Chapter 25 Unit 1 -- The Great Depression

25 July 2022
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Stock Exchange
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An organized system for buying and selling shares in corporations
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On margin
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paying a fraction of the stock price and borrowing the rest from brokers
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Black Thursday
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Stock prices plunged for 3 days, then on this day, Oct. 24, 1929, panicked traders sold almost 13 million shares
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Stock Market Crash
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Oct. 29th, 1929. Crisis happened. More than 16 million shares changed hands and stock prices plummeted
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Hoovervilles
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Shantytowns, or villages made out of cardboard boxes and other debris to provide shelters for those who lost their homes
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Public works
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Projects such as highways, parks and libraries, funded by federal government to create new jobs
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Bonus Army
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WWI veterans who marched on Washington demanding their $1,000 bonus pay before the 1945 due date