TERMS/VOCABULARY
- Dow Jones Industrial Average-The most widely used barometer of the stock market's health.
- Speculation-Bought stocks and bonds on the chance of a quick profit, while ignoring the risk.
- Buying on margin-Paying a small percentage of a stock's price as a down payment and borrowing the rest.
- Shanty towns-Little towns consisting of shacks sprang up.
- Soup kitchens-Offering free or low-cost food
- Bread lines-Lines of people waiting to receive food provided by charitable organizations or public agencies.
- Federal Home Loan Bank Act-Lowered mortgage rates for homeowners and allowed farmers to refinance their farm loans and avoid foreclosure.