The great depression

Question 1

deflation

Answer 1

a decrease in the general price level of goods and services

Question 2

price support

Answer 2

A law that keeps prices above a set level

Question 3

credit

Answer 3

Short-term loans to buy goods with the promise to pay back later

Question 4

Alfred E. Smith

Answer 4

Democratic presidential campaign candidate in 1928

Question 5

Dow Jones Industrial Average

Answer 5

Index of stock prices of select companies

Question 6

speculation

Answer 6

investments in high-risk ventures

Question 7

buying on margin

Answer 7

Buying stock by paying only a portion of the full cost up-front with promises to pay the rest later

Question 8

Black Tuesday

Answer 8

October 29, 1929,the day the stock market crashed

Question 9

Great Depression

Answer 9

Period of bad economic times in the U.S. that lasted from 1929 through the 1930s

Question 10

Hawley-Smoot Tariff Act

Answer 10

Law that raised taxes on imports and worsened the Depression

Question 11

Shantytown

Answer 11

A neighborhood where people lived in shacks

Question 12

Soup Kitchen

Answer 12

place where free food is served to the needy

Question 13

Bread line

Answer 13

A line of people waiting for free food

Question 14

Dust Bowl

Answer 14

Area of the Great plains made worthless for farming by drought and dust storms in the 1930s

Question 15

Direct relief

Answer 15

Money or food given directly from the govt. to the needy

Question 16

Herbert Hoover

Answer 16

31st president

Question 17

Boulder Dam

Answer 17

Dam on the colorado river built during the Depression to create jobs

Question 18

Federal Home Loan Bank Act

Answer 18

Law passed in 1931 to reduce mortgage rates to save farmers from forecloser

Question 19

Reconstruction Finance Corporation

Answer 19

Agency established in 1932 to provide emergency relief to large businesses, insurace companies and banks