Hoover and the Crash - Chap 23 Flashcards

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