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14 Cards in this Set
- Front
- Back
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An arrangement in which consumers agree to buy now and pay later for purchases
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Credit
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Farmers refused to work their fields
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Farm Holiday
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World War I veterans that went to Washington D.C. to participate in the Bonus March
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Bonus Army
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Authorized the government to pay a bonus to WWI veterans who had not been compensated adequately for their wartime service
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Patman Bill
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General who broke up the Bonus March
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Douglas MacArthur
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Buying stocks and bonds on the chance of a quick profit while ignoring the risks
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Speculation
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The period from 1929 to 1940 in which the economy plummeted and unemployment skyrocketed
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The Great Depression
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Established the highest protective tariff in U.S. history
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Hawley-Smoot Tariff Act
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Cash payments or food provided by the government to the poor
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Direct relief
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U.S. president during the Great Depression
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Herbert Hoover
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Lowered mortgage rates for homeowners and allowed farmers to refinance their farm loans and avoid foreclosure
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Federal Home Loan Bank Act
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Paying a small percentage of a stock's price as a down payment and borrowing the rest
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Buying on margin
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Barometer of the stock market's health
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Dow Jones Industrial Average
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Little towns consisting of shacks
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Shantytowns
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