| Term | Definition |
|---|
| what is buying on margin? | pay small down payment on stock and borrowing the rest |
| what was the role of speculation and buying on margin in the great deperession? | after the stock market crash, people were swarming and debt and couldn't pay it back |
| what new deal programs still exist today? | a national pension system, oversight of labor practices, agriculture price support, protection for savings, regulation of stock market |
| at what point on the business cycle does a depression occur? | in a deep trough |
| what is a depression? | a long period of time (amounting to more than 6 months) with serious economic troubles |
| what is the difference between a depression and a recession? | a recession is shorter and not as damaging as a depression |
| who was the dictatior of germany during WWII? what kind of government did he lead? | adolf hitler' the NAZI party (national socialist german worker's party) |
| who was the dictator of the USSR during WWII? what kind of government did he lead? | joseph stalin; communist |
| who was the dictator of italy during WWII? what kind of government did he lead? | Benito Muusolini; fascism |
| who was the dictator of japan during WWII? | hideki tojo |
| what is a dictatorship? | complete rule by one person |
| what was appeasement? | meeting one's demands to prevent war |
| what country tried to appease Hitler? | england |
| When was the agreement to appeasement made? what did it say? | September 19 1938; Germany could have Sudetenland, but nothing more |
| What was Blitzkrieg? | 'lightning warfare'- stresses speed and surprise using tanks, troops, and planes |
| what was the name of the alliance made between Muusolini and Hitler? | Rome-Berlin Axis |
| what was the first territory occupied by Hitler? what other countries did he take over in Europe? | Rhineland; austria, czechoslovakia (sudetenland), poland, norway, denmark, begium, luxembourg, netherlands, france |
| what was the name hitler gave to his reign and country during his time in control of Germany? | the third reich (der fuhrer) |
| during the war, how did the usa deal with its scarce resources? | rationing |
| what happened to japanese americans during WWII? what were the Japanese terms for them? | they were sent to internment camps; nisei |
| what was the WPB? what does it stand for? what did it do? | an organization made to organize and produce products for the war; War Production Board |
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