journalists’ reports of poverty and misfortune.

Public works

Hoover’s next step was to increase _____, government-financed building projects

Reconstruction Finance Corporation

He requested that Congress set up the _____ to make loans to banks railroads, and agricultural institutions. By early 1932, the _____ had lent about $238 million to approximately 160 banks, 60 railroads, and 18 building-and-loan organizations

Relief

From the start, Hoover strongly opposed the federal government’s participation in _____, money that went directly to impoverished families

Foreclosed

Between 1930 and 1934 creditors ____ on nearly one million farms, taking possession of them and evicting the families

“Bonus Army”

Several hundred Portland, Oregon, veterans set off on a month-long march to Washington to lobby Congress to pass the legislation. The press termed the marchers the ______

Margin

As the market continued to soar, many investors began buying stocks on ______, meaning they made only a small cash down payment