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Matching. Match each of the following terms with the correct description/definition.(10 points)

common during the Great Depression, a line of people waiting to receive free food

a long, hard period where industries did not grow and many people were out of work

raised tariffs on imports - backfired and shrank international trade

a group of World War I veterans and others who marched to Washington D.C. in 1932 to demand payment on their war bonuses early

the practice of investing in risky financial opportunities in the hopes of a fast payout due to market fluctuations

the withdrawal by a large number of individuals or investors of money from a bank due to fears of the bank's instability

thousands of displaced farmers who migrated from Oklahoma and other parts of the Great Plains in search of work

the period in the business cycle when there is reduced economic activity, including the decreased output of goods and services as well as trade

smoot-hawley tariff
bonus army
okies
recession
speculation
great depression
bank run
bread line

1 answer

Here are the matched terms with their correct descriptions/definitions:

  1. Bread line - common during the Great Depression, a line of people waiting to receive free food

  2. Great Depression - a long, hard period where industries did not grow and many people were out of work

  3. Smoot-Hawley Tariff - raised tariffs on imports - backfired and shrank international trade

  4. Bonus Army - a group of World War I veterans and others who marched to Washington D.C. in 1932 to demand payment on their war bonuses early

  5. Speculation - the practice of investing in risky financial opportunities in the hopes of a fast payout due to market fluctuations

  6. Bank run - the withdrawal by a large number of individuals or investors of money from a bank due to fears of the bank's instability

  7. Okies - thousands of displaced farmers who migrated from Oklahoma and other parts of the Great Plains in search of work

  8. Recession - the period in the business cycle when there is reduced economic activity, including the decreased output of goods and services as well as trade