Roaring 20's and Great Depression
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10 terms
Terms | Definitions |
|---|---|
 share | owning part of a company |
| state exchange | a place where shares in corporations are bought & sold in an organized system |
| Default | failure to repay a loan |
| bankruptcy | having many defaults, total financial failure to pay off debts, closing the business |
| overproduction | when the supply of manufactured goods is greater than the demand |
| Buying on Margin | buying shares of a company by making a down payment of the stock price and borrowing the rest from a bank/broker. |
| Dust Bowl | a period of severe dust storms causing major ecological and agricultural damage to American prairie lands |
| relief | aid for the needy, welfare |
| public works | projects such as highways, parks, and libraries built with public funds for public use |
| depression | a period of low economic activity and widespread unemployment |
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