Chapter 18 Summary

What is a system for buying and selling stocks in corporations?

What is a long period of rising stock prices

What is the term that describes buying a stock by paying only a fraction of the stock price and borrowing the rest

What is the act of buying stocks at great risk with the anticipation that the price will rise

What is the persistent or heavy demand from a bank's depositors, creditors, or customers

Buying an item on credit with a monthly plan to pay off the value of the good

a homeless and normally penniless wonderer

Projects such as highways, parks, and libraries built with public funds for public use

To take possession of a property from a mortgagor because of defaults on payments

In 1928, The democrats chose him, four-time governor of New York, Smith was the first Roman Catholic to win a major party's nomination for president

The following week, on October 29, a day that was later doubled Black Tuesday, prices took the steepest dive yet. That day, almost 16 million shares of stock were sold; the stock market lost between 10 billion and 15 billion in value.

In 1929, Hoover wanted to encourage overseas to trade by lowering tariffs. Conservative Republicans, however, wanted to protect American industry from foreign competition by raising tariffs. The resulting legislation, the HST, raised the average tariff rate to the highest level in American history, in the end it failed to help american businesses, because foreign countries responded by raising their own tariffs.

What is a terrible drought that struck the Great Plain.

With neither grass nor wheat to hold the scant rainfall, soil dried to dust.

He brought Mickey Mouse to Life in 1928, produced the first feautre-length animated film. Snow White and the seven dwarfs.

A novelist who added flesh and blood to journalists' reports of poverty and misfortune. His writing evoked both sympathy for his characters and indignation at social injustice

A novelist who later won the Noble Prize for literature, shows what his characters are thinking and feeling before they speak Sound and the Fury

Margaret Bourke White

Grant wood

In 1932 Hoover requested Congress to set up the R.

F.C. to make loans to businesses. By early 1932, the RFC had lent about 238 million to approximately 160 banks, 60 railroads, and 18 building-and-loan organizations

In May 1932 several hundred Oregon veterans began marching to Washington to lobby for passage of legislation.

Wearing ragged military uniforms, they trudged along the highways or rode the rails, singing old war songs. The press termed the marchers the "Bonus Army."