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Hoover and the Crash - Chap 23 Flashcards

Terms : Hide Images
142033702Herbert HooverPresident from 1929-1933; many blames him for the difficult times the country was experiencing.
142033703speculationbuying and selling in attempt to make a quick profit
142033704black tuesdayOctober 29, 1929; the day the stock market crashed. Leads to the Great Depression.
142033705crash of 1929the plunge in the stock market prices in October 1929
142033706Great Depressionlongest depression the US ever experienced, beginning in 1929 and lasting until 1942 (WWII)
142033707buying on marginbuying stocks by paying a small percentage (10%) and borrowing the rest (90%)
142033708Public works projectgovernment funded projects to build public resources such as roads and dams
142033709Bonus Armyex-soldiers who were jobless and marched on Washington DC and petitioned Congress to pay bonuses due to them in the summer of 1932

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