investment in stocks, property, or other ventures in the hope of gain but with the risk of loss.
speculation
October 29, 1929. On this date, share prices on the New York Stock Exchange completely collapsed, becoming a pivotal factor in the emergence of the Great Depression.
black Tuesday
the financial and industrial slump of 1929 and subsequent years.
great depression
The act raised U.S. tariffs on over 20,000 imported goods to record levels.
Hawley-Smoot tariff
a shantytown built by unemployed and destitute people during the Depression of the early 1930s.
Hooverville
an area of Oklahoma, Kansas, and northern Texas affected by severe soil erosion
Dust bowl
the process of returning a person (voluntarily) to his or her place of origin or citizenship.
repatriation
A group of government programs and policies established under President Franklin D.
New Deal
one of a series of radio broadcasts made by President Franklin Delano Roosevelt to the nation, beginning in 1933.
fireside chats
A U.S. corporation insuring deposits in the United States against bank failure.
FDIC
a public work relief program that operated from 1933 to 1942 in the United States for unemployed, unmarried men from relief families as part of the New Deal.
CCC
an agency that eliminated "cut-throat competition" by bringing industry, labor, and government together to create codes of "fair practices" and set prices.
NRA
a large-scale public works construction agency in the United States
PWA
an agency that was employing millions of unemployed people (mostly unskilled men) to carry out public works projects, including the construction of public buildings and roads.
WPA
A law to create a system of transfer payments in which younger, working people support older, retired people.
SSA