The Great Depression Correct Questions & Answers!!

The Great Depression - ANSWERSthe economic crisis and period of low business activity in the u.s. and other countries, roughly beginning with the stock-market crash in October, 1929, and continuing through most of the 1930s. Stock Market - ANSWERSan exchange where security trading is conducted by professional stockbrokers and where company stocks are bought and sold. Black Tuesday - ANSWERSOctober 29th, 1929: the day when prices in the stock market took a steep dive, plunging over $10 million dollars. Herbert Hoover - ANSWERSwas the president of the u.s from leader of the us in the beginning of the great depression. he didn't want the gov involved in the peoples lives and thought that the people should express their individual rights. Buying on Margin - ANSWERSthe purchasing stock with a little money down with the promise of paying the balance at sometime in the future. Smoot-Hawley Tariff Act - ANSWERSA tax on imported goods. The Smoot-Hawley Tariff Act of June 1930 raised U.S. tariffs to historically high levels. Hoovervilles - ANSWERSshanty towns that the unemployed built in the cities during the early years of the depression; the name given to them shows that the people blamed hoover directly for the depression.