The Great Depression Terms

26 terms by halimakonteh 

Create a new folder

Advertisement Upgrade to remove ads

the great depression

a time period during the 1930s when there was a worldwide economic depression and mass unemployment

the dust bowl

In the 1930's A series of major dust storms that buried houses, destroyed farmland and killed livestock

unemployment

the state of being unemployed or not having a job

the new deal

The programs and policies to promote economic recovery and social reform introduced by President Franklin D. Roosevelt

herbert hoover

president of the U.S from 1923-1933 leader of the US in the beginning of the great depression. He didn't want the govervment involved in the peoples lives and thought that the people should express their individual rights.

the american dream

the idea held by many in the United States of America that through hard work, courage and determination one could achieve prosperity., a dream for better life for people and their children, pursuing what attracted their ancestors to the New World

dust bowl states

kansas, oklahoma, texas, new mexico, colorado

buying on margin

buying stocks and borrowing money from a bank or broker; if the money was not paid back, the bank would foreclose on posessions; everyday people could buy stock; led to stock market crash because of overextention

stock market

place where stocks are bought and sold

world war 2

a global military conflict which involved a majority of the worlds nations, including all of the great powers, organized into two opposing military alliances: the allies and the axis. this war ended the great depression

stocks

a supply of goods kept on hand for sale to customers by a merchant, distributor, manufacturer, etc.; inventory.

franklin d roosevelt

Was elected president of the U.S by an overwhelming majority in 1932, introduced the New Deal, and led the US through most of WWII.

stock broker

A licensed professional who handles stock purchases and sales, A person that buys and sells stocks for you.

hoovervilles

shanty-towns that housed many who had lost everything. Shelters were built of old boxes and other discards., Shanty towns that the unemployed built in the cities during the early years of the Depression; the name given to them shows that thte people blamed Hoover directly for the Depression.

investor

a person who gives money to a company with the hope of making money later

broadlines

Carries large inventories of food & supplies representing numerous specialty vendors

migrant workers

people (typically farmers) who move from one region to another in search of work, people, typically farmers

drought

a long period without rain, a long period of dry weather

foreclosure

When a bank takes back a property and auctions it off to recover the unpaid loan amount.

supply and demand

an economic concept that states that the price of a good rises and falls depending on how many people want it and depending on how much of the good is available

laissez faire

policy based on the idea that government should play as small a role as possible in the economy

roaring twenties

a phrase used to describe nickname because of the times presperity and excitement the 1920s, principally in North America finally the Wall Street Crash of 1929 served to punctuate the end of the era, as The Great Depression set in., nickname because of the times presperity and excitement

october 29, 1929

Black Tuesday, Stock Market crashes triggers Great Depression

i.q

a measure of a person's intelligence as indicated by an intelligence test

loan

an amount of money borrowed by someone that must be repaid, usually with interest

mortgage

a long-term loan extended to someone who buys property

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording

Create Set