ch. 22 Key Terms
Terms
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- speculation
- undertaking risk on stocks or real estate for the chance of profit.
- Father Divine
-
M. J. Divine
A Harlem evangelist who opened soup kitchens that fed hungry thousands every day. - collateral
- something pledged as security for a loan Ex house
- Scottsboro Boys
- Nine African American Youths accused and unfairly tried and convicted of raping two white woman in Alabama in 1931; 8 of the 9 were quickly convicted by an allwhite jury and sentenced to die wihtout being given the chance to hire a defense lawyer.
- Eleanor Roosevelt
- Wife of Franklin D. Roosevelt
- Franklin Delano Roosevelt
- President of the United States
- installment buying
- a method of paying for an expensive item over many months in installments and including interest.
- Norman Thomas
- won 881,951 votes in 1932, about 2.2 percent of hte total vote
- welfare capitalism
- Industrial policy of meeting workers' needs with increased pay and benefits for the purpose of preventing labor union organization.
- buy on margin
- practice of buying stocks by paying 10 to 50 percent of the full price and borrowing the rest; common in the 1920s before the stock market crash of 1929.
- real wages
- value of income adjusted to account for inflation; used to compare wages in different time periods.
- socialists
- called for gradual social and economic cahnges rather than revolution.
- Gross National Product(GNP)
- Total amount of goods and services a nation producesl used to gauge economic strength.
- Herbert Hoover
- 31st president of the US 1929-1933; worked to aid Europeans during World War I; responded ineffectively to 1929 stock market crash and Great Depression
- hoovervilles
- houses built by the homeless during the Great Depression.
- Dow Jones industrial average
- An average of the prices of the stock of leading industries taht gauges the health of the stock market.